Intercompany transfers made easier
As taxing authorities around the world increase focus on intercompany transactions, you need a solution that helps you stay compliant, increase efficiency and maintain your competitive edge. ONESOURCE Transfer Pricing is that solution. Our tools help you view comparable financial data with a new level of transparency, coordinate globally with ease and proactively manage your effective tax rate, policies and processes for auditors.
A comprehensive, end-to-end transfer pricing solution
In an increasingly global economy, transfer pricing accounting is one of the most significant issues that multinationals must manage to stay compliant and competitive. With large volumes of complex tax regulation to deal with from around the globe, the smallest details can make a big difference in terms of resolving a transfer pricing issue efficiently and quickly. Today’s tax departments need a comprehensive resource to help manage every step of the transfer pricing accounting process and build a knowledge base that scales with your business. Thomson Reuters ONESOURCE Transfer Pricing software is the end-to-end solution to handle your transfer pricing process.
Transfer Pricing accounting starts with data—managing information from internal and external sources. ONESOURCE Transfer Pricing helps you automate data collection from various global systems, and compile foreign transaction information and supporting documents in a centralized location.
Plus, with access to more than 1.2 million private and public company records, ONESOURCE Transfer Pricing has the comparables you need to establish and justify pricing. Our data suite, offers global coverage of companies of all sizes—with information from Reuters Fundamentals and European Comparables from Thomson Reuters, ktMINE’s Royalty Rate Finder Database and Standard & Poor’s Compustat. Our system helps you evaluate your existing pricing and policies against the latest data as you create, implement and track new policies, and manage and communicate policies across your business.
It’s all about consistency and communication. ONESOURCE Transfer Pricing software helps you set a standard that allows you to reduce out-of-period adjustments, review intercompany policy compliance, and make timely adjustments throughout the year. Plan next year’s prices more accurately and make keeping up with comparables an automatic part of your workflow. And the documentation is clear. Our software can help you establish a new level of accuracy and create a detailed audit trail for each step of the transfer pricing accounting process.
If you prefer, outsource your process to us, or let our transfer pricing specialists handle a portion of your services. See how our solutions and services work to make you as confident as possible about your transfer pricing:
Our system lets you access millions of relevant private and public company records worldwide, as well as intangible agreements. Automate the data you collect from various global locations in one centralized location. Create policies that can be communicated throughout the business.
Searching and identifying the comparables within your arm’s-length range is made simple. Quickly find the right companies and pricing with our intuitive Comparable Search Statistics tool. See what comparables are most frequently used to verify you are on the right track. It’s easy to implement and use.
Our award-winning documentation solution can help with arm’s-length analysis of tangible, intangible and service transactions. Search multiple databases simultaneously and export your data for analysis to Microsoft Excel or Word. Increase accuracy and save time by eliminating manual processes. And get up-to-date regulatory information on revenue authorities located around the world, including the IRS’s transfer pricing accounting regulations and the OECD Guidelines.
- Operational Transfer Pricing
Manage your intercompany transactions confidently, strategically, and accurately. Plan ahead by actively monitoring pricing throughout the year. Our software can help you gain greater control and visibility over your transfer pricing process.
Bring us on to do some of the work for you. Our professionals have extensive experience helping multinational corporations with transfer pricing issues. Our team also includes economists and accountants with experience at the IRS and Big Four accounting firms. Our ONESOURCE Transfer Pricing services comprise of managed outsourcing, consulting, translations and inter-company loan analysis using comparable interest rates.
Improve financial performance, mitigate tax risk, and ensure accuracy with ONESOURCE Transfer Pricing.
When 200-year-old real estate services and investment management firm Jones Lang LaSalle decided to take transfer pricing in-house in 2004, the goal was mitigating the risk of transfer pricing penalties and adjustments. The company was frequently audited in non-US countries, and had a backlog of cases.
In evaluating ONESOURCE Transfer Pricing, Jones Lang LaSalle was looking for the strongest possible database and a system that was easy to use, easy to search. They needed to manage at least 25 projects per year. And they needed to start creating case studies as soon as possible.
“I would say we easily save $30,000 to $50,000 annually by using ONESOURCE Transfer Pricing instead of outsourcing the work,” says a Tax Manager at Jones Lang LaSalle.