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Tax Authorities Are Inspecting Intercompany Transactions, More Specifically Transfer Pricing — Can Technology Alleviate the Problem?

Publisher IDC
Published Mar 13, 2024
Length 8 Pages
SKU # IDC18629838

Description

Tax Authorities Are Inspecting Intercompany Transactions, More Specifically Transfer Pricing — Can Technology Alleviate the Problem?


This IDC Perspective discusses about tax authorities regarding the implications of transfer pricing. These discussions encompass intercompany transactions, which involve transfer pricing and are recognized as a complex issue. Furthermore, we explore how technology can offer solutions to address these complexities. We delve into the distinctions between homegrown and software-as-a-service (SaaS) solutions concerning intercompany transactions."Many CFOs and corporate controllers are aware of the major pain points surrounding intercompany transactions, which include transfer pricing. It is not only a compliance issue from a tax view but also a major complaint internally from nonfinance functions, given companies focus on acquiring new legal entities to solve competitive advantages relating to a supply chain or an IP. Many companies ignore the technology solution that can elevate the pain." — Heather Herbst, research director, Worldwide Office of the CFO

Please Note: Extended description available upon request.

Table of Contents

8 Pages
Executive Snapshot
Situation Overview
The Office of the CFO and the Issue
Can Technology Solve the Problem?
Homegrown Solutions
Advantages
Disadvantages
SaaS Solutions for Intercompany
Benefits
Drawbacks
Advice for the Technology Buyer
Learn More
Related Research
Synopsis
How Do Licenses Work?
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