a smarter, simpler way to transfer …...design excel surveys, questionnaires and other tp templates...
TRANSCRIPT
CAITLYN RICHARDS, SENIOR SOLUTION CONSULANT MARCH 25, 2014
A SMARTER, SIMPLER WAY TO TRANSFER PRICING SUCCESS
AGENDA
• THE CHANGING TRANSFER PRICING
LANDSCAPE
• TOP 3 TECHNOLOGY AREAS SIMPLIFYING
TRANSFER PRICING
• A SMARTER TRANSFER PRICING LIFECYCLE
• Q & A
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TOP 3 TECHNOLOGY AREAS SIMPLIFYING TRANSFER PRICING
WORKFLOW
Challenge
• Need for worldwide coordination,
collection and collaboration
What
• Document Management
• Centralized storage of intercompany
agreements and supporting
documentation for audit purposes
• Data Collection
• Corporate Cost Allocation Surveys
• Functional and Risk
Questionnaire/Surveys
• Process Management
• Track Global Deadlines
WORKFLOW
DATA MANAGEMENT
•Automate and track data for:
•Corporate cost allocation
•Intercompany transaction ggrids
•Functional questionnaires
PROCESS MANAGEMENT • Project & task management
• Manage all transfer pricing processes from
planning, monitoring, documentation, and
audits
• Proactively track status of various transfer
pricing projects
Manage and Store Transfer
Pricing Documents
•Intercompany Policies, Supporting Financials,
Email Correspondence, Survey Responses
Track key Transfer Pricing
deadlines
•Robust global content to manage transfer
pricing documentation deadlines
•Publish and track external and internal due
dates
ONESOURCE
Transfer Pricing
DATAFLOW PROCESS MANAGEMENT
Dynamic reports driven
by ONESOURCE data
Request forms sent to
data providers (Foreign
Controllers, Business Heads,
etc.)
Design Excel surveys,
questionnaires and
other TP templates
Data providers fill out
DataFlow templates
Convert to secure web-based
Excel form (DataFlow templates)
Push to ONESOURCE
Transfer Pricing Products
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WORKFLOW
Challenge
• Need for worldwide coordination,
collection and collaboration
What
• Document Management
• Centralized storage of intercompany
agreements and supporting
documentation for audit purposes
• Data Collection
• Corporate Cost Allocation Surveys
• Functional and Risk
Questionnaire/Surveys
• Process Management
• Track Global Deadlines
Benefits
• Effective internal controls
• Repeatable processes
• Compliance with global deadlines
• Increase collaboration and ability to share
documents across departments
• Improve data quality
• Reduction or elimination of manual
processes
• Time savings
• Visibility on status and compliance
around the world
TOP 3 TECHNOLOGY AREAS SIMPLIFYING TRANSFER PRICING
IMPLEMENTATION & MONITORING
Challenge
• Time intensive manual processes and
disparate systems make it difficult to review
results on a timely basis
What
• Aggregation of multiple data sources
into a single repository
• Centralization and standardization of
transfer pricing calculation and
allocation
• Real-time monitoring of transfer pricing
results as compared to policy
• Proactive management of intercompany
pricing
• Management analytics & modeling
ONESOURCE OPERATIONAL TRANSFER PRICING
IMPLEMENTATION & MONITORING
Challenge
• Time intensive manual processes and
disparate systems make it difficult to review
results on a timely basis
What
• Aggregation of multiple data sources
into a single repository
• Centralization and standardization of
transfer pricing calculation and
allocation
• Real-time monitoring of transfer pricing
results as compared to policy
• Proactive management of intercompany
pricing
• Management analytics & modeling
Benefits
• Optimization of transfer pricing policy
• Elimination of double taxation
• Increased useful level of detail
• Greater precision
• Increase speed of performing calculation
• Enhanced forecasting and modeling
• Global visibility & control
TOP 3 TECHNOLOGY AREAS SIMPLIFYING TRANSFER PRICING
DOCUMENTATION & BENCHMARKING
Challenge
Documentation is an expensive and
burdensome process. External and internal
factors make it difficult to consistently comply
with all jurisdictions
What
• Software allowing global tax teams
access from any location
• Step-by-step process to address the
components of documentation
requirements
• Document entire comparables search
process, run PLIs and working capital
adjustments, set arm’s length ranges
and document CUP/CUT analysis more
effectively.
• User-defined reporting
ONESOURCE TRANSFER PRICING
DATA
• Worldwide Public Data (CPM/TNMM) – Thomson Reuters Fundamentals
– Global coverage of all public companies
– Over 70,000 company records
• Worldwide Private Data (TNMM) – Thomson Reuters Global Private Company Database
(Oct. 2013)
– Estimated coverage of 124 countries worldwide
– Estimated 2+ Million company records worldwide
• Intangibles Data (CUT/CUP) – ktMINE Royalty Rate Finder Database
• Loan Data (CUP) – Thomson Reuters DealScan Database
DOCUMENTATION & BENCHMARKING
Challenge
Documentation is an expensive and
burdensome process. External and internal
factors make it difficult to consistently comply
with all jurisdictions
What
• Software allowing global tax teams
access from any location
• Step-by-step process to address the
components of documentation
requirements
• Document entire comparables search
process, run PLIs and working capital
adjustments, set arm’s length ranges
and document CUP/CUT analysis more
effectively.
• User-defined reporting
Benefits
• Substantial costs savings
• Defendable process
• Efficient production of documentation for
single or multiple tax authorities
• Greater control over your documentation
process
• Retain institutional knowledge
• Ensure consistency across jurisdictions
• Shared platform with user control benefits
• Minimizes year-over-year rework
A SMARTER TRANSFER PRICING LIFECYCLE
BENCHMARKING DOCUMENTATION OPERATIONAL TRANSFER PRICING
WORKFLOW
