Transfer Pricing Transfer pricing compliance made easier
Intelligent transfer pricing solutions to navigate a changing environment
Intelligent Transfer Pricing Technology to Manage BEPS
Vast changes to transfer pricing documentation have arrived. Are you prepared?ONESOURCE can assist your organization navigate a new era of transfer pricing documentation. A proactive response to country-by-country reporting, master file, and local file requirements will enable you to minimize risk and maintain your reputation.
Preparing for BEPS
What does BEPS full disclosure really mean? For a three minute overview of BEPS, preparation recommendations and resources available to ease the burden on your tax department, view our video.
In an increasingly global economy, transfer pricing is one of the most significant issues that multinational enterprises (MNEs) must manage. As the OECD transforms transfer pricing documentation with its Base Erosion Profit Shifting (BEPS) initiative, it is crucial for MNEs to plan a comprehensive strategy.
As this transformation occurs, Thomson Reuters ONESOURCE can help you manage every step of the transfer pricing process and build a knowledge base that scales with your business. ONESOURCE Transfer Pricing software is the intelligent solution to handle your transfer pricing process.
A comprehensive, end-to-end transfer pricing software solution
Transfer Pricing 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 1.6 million private and public company records, ONESOURCE Transfer Pricing has the comparables you need to establish and defend your transfer price. Our data suite, give you access to high quality public, private, and intangibles data for transfer pricing analysis. Our transfer pricing software 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.
See how our transfer pricing solutions and services can help you lower compliance costs, mitigate tax risk, and achieve better results.
Transfer Pricing Documentation
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.
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.
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.
Transfer Pricing Monitoring & Implementation
Manage your intercompany transactions confidently, strategically, and accurately. Rather than waiting until year-end to analyze and face unanticipated adjustments, proactively review and adjust prices to remain in compliance with your transfer pricing policy year-round. Our software can help you centralize data sources at levels required for transfer pricing review resulting in greater control and visibility over your transfer pricing process.
Transfer Pricing Workflow
Automate your transfer process with flexible workflows, notifications, due date tracking, electronic signoffs and status tracking. Manage, store, and retrieve key documents to support your transfer pricing policy with ease. Achieve consistent and enforced processes.
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