Entity management & transfer pricing
Summary
“Entity Management & Transfer Pricing” provided a comprehensive overview of legal entity management and its integration with transfer pricing through Coperitas software. Beginning with an introduction to the importance of legal entity management, the session highlighted the specific needs of tax professionals for streamlined data access, especially in light of common challenges such as lengthy documentation processes and complex systems. Participants engaged in discussions around varied scenarios faced by organizations, revealing that a significant majority still rely on manual creation of legal charts. The Coperitas solution was presented as a flexible tool capable of sourcing data from existing systems, allowing for customized visualizations and efficient legal structure management. Different implementation options were discussed, catering to user needs while reducing risks associated with manual errors. Attendees were invited to register for an upcoming webinar on budget and time savings, as well as schedule demos to explore Coperitas further.
Introduction and Agenda (00:06 – 03:38)
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Webinar on entity management and transfer pricing
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Previous webinar focused on data handling and transparency software
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Agenda: Introduction to legal entity management, scenarios and challenges, Coperitas software capabilities
Legal Entity Management Overview (03:39 – 09:28)
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Comparison of legal entity management to a Swiss Army knife
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Transfer pricing needs are more focused than full legal entity management
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Tax professionals need specific, limited data for legal entities
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Coperitas designed for tax and transfer pricing professionals
Scenarios and Challenges (09:29 – 20:51)
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Three scenarios discussed: no automated system, system owned by legal department, system with access but complex
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Poll results: 80% create legal charts manually, 20% use automated systems
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Challenges: Time constraints for documentation requests, difficulty navigating complex systems
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Need for efficient access to relevant data for tax professionals
Coperitas Solution (20:51 – 30:52)
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Sources data from ERP or existing legal entity management software
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Flexible setup allows for basic or extended data inclusion
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Automatic visualization of legal structures and reporting lines
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Label management system for custom visualizations (e.g., IT structures, royalty structures)
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Ability to visualize matrix-type organizations and reporting lines
Implementation and Usage (30:57 – 41:06)
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Three implementation options: lean setup, assisted setup, full conversion
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Legal entity management included in all versions of the tool
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Customizable to user needs and can grow with future requirements
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Helps manage risks and exposures by reducing manual errors
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