Ensuring Compliance while Managing Data and Reporting Aspects of Transfer Pricing

Historically, multi-national companies have grappled with Operational Transfer Pricing (OTP)-related processes and systems in order to satisfy regulatory and business objectives. Implementation of the Base Erosion & Profit Shifting (BEPS) project by the OECD will mean increased scrutiny in the eyes of the tax authorities.
Companies are seeking to achieve transparency in OTP and monitor execution of Transfer Pricing. They expect clarity in Transfer price related transactions and reduced cost of doing business resulting in fewer audit deviations and a lower risks.

The key benefits of the OTP solution are:

• Elimination of manual creation and segmented reporting for company-wide analysis
• Management of transfer prices continuously through periodic analysis, to avoid late or end-of-year adjustments
• Continuous visibility  of Transfer Pricing risks
• Run Root-Cause-Analysis for audit findings
• Single source of truth for TP related data, information and reporting

Glownexus provides an comprehensive solution to capture, calculate, monitor and manage Transfer Pricing processes and reports helping clients to remain fully compliant with the changing regulatory needs.
The solution is cutting edge and very user-friendly and provides a greater level of control- enabling transparency and reporting insights. This will change the way stakeholders manage end-to-end Transfer Pricing process.