With current delivery models, 60%* of global TP decision makers think there is room for improvement in their compliance and documentation process.

We recommend starting by looking at the processes and documentation that already exist. Our priority is to get the job done and get it done right. Look at resource levels in each area, existing and needed processes. We will work together with you to review risk levels for jurisdictions, entities, transactions, and assign resources accordingly.

By the time we’ve drawn up a plan, we will have considered the expectations and deliverables across all areas. We will provide a clear view of what is needed and recommendations as to how to meet those demands.

Tax authority demands for localized information continues to put pressure on TP teams. 77%* of global TP decision makers disagree that most tax administrations will interpret the proposed changes to the TP Guidelines in a consistent manner. Hence, we find a modular approach, the most efficient way to gain consistency but still allow for local flexibility. For those businesses who are ready, we can translate this into our web-based application that takes some of the legwork out of it.

A modular approach also lets us focus resources on the high value, strategic or significant transactions, rather than an indiscriminate approach. This balance between consistency and localization, with a focus on key areas, supports businesses being audit-defense ready.

The objective is to provide visibility, transparency, and governance globally. Our process allows for real-time information; to meet deadlines, manage risk, and support compliance globally and locally.

Data analytics together with our insights on upcoming policy changes, can mean that adjustments and revisions can occur in real time, rather than retrospectively.

Documentation should go beyond compliance. Once the day-to-day and year-to-year compliance is running smoothly, let’s consider the future. It is known that the potential of TP documentation is not fully realized. This might be to provide a base to work up an audit-ready position, develop policies and standard positions globally, manage and reassure stakeholders, identify potential opportunities and enable creative thinking, provide analytical reviews, produce an executive summary for the management and add value in other ways. We want to help you future-proof your business.

We understand that underlying the challenge of all this is the constant pressure on budget and cost. We look at how we can reduce the global cost of delivery, together with the global tax risk. Ultimately though, your stakeholders aren’t just looking at reduced cost. We need to add value.

We work with your teams to build stronger partnerships in the wider business to leverage data and deliver commercial value. The result of our process improvement will be improved quality and availability of data and this can drive significant gains.

Go further than just cost and efficiency gains. Free up talent, leverage the power of data, explore the undiscovered, and find something new.