Bringing control
Control means something different to everyone. For some, it’s about having peace of mind, or being certain. For others, it’s having a clear overview of what to do and when. And for many, it’s simply the freedom to get things done without any hassle.
While “control” doesn’t have a one-size-fits-all definition, Coperitas makes sure everyone can experience it, however they define it.
What is control?
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 each key area of transfer pricing together and show you how Coperitas can help you take charge.
Control in OTP
When discussing operational transfer pricing (OTP), the first thing that comes to mind is year-end adjustments. When you think back to the previous year-end adjustment, it won’t be with happy feelings. You probably get anxious about the difference being too large, 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 to have a clear overview, 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 and that the information you need is easy to find when you need it.
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 more, all in one place. Forget manually tracking deadlines 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
Coperitas doesn’t focus heavily on Pillar 2, but there is one functionality our clients requested we implemented: “Pillar 2 safe harbour”.
control
We’re all about giving our clients control over transfer pricing, and that control wouldn’t be complete without a safe harbour functionality. Knowing that you meet the safe harbour requirements takes a lot of stress off your plate, and more importantly, it removes the fear of fines.
A single focus point
With our tool, you’ll get a clear map of all the countries where you have entities, and an overview of how close you are to meeting the requirements. It gives you the insights you need so you know exactly where to focus your attention on.
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 need information, send out requests, and not receiving responses. Maybe you even start feeling that loss of control before sending the request. When you send a request for information or documents, do you ever wonder if they will send it in time, or respond at all?
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!
