Operational transfer pricing technology

Everything revolves around data. Operational transfer pricing technology and related technology is becoming increasingly important. Why? Because using data analytics for tax purposes provides you with insight. It also makes it possible to reduce the number of processes that have to be performed manually and keeps errors to a minimum.

Transfer pricing technology can be used for:

  • Performing risk analyses (for example for Country-by-Country reporting)

  • Performing benchmark studies

  • Cost allocation determination

  • Monitoring and setting intercompany prices

  • The overall identification of potential improvements to the transfer pricing system

Transfer pricing technology can also be used to easily prepare, manage and store transfer pricing documentation. Tax and transfer pricing technology are best used and implemented together with sound policies, procedures and processes.

Which transfer pricing technology should you use?

We would be happy to discuss which TP technology would best suit your business. In doing so, we not only consider KPMG tax technology tools but tax technology tools developed by third parties. We also look at the technology currently in use in your business and if it could be used for transfer pricing purposes.

Our approach to TP technology

Our approach is scalable and can be adjusted depending on your needs and the size of your business. Our approach includes:

  • Reviewing and defining processes and controls

  • Selecting and implementing appropriate technology to automate parts of the transfer pricing processes

Tax technology tools, including advanced data analytics, can also be used in other tax areas. Our Digital Gateway platform can be used for transfer pricing documentation management and insights, as well as for other tax compliance requirements.

KPMG Digital Gateway technology

KPMG Digital Gateway is a proprietary, cloud-based platform that helps companies adapt to the ever-increasing expectations of internal stakeholders, management, business partners, and regulators.

KPMG Digital Gateway enables companies to assess their global landscape with advanced analytics and reporting. By using this technology your global tax team can improve tax-function governance, manage risk, and provide actionable insights. Our transfer pricing specialists work closely with KPMG Meijburg & Co tax technology and transformation specialists to provide you with the solutions best-suited to your business.

More information on transfer pricing technology?

Would you like to receive more information about transfer pricing and our tax and transfer pricing technology? Meijburg & Co would be happy to discuss this with you. Feel free to contact one of the specialists listed below. 

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