Intercompany effectiveness: operationalizing transfer pricing
As multinationals expand their global footprint, the complex task of managing intercompany relationships and transfer pricing arrangements across multiple jurisdictions is increasingly challenging. CEOs and CFOs need to know that maximum value is derived from business operations. A lack of alignment of transfer pricing strategy with the operational side of the business can lead to an incorrect or suboptimal allocation of returns across the internal value chain, which can create transfer pricing risks with the fiscal authorities. Accordingly, business executives want to control transfer pricing, especially to the extent that it can be a tool to
- Increase efficiency
- Drive business value
- Manage compliance and risk
With proper steering of transfer pricing adjustments, the risk of delayed arrangements to correct or compensate inappropriate profit allocations is mitigated. Implementing a robust, commercially-aligned process for planning, setting and monitoring transfer prices can significantly reduce fiscal risks and also free up resources for more value-added activities.
This webcast will discuss:
- Identifying and isolating common pain points
- Benefits of automating your transfer pricing design
- Implementing ERP-enabled transfer pricing solutions