If you are responsible for transfer pricing in a multinational group, you will most certainly have thought about how a tax technology solution could support your transfer pricing function.
The basis is to support automation of data gathering in your organization in secure and efficient workflows and with full control of what every reporting person should perform on a timely basis.
You must be able to analyze the information in tables, reports and in an efficient analysis tool, regarding both current and historical data. Flexibility is key since a solution must handle groups that are organized in different ways such as being centralized or decentralized.
First you need to be in control of your legal entity structure and related entity information, since all the tax processes you need to manage require this information as a base. Thus, it is important to be in control of how it changes over time as questions potentially arise several years after the filing process has been completed.
With this as a starting point you can utilize automation in the different processes. Our solution is developed to solve these challenges and to provide system support for a number of other compliance processes as well as the digitalization of the transfer pricing department in a very user friendly and modern way.
All modules in our solution are integrated with each other through the platform and exchange relevant information for different processes. This means that you can manage the following areas:
How do we ensure that the solution always contains best practice in line with new and changing regulations?
Since we work in close cooperation with our customers and the regulators, we make sure that the solution always contains best practice and meets new demands.
When you have decided what processes are appropriate to automate you must:
We support you in deciding:
If you have implemented the solution you can easily add a module which automatically will be structured around the existing legal entities. In addition, you may want to reuse existing roles and responsibilities that have already been set up in other modules, which minimizes your administration. Information that has already been collected and structured in one module will be linked to other modules in order to avoid double entry of data and to increase quality.
We support you in migrating all your existing information into the solution and adding users and a reporting structure with clear roles and responsibilities. If necessary, we customize the solution to fit your requirements and integrate it with other systems. When you start using the system, all data and user information is already in place – you can start working with the solution immediately. We also train your personnel to manage the solution.
We are always available for discussions on how to make the solution work efficiently in your environment. This means that you have access to 30+ years’ worth of in-depth knowledge around how multinational groups solve their data collection and compliance issues.
You will have access to our user support to ensure that your personnel can fulfill their reporting duties.
Since many multinationals have busy head office functions with limited resources and short deadlines, we can provide staffing services on a regular basis.
Digitalization of head office functions – what does it mean? Join us in a demonstration where you can start a digitalization journey with all of your group’s head office data.
What kind of head office data do you need – and how do you collect it in an efficient way? Together we will dive into your data to see how it can be structured in new ways.