Transfer_Pricing_Brochure_Draft_V1

See the whole pictureBe confident you can see everything you need to.ONESOURCETM Transfer Pricing solutions gives youfull visibility across your business landscape. ONESOURCETM Transfer Pricing Solutions



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The transfer pricing landscapeIn an increasingly global economy, balanced with a continuous drive to be competitive, managing transfer pricing effectivelybecomes ever more significant. With the transparency and consistency required by global regulation including the OECD’s BEPSAction Plan, it is crucial that you plan a comprehensive transfer pricing solution to maximise efficiency and mitigate risk.Understanding your challengesAt Thomson Reuters, we understand that implementing a Internal pressures:transparent and consistent transfer pricing strategy brings Internal pressures make collaboration and communicationsignificant challengesfor global organisations and their difficult and the challenge of external transparency is heightenedtax departments. where internal transparency has not been achieved. Gaining internal buy-in and collecting factual information from stakeholdersData visibility: is crucial to understanding the impact decisions have on transferIt is not easy to see the big picture when using tools that are not pricing, and the facts around various intra-group relationshipsfit for purpose. Using manual processes and data from a variety within the organisation.of different systems can make it difficult to see everything thatyou need to. Tax departments: In a continually evolving transfer pricing environment andGlobal compliance: with limited resource, all eyes are on the Transfer Pricing teamFor a global company to be compliant in all jurisdictions means (or singular person) to deliver. Tax departments are doing thebeing confident in processes and having the ability to see the best they can but it is challenging when left without the toolswhole picture. However, the growing number of specific transfer and processes to deliver consistency, visibility and control betweenpricing requirements which are country specific and open to local and global reporting and monitoring. Technology hasdifferent interpretations increases risk. become a must have, not a nice to have, as a means of seeing the detail and solving the big picture.

Increased data quality and accuracy through automation and removing manual processesEffectively managing HIGHEST Updating policiestax risk through creating PRIORITIES proceduresa clear Transfer FOR 2018Pricing strategy and processes BIGGEST CHALLENGES FOR 2018Consolidating data Proactivelysources from ERPs being able to reviewand various systems and adjust prices Establishing a repeatable and consistent process

ONESOURCETM Transfer PricingBe confident you can see everything you need toMoving to ONESOURCE Transfer Pricing, you become equipped with the right toolsto have a clear view across the whole business landscape. You will feel confident withwhat you can see now and you can feel reassured that your future will contain nohidden surprises.Looking more closely gives you transparency and clarity, and brings a sense ofconfidence. It’s time to do away with manual and time consuming processes andtake on a purpose built solution that’s simple, intelligent and powerful.ONESOURCE Transfer Pricing.Taking control of your transfer pricing strategyONESOURCE Transfer Pricing provides you with a proactive response to thefollowing business processes and will enable you to minimise risk and maintainyour reputation.- Country by country reporting- Master file and local file requirements- Intercompany Agreements- Transfer pricing monitoring



How ONESOURCETM Transfer Pricing helpsmanage Country by Country ReportingManaging all of your Country by Country (CbC) reporting requirements across the globe is no easy task, but technology canhelp manage the moving parts. ONESOURCE BEPS Action Manager provides unparalleled value across all three key areas of CbCreporting: preparation, execution and risk management.Challenge ONESOURCE Transfer Pricing SolutionStaying on top of global developments The latest tax technology tracks CbC implementation in country by country reporting and rules in all jurisdictions worldwide, including notification requirements, filing dates and deviations from OECD guidelines.Obtaining accurate data in a timely manner from local Collect information from multiple data sources, including controllers or multiple sources source files such as trial balances by legal entity. This allows you to build a standardised and consistent world- wide tax data collection process. Knowing how to file As jurisdictions increasingly implement their own versions and variations of the standard OECD XML schema, you will be able to meet the filing requirements of local authorities through a fully auditable, easy to manage solution.Analysing country by country reports to Tax authorities are becoming increasingly sophisticated in their understand audit risk analysis of tax and tax related data. The quantity of data they are receiving is increasing exponentially as tax authorities begin sharing more and more with each other. Global organisations tell us they are experiencing and expecting a greater frequency of audits, draining tax departments of time and money in supporting tax authority enquiries.

