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Data & transfer pricing

14 January 2025 ●

Summary

The webinar titled “Data & Transfer Pricing” featured Mike Van Vuuren introducing Cooperitas, a cutting-edge transfer pricing tool, complemented by insights from Tim Van Uden and John Bruijns of Advanced Tax Group. The session highlighted the challenges faced by tax teams in data handling before transfer pricing reports, emphasizing Coperitas’ ability to automate data aggregation and calculations. Key discussion points included the complexities of managing multiple ERP systems and stakeholders, the advantages of robotic process automation (RPA) to streamline data transfer, and practical steps for implementing Coperitas. Attendees were encouraged to analyze their current data processes, consider adopting Coperitas, explore RPA solutions, and identify key stakeholders for successful implementation, with resources available for further support and demos.

Introduction and Overview (00:15 – 09:31)

  • Mike Van Vuuren introduces Cooperitas.
  • Tim Van Uden and John Bruijns from Advanced Tax Group introduced as business partners
  • Agenda: Process of obtaining data from ERP to Coperitas, different possibilities, robot processing example
  • Business case: Tax teams struggle with data handling before TP reports
  • Coperitas offers solution to automatically aggregate data and perform calculations

Data Challenges and Solutions (09:31 – 20:24)

  • Challenges: Multiple ERP systems, data sources, and stakeholders involved
  • Three scenarios for data handling: Manual data input, Data gathering systems, Data transfer via robotics or connectors
  • Benefits of using data gathering tools: Diminish keyman dependency, mitigate errors and risks

Robotic Process Automation (RPA) (20:24 – 30:01)

  • John explains RPA as a solution for data transfer
  • RPA can automate manual tasks, work 24/7, and handle various data sources
  • Demo of a simple robot taking data from Excel, combining numbers, and loading into Coperitas

Frequently Asked Questions (30:01 – 38:38)

  • Addressing concerns about different ERP systems globally
  • Preferred data sources: Consolidation software vs. ERP systems
  • Stakeholders needed for successful implementation
  • Timing for starting the process: Can start with tools while waiting for system migrations

️ Cooperitas Tool and Implementation (38:38 – 47:00)

  • Coperitas offers flexibility in data fields and user control
  • Three steps to implement Coperitas: Technical setup, data conversion, and consultancy
  • Options for implementation: Self-managed, combined effort, or fully outsourced
  • Support from ATG available for data problems

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