Transfer pricing documentation
Multinationals experience a growing compliance burden as more countries across the globe are implementing new transfer pricing regulations. The transfer pricing compliance burden refers to meeting all guidelines and regulations, both national and international. An important part of being compliant is a timely preparation of all the required documentation. Transfer pricing documentation is necessary if your company is part of a multinational group and conducts transactions with other entities within the group. These companies are obliged to prove that their transactions are priced at arm’s length. Having solid transfer pricing documentation enables your company to present that it’s complying with local regulations to tax authorities, even in case of an audit.
Where can we help you with
A key word in this context is transfer pricing control. Especially now, when the compliance burden is only increasing, staying in control is of utmost importance. However, managing all transfer pricing issues efficiently and effective can be challenging. Thus, being in control and transfer pricing automation are inseparable. While your required documentation is piling up year after year, so is your time spent on filing these documents. Whereas most of these documents could actually be generated with one click on the right button. Transfer Pricing documentation software can therefore save you a lot of time and money. Besides, yearly amendments done by hand are more prone to errors than transfer pricing software.
In order to fulfil the need of automation, at Coperitas we developed transfer pricing software which includes a transfer pricing Documenter software. Our goal with this tool is to answer the increasing demand for flexible transfer pricing software from tax teams. That’s why our transfer pricing document software is user-friendly and flexible. Coperitas succeeded in creating a transfer pricing tool which can function as a stand-alone solution for your transfer pricing challenges and automation. Furthermore, our software generates transfer pricing documentation that makes sure you always stay compliant and in control. Completely tailored to your wishes. For example, our transfer pricing documenter software can generate TP reports, Master- and Local files and intercompany agreements, yet, it is not limited to transfer pricing documentation only. In other words, Coperitas can help you with any sort of document you wish to automate.
Goal of our solution
One thing was very clear from the start: our solution had to be user-friendly and enable tax teams to become and remain in control without unnecessary interference from consultants. And we achieved our goal. Coperitas succeeded in creating a transfer pricing tool that can function as a stand-alone solution for your Transfer Pricing challenges and automation.
All the information combined
On the well-defined dashboard all this information is combined, and the great transfer pricing documentation generator makes sure you always stay compliant and in control. Because of the flexible way Coperitas is designed, it can also serve as a solution for challenges related to tax, finance, and legal matters.
Built with knowledge
During development, we worked closely with tax teams of multinationals and transfer pricing experts. This resulted in additional features. Precisely these features made the in-house tax department of one of the largest Dutch multinationals decide to switch from their running software solution to Coperitas.
Empowering tax teams with passion
It is our passion to empower tax teams to operate independently and become in control of their transfer pricing with the help of technology. We guide clients to make an informed decision on the optimal use of technology within their company. Partnerships enable us to offer clients software solutions that are not only applicable to today’s goals, but also to those of tomorrow. Thanks to these partnerships, Coperitas can rely on a combined experience of over 100 years of practical transfer pricing knowledge. This means that we can support you every step of the way!
More about Coperitas
The journey of Coperitas began in 2016 when we took on the challenge of creating the extra mile for multinationals. Our goal: to answer the increasing demand for flexible transfer pricing software from tax teams. This started the search for an effective solution to the growing compliance burden of multinationals.