The challenges of documentation creation

Creating the actual documentation might seem like just some paperwork, but that is far from true! It shows the strategic approach your company takes to comply with transfer pricing regulations. More than that, it tells your organization’s story by showing how you create value and manage profit challenges. And if documentation is the story, our role is to be your printing press.

When you hear “documentation”, you probably think of challenges like staying compliant across countries or managing deadlines. Believe us, you’re not alone in facing these challenges. Have a look at some challenges faced by others:

  • Managing varying requirements and thresholds across multiple jurisdictions.
  • Time-consuming and error-prone processes.
  • Collaborating across teams and countries in fragile spreadsheets and documents.

Recognize yourself in any of these? No worries, let us go over how we can tackle them using the Coperitas Platform.

 

Centralized information

Staying compliant looks different in every country you operate in. Thresholds, rules and deadlines vary between countries, which is confusing.

Having a single place to access all the information you need will save you time—and, more importantly, prevent headaches down the line.

Automate workflows

Manually drafting and updating documentation is a hassle. It’s time-consuming and prone to errors, especially when it comes to decentralized organizations.

Coperitas can simplify your work by automating workflows for smooth data collection and document creation.

Providing oversight

When everything is a priority, nothing is a priority.

Coperitas helps you establish clear workflows to make sure you meet both legal and internal deadlines.

How our Document Creator solves these challenges

When designing our Document Creator, we wanted to focus our attention on a few specific problems. We have years of experience creating documentation, so we knew exactly what to do.

Is there still a problem that we have not covered yet? Or is your version of these challenges in need of a more tailored solution? You can always give us a quick call so we can see if there is a quick and easy solution.

Consistent requirements and thresholds

All around the world

Staying compliant looks different in every country you operate in. Thresholds, rules and deadlines vary between countries, which is confusing. For instance, while the OECD suggests a €50 million global turnover threshold, countries like Spain and Turkey set it at €30 million. Now imagine that being different for all of your entities. It’s an absolute mess just thinking about it.

Centralize up-to-date information

Let us clean that mess. To stay on top of it all, use internal tools or structured templates to streamline data collection, avoid inconsistencies, and keep up with local compliance changes. You can gather the info by working with consultants or, if you prefer to keep it in-house, using Coperitas.

 

Templates and questionnaires

A great foundation

Manually drafting and updating documentation is a hassle. It’s time-consuming and prone to errors, especially when it comes to decentralized organizations.

Templates

Whether you’re setting up a local or a master file, our templates allow you to keep uniformity in all documents. This feature helps you create structures that are consistent across your documentation.

Questionnaires

Keeping your documents up to date is made easy by using our questionnaires feature. It allows you to setup pre-defined questions with specific answers-types (text, amounts, yes/no). You can also copy the answers to next year, so no need to repeat yourself.

Resume Progress

No need to start from scratch! The goal is to make the process as quick and seamless as possible. Import all the documentation you already have into Coperitas with just a few clicks. All your data will stay intact. This way there is no taking a step back to move forward.

Automate your process

Make life easier

The Document Creator in Coperitas automates all the manual processes required to create compliant documentation. The main goal is to reduce errors, save time, and streamline workflows. This ensures you have the necessary documents ready for whenever you would need them

Automated processes

If time constraints or human errors are a challenge let us just take them both away. By letting a computer do all the work, you regain time for more precious matters. Here are some points Coperitas can simplify:

  • Workflows
    Automating workflows for smooth data collection, documentation and analysis.
  • Flexible data upload
    Easily import the financial data from your ERP into Coperitas.
  • Automatic updates
    Keeping your documentation up to date with all the data you provided in the tool.
Support and partner network

The solution to the problem

Coperitas supports companies in managing compliance across multiple jurisdictions. No matter the country, rules and requirements, we make sure that you have global compliance.

Business Partner Network

We have an extensive network of business partners across all regions to provide you with the latest local TP compliance and regulations. Our business partners are fully available to see which local strategy fits you and help you make the best possible choices.

Support tailored to you

Coperitas adapts to the unique needs of your business, ensuring a tailored approach that fits you. We have a look at everything: the size of your company, the number of entities, and where you are located.

This way we can make sure that you get the information and documentation you need, no more no less!

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