How ONESOURCETM Transfer Pricing helpsmanage Master File/Local File and BenchmarkingTransfer pricing is one of the most significant issues that multinationals must manage in order to stay compliant and competitive within anincreasingly global economy. ONESOURCE Transfer Pricing Documenter is a complete, end to end documentation solution that combinessoftware, comparable company databases, economic support and services.Challenge ONESOURCE Transfer Pricing SolutionCompiling and centralising data A simple and consistent way to collect and compile doc- umentation, perform comparable searches and prepare and centralise reports. Having flexibility within reports With the onus of data collection being put back on technology, you can be freed up to focus on adding valueHaving access to large scale databases and enough sources of information within your organisation. The ability to create custom reports in any structure layout and format you prefer, Provisioning collaboration with saving time and increasing reporting efficiencies within colleagues across the globe your organisation. Users can also create reusable layout templates, mean- ing they can consistently manage documentation and leverage a central content report library. Access to more than 2 million private and public company re- cords, each curated specifically for transfer pricing. With market leading levels of data, you can be confident that your solution has the comparables needed to establish and defend your transfer. With an ever increasing need to gather, review and share content, ONESOURCE Transfer Pricing allows you to collaborate with colleagues on all areas of your transfer pricing documentation.

How ONESOURCETM Transfer Pricing helpsmanage Intercompany AgreementsIn order to minimise challenges from global tax authorities, ONESOURCE Transfer Pricing Intercompany Agreements (ICAs) helps youcentralise and efficiently manage intercompany agreements so that they can be properly generated, updated and analysed.Challenge ONESOURCE Transfer Pricing SolutionEstablishing ownership of the process Easily create and manage contracts in a central system to within the tax team give tax teams oversight and ownership of all ICAs across Implementing a consistent policy the organization. Increase control and transparency with flags and alerts when new transactions appear with no proper support, when ICAs are expiring, and other potential issues. Generate standard templates that can be used for all transactions in all legal entities performing the same type of function. Centralise ICA document management All ICAs are stored centrally but are easily accessible around the globe. The relevant ICA is easy to find with filters and Ability to update and create ICAs easily keyword searching. and effectively Using a predefined template to create a new ICA means justReduce the amount of time required to get an ICA a few additional fields require detail. After just a few clicks, signed and in place the agreement is ready and sent for signatures. Increase accuracy within ICAs E-signature functionality makes signature gathering faster and simpler. Reports can indicate all transactions that should be subject to an Intercompany Agreement and allow you to understand the level of coverage you have. Transactions without an Intercompany Agreement will be flagged.

How ONESOURCETM Transfer Pricinghelps to manage Transfer Pricing monitoringIn order to help multi-national corporations with their monitoring process, ONESOURCE Operational Transfer Pricing gives you the ability toaccurately and efficiently monitor your transfer pricing policy, through an automated and repeatable process.Challenge ONESOURCE Transfer Pricing SolutionGathering and consolidating data sources from ERPs Data source agnostic solution allows the leverage of and various systems data from any system (ERP, Consolidation system, dataHandling a very large volume of data and executing warehouse, spreadsheet…) complex calculations to monitor transactions in a Using big data technology to easily manage large timely manner amounts of data and to execute transfer pricing calculations in a very fast way. Transactions can be Managing and maintaining all types of transfer pricing transactions in a complex environment. monitored with accuracy on a regular basis. Proactively being able to review and adjust prices. Built by transfer pricing professionals for transfer pricing Having a consistent and traceable monitoring professionals to help manage the complexity of transfer process to share valuable information internally pricing, with little or no need for IT skills or resources. and externally when needed Manage your transfer pricing policy accurately and consistently with the ability to; • Build customized reports • Manage your forecast • Create invoices • Explore different scenarios and investigate new transfer pricing models.

Thomson Reuters ONESOURCETM Transfer PricingSolution – Why Choose Us?Trusted and reliable brand Understand stakeholder importanceThomson Reuters is the world’s leading source of intelligent We value all of our relationships, and we know you do too.information. Thousands of organizations trust us to help them Whether the focus is regulatory reporting, or a businessmake risk-aware choices. decision, getting risk information right is essential.Well-rounded suite of solutions Human expertiseOnly Thomson Reuters has such a wide range of capabilities across Thomson Reuters employs the world’s top journalists, analysts,so many of today’s crucial risk domains. We can work with your researchers, and other experts to give you the insight to helporganization in a truly connected way. you navigate the road ahead.Award winning content Proven as a partner globallyThomson Reuters is recognized as a leading source of trusted Thomson Reuters has dozens of offices around the globeanswers, winning analyst recognitions and awards around the enabling us to truly partner with your organization no matterglobe for our technology and platform capabilities. where you are locatedProven as a partner globally Reduce operational costsThomson Reuters has dozens of offices around the globe Our solutions help you focus your valuable resources whereenabling us to truly partner with your organization no they matter most to your business. We can also help improvematter where you are located. your customers’ experience.

ONESOURCETM Transfer Pricing Providing global coverage with local expertise Wherever you do business; Europe, the Middle East, Africa, Asia Pacific, Latin America or North America, the ONESOURCE Transfer Pricing suite offers a comprehensive, end-to-end solution designed to meet the needs of your organisation.In partnership with Thomson Reuters, you’ll be equipped with the transfer pricing intelligence and technology tools you need in order to see the whole picture. Contact Us To discuss your transfer pricing requirements in more detail, get in touch today *insert contact details*