Bringing control
For some, control is about having peace of mind. For others, it’s having a clear overview of what to do and when. And for many, it’s the freedom to get things done without hassle.
While “control” doesn’t have a one-size-fits-all definition, Coperitas makes sure everyone can experience it.
What is control within transfer pricing?
Transfer pricing covers a lot of areas that simply work better when you have control. But what “control” looks like can vary depending on the topic. Let’s walk through everything Coperitas can give you control in:
Control in OTP
When discussing operational transfer pricing (OTP), the first things that comes to mind are quarter closes and year-end adjustments. When you think back to the previous quarter closes and year-end adjustment, it might not be with happy feelings. You probably forsee large differences between the target margin and actualls, or maybe you are just haunted by all the extra hours you had to spend. In other words, it’s a situation that is difficult to control.
Certainty
When it comes to removing these anxieties, there is one kind of control that is key: “certainty”. To achieve this, there is only one viable option: review as often as possible. It does take a considerable amount of time, but it is worth it. And of course, you won’t have time to do it monthly, but we would advise you to review quarterly.
Stress-free
With Coperitas, you can create a clear overview of financial data across all your entities, making it easier to spot and correct any mistakes that may have slipped in. By reducing the time it takes to complete these tasks, you’ll have the flexibility to do them more frequently. And when audits come around, there’s no need to stress—you’ll already be well-prepared.
Control in TP monitoring
Although it seems obvious to keep your agenda updated, the sheer number of deadlines can overwhelm even the most organized person. It’s not just about knowing the deadlines, you also need everyone taking timely action, ensuring all documents are ready when the day comes.
There when you need it
If simply having the right dates in your calendar were enough, deadlines wouldn’t be such a challenge. It’s about more than that! It’s knowing you have all the deadlines covered by establishing well defined workflows.
Customizable dashboards
That’s where our customizable dashboards come in. They give you a real-time view of everything that matters: deadlines, document statuses, and your workflow, all in one place. Forget manually tracking deadlines and tasks in your calendar: our system provides an overview of deadlines, tracks document updates, and sends email reminders when action is needed. Plus, set an internal deadline to build in extra time for reviews and revisions.
Control in pillar II
Control in Pillar II starts with the preliminary safe harbour analysis to determine your workload for Pillar II.
Safe harbours
Your Pillar II journey starts with the safe harbour analysis. The outcome of this analysis determines your workload for further Pillar II analysis and GloBE filings. Coperitas provides you control over your safe harbour position in a well designed dashboard. If this isn’t enough, a management rapport is generated automatically.
A single focus point
With our software, you’ll get a clear map of all the countries where you have entities, and a risk overview of meeting the requirements. It gives you the insights you need so you know exactly where to focus your attention on today and tomorrow.
Control in TP documentation
In some cases, the feeling of control comes from simply not losing control. In a centralized organization, it’s reassuring to know that the workflow is running smoothly and everything is on track.
Out of your control
The perfect example of losing control here is when you urgently (in case of audit) need information, send out requests, and not receiving responses. When you send a request for information or documents, do you ever wonder if they will send it in time, or respond at all?
Ensuring consistency
Control over managing many documents may also be reached when you know that all documents are consistent and containing the necessary information.
Automating workflows
You simply want to know that the right documents are being created and are delivered on time. That’s where Coperitas steps in. By automating workflows, Coperitas simplifies your tasks, ensuring smooth data collection and document creation. Everything is ready when you need it!
