Operational transfer pricing remains a challenge
Country-specific tax and legal requirements, currency fluctuations, complex corporate structures and often inadequate data quality make operational transfer pricing (OTP) and service billing difficult. Doing without them is not an option. After all, OECD-compliant group accounting not only reduces liability and compliance risks, but also supports the financial management of the company.
OTP
Operational Transfer Pricing (OTP) aims to reliably comply with the tax regulations of different countries. This is because multinational corporations are legally obliged to charge internal services, such as the provision of IT, accounting or logistics services, to the respective service recipients at fair market prices. insightpro makes this task considerably easier.
BEPS
The "Base Erosion and Profit Shifting" (BEPS) action plan was published by the OECD in 2015. It aims to make the taxation of multinational companies fair and transparent. A total of 15 initiatives - including rules for transparent offsetting, documentation and market-based pricing of internal services - are intended to help combat profit shifting and profit reductions.
How to give your intercompany service charging a boost
9 out of 10 companies consider it extremely important to ensure legal tax certainty when structuring transfer prices. And for good reason, as tax authorities are increasingly scrutinizing intercompany service charging. Nevertheless, the majority of companies still do not fully digitize their operational transfer pricing. In many companies, planning, billing, reporting and monitoring processes are still largely carried out manually on the basis of spreadsheets. The same applies to the documentation of internal service billing.
Our insightpro OTP software proves that there is another way. It automates billing and makes value flows traceable end-to-end at all times - from the imported cost data record to the invoice and true-up.
Make your operational transfer pricing fit with insightpro
Less effort
With insightpro, even highly complex charging scenarios for intra-group services can be automated end-to-end, and the required data can be prepared and billed automatically.
Fewer risks
With insightpro, you set the course for reliable processes and structures in intercompany service charging. The potential for errors decreases and tax risks are reduced
More transparency
With insightpro, charging processes can be tracked from A to Z - at the touch of a button. This makes it easy for you to answer questions from your service recipients and auditors.
Better control
With insightpro, you can manage roles and rights centrally and ensure that rules and specifications are implemented reliably.
Your advantages with insightpro
Holistic
insightpro creates the foundation for end-to-end automation of all service charging processes.
Transparent
insightpro ensures that you can track value flows at the touch of a button, even in years to come
Secure
insightpro reduces tax risks such as double taxation, penalties and interest on tax liabilities.
Get in touch with us now
