Increasing globalization is driving tax authorities from around the world to focus on tax enforcement related to intercompany transfer pricing. As a result, multinational corporations are re-evaluating their operational transfer pricing processes. Cost transparency has become a top strategic initiative as the various regulatory burdens become heavier. This trend continues as the OECD continues to influence policy and procedures for greater transparency and stricter administration for tax reporting.
How can businesses cope with the increased regulations that are highly dependent on controlled and auditable processes, as well as increased calls for transparency to support allocation methods and metrics?
ADI’s solution is delivered using the Oracle Hyperion Profitability and Cost Management application (HPCM) which is a leading business application that supports the operational transfer pricing life cycle. HPCM is part of Oracle’s Enterprise Performance Management (EPM) Suite and provides the consistent regular controls, audit defense support, transparency and user-friendly functionality that are required to support necessary regulations. This solution provides your organization with the ability to find deeper insight into costs, eliminate manual processing, and provides improved business decisions and accountability across both tax and finance.
Watch a pre-recorded webinar featuring PricewaterhouseCoopers and ADI Strategies on the topic of Best Practices in Transfer Pricing. This webinar walks through the implications of transfer pricing at your business, and discusses how HPCM provides the power to support these needs.
To find out more about ADI’s Operational Transfer Pricing Solution, click here.