TP Documentation & Coperitas part B

Summary

“TP Documentation & Coperitas” provided attendees with valuable insights into optimizing transfer pricing (TP) documentation through strategic approaches and automation. The session began with an introduction to a TP calendar for 2022, discussing various types of deadlines and the advantages of automation software in enhancing efficiency and ensuring compliance in documentation processes. Attendees learned about the benefits of Coperitas software, including cost savings and the creation of a centralized work environment for tax teams, which allows them to focus on value-added tasks. The discussion extended to the timing and implementation of automation, addressing common barriers to adoption and emphasizing how Coperitas can adapt to different enterprise resource planning (ERP) systems. Key takeaways included the necessity of establishing a TP calendar, contemplating automation adoption, and evaluating existing documentation processes for improvements.

• Introduced a practical tool for creating a TP calendar for 2022
• Discussed four types of deadlines: hard, 30-day, 60-day, and no deadline
• Highlighted the benefits of automation software for meeting deadlines
• Emphasized the shift from project-based to process-based TP documentation
• Discussed resource allocation: outsourcing vs. insourcing
• Addressed the importance of knowledge in TP documentation

• Outlined reasons for choosing automation in TP documentation
• Highlighted cost savings by reducing reliance on local advisors
• Discussed the flexibility and broad applicability of Coperitas software
• Emphasized the importance of a central professional work environment for tax teams
• Explained how automation frees up time for value-added work and monitoring

• Discussed the right timing to start automation
• Addressed common excuses for not implementing automation
• Highlighted the flexibility of Coperitas in adapting to ERP system changes
• Presented business cases showing reduction in TP documentation efforts
• Discussed misconceptions about automation for young companies and scale-ups