Coperitas for growing companies

A story of how we helped a fast-growing company starting with transfer pricing and supporting their growth. All of this with the help of the Coperitas “Document Creator”. What is their story and how did this happen? You can read it down here.

About the company

The company is a fast-growing global leader in AI, data, and technology solutions. Operating across seven countries (across America and Europe), their innovative solutions continue to support their expanding market reach. The finance team was preparing to face the challenges of transfer pricing documentation that came with this global expansion. At this stage, our team supported them with a scalable and future-proof solution.

The challenge of growth

With rapid expansion comes greater responsibilities and obligations. Because of the fast growth they were facing, the client stumbled upon a pressing need for transfer pricing documentation to comply with all local regulations. They sought a practical approach that would ensure swift compliance without overcomplicating the process. Coperitas provided exactly that: speed, simplicity, and regulatory assurance.

A clear goal

The objective was ambitious yet straightforward: “Implement an easy to use and efficient solution for generating transfer pricing documentation that meets local regulatory requirements“.

This goal had two priorities that ensured that the clients wishes would be met.

• Speed: Deliver the first results quickly to keep pace with their growing operations.
• Minimal client involvement: Reduce the burden on their teams, allowing them to focus on core business functions.

Our Approach

The main focus of the project was creating a first compliant Local File. Here’s how our team approached it:

1. Small project

As the first deadline approached in a short time frame, we set up a proof of concept. This is a small project to focus on the creation of the first local file.

2.   Customized Environment Setup

We established a personalized Coperitas platform for the client, designed to accommodate their unique structure and data requirements.

3.   Effortless Data Collection

To reduce time spent by the client, we used the questionnaires functionality to obtain essential details such as:

• Group-wide information
• Local entity details
• Financial data

4.   Automated Compliance

Using the collected data, Coperitas automatically generated the compliant Local File, tailored to meet the regulatory requirements. The process was automated and seamless, ensuring no delays.

Result

Thanks to an efficient process, good communication with the client and the automation capabilities of Coperitas, all necessary steps were completed on time and the compliance deadline was successfully met. Now they have an efficiënt solution which was easy to implement for them. On top of that, we went above and beyond by addressing all of their requirements flawlessly.

1. Speed: In just one month, we delivered the first transfer pricing local file meeting strict deadlines. This laid the foundation to create local files for other countries within one day. The process was swift, efficient, and aligned with the client’s growth pace.
2. Minimal Client Involvement: The client’s role was reduced to completing a simple questionnaire. The heavy lifting was managed entirely by Coperitas, allowing their internal teams to stay focused on high-value tasks.
3. Regulatory Compliance: All documentation met local requirements, ensuring peace of mind for the client and no regulatory disruptions.

Together with this fast-growing tech company, Coperitas laid the foundation for a scalable and future-proof transfer pricing process. This collaboration proves how fast-growing organizations can stay compliant without slowing down.

Are you scaling internationally and facing new transfer pricing challenges? Get in contact with us and discover how Coperitas can support your growth.

Accomplish your goals