Check List Questions for Finding a Transfer Pricing Tool

Check List Questions for Finding a Transfer Pricing Tool

Check List Questions for Finding a Transfer Pricing Tool

Check List Questions for Finding a Transfer Pricing Tool

It was only a few years ago that the market began to turn towards new technologies to achieve more efficient processes in the area of finance and taxes.
While working as an in-house expert, I had the opportunity to see many attempts by start-ups and big consultant offices to offer what they called “tools with new technology” for transfer pricing. In all cases they felt like a tool, but at the end were only services disguised as new technology. In my search process I decided to make a check list to try to analyze the options.The first thing I tried to define was what should be automated or  improved in terms of processes.

 

From my point of view, there are two activities:
-Operational processes and
-Compliance activities

Operational issues include, for example, automatic pricing with a pre-established policy, which in simple cases is automaticaly resolved with SAP. P/L segmentation by legal entity and by activity, automatic calculation of netmargins, comparison of company results with benchmark results etc. On the other hand,the transfer pricing aspects related to compliance include the generation and analysis of the CbCR, documentation at group and local level, and the analysis of the supply chain, among others.

-Brigitte Baumgartner, Transfer Pricing and Compliance Professional

 

Download Brigitte Baumgartner´s check list for finding a transfer pricing tool