Avalara Transfer Pricing Reports for Accountants Automates Transfer Pricing Documentation
Transfer Pricing Reports for Accountants automates the transfer pricing documentation process for any firm, supplying control and visibility, while enabling firms with or without in-house transfer pricing expertise to prepare transfer pricing reports for their clients in three simple steps: data collection, documentation review, and report generation.
Firm growth and expanded client services
Avalara’s new technology creates templated reports by combining predetermined, fixed benchmarks with a guided questionnaire, designed to simplify and streamline the workflow process. With Transfer Pricing Reports for Accountants, firms can offer clients a value-added service, improve client satisfaction, and enhance their trusted advisor role by delivering timely compliance reporting to international clients.
“As clients continue to expand globally, and tax reporting becomes more expansive and complex, FGMK sees a robust transfer pricing policy as critical for multinational companies,” said
Transfer Pricing for Accountants is the latest addition to the
Key features and functionality:
-
Global compliance. Supporting documentation requirements of
U.S. regulations and countries that have adoptedOECD guidelines, covering both local file and master file. -
Predetermined global benchmarks. Built-in data is fixed and objective, based on best practices from publicly available data, covering the
Americas ,Europe , andAsia . - Self-guided questionnaire. Simplify the data collection process through an intuitive, dynamic, self-paced workflow that prepopulates based on transaction types selected.
- Compliant reports. Includes built-in, noneditable date and time stamps, benchmark-related appendices, and analysis on the best method.
- Firm visibility and management tools. Access robust management tools with built-in visibility and tracking.
“We recognize that transfer pricing complexity is an increasing pain point for growing businesses, so today’s announcement represents an important addition to the
Find more information on Avalara Transfer Pricing Reports for Accountants here.
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