Case Study: WTS TPcompiler

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INTRO

PROJEKT

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Creation of local files at the push of a button

The preparation of transfer pricing documentations continues to take a lot of time for most companies. There are opportunities for optimization, especially for companies with limited resources striving to keep their compliance processes lean.

In the following case study, we present the WTS TPcompiler, an innovative alternative to the widely used documentation solutions on the market which we have already successfully implemented for our clients in global documentation projects. We offer the WTS TPcompiler both as an on-premise solution and as a service.

User-friendly and efficient

Specifically developed to meet the needs of both smaller and larger clients, the WTS TPcompiler is characterized by its user-friendliness and efficiency. It allows users to work within the familiar Word- and Excel worlds, thus minimizing the time needed for onboarding and training.

The Project

The project involves the automated creation of Local Files for more than 50 companies based on a modular documentation approach. Company-specific information is systematically collected and checked to ensure the quality of the data that is then processed in the Local Files.

Challenge / initial situation

- Manual creation of Local Files using company-specific data from different sources
- Repetitive execution of many individual work steps for a large number of companies and Local Files in separate Word documents
- Time-consuming updates in various files in case of changes compared to the previous year

Solution

- Automated generation of Local File templates for each company "at the push of a button" pre-filled with the relevant company-specific data

- Templates based on a modular documentation approach in accordance with the OECD Guidelines using standardized modules

Standardized questionnaires with company-specific data for each company

- Further editing and review of the Local Files performed in the (familiar) Word format

Our approach

- Transfer of existing documentation templates into a standardized format following a modular documentation approach in accordance with the OECD Guidelines with corresponding placeholders for company-specific data

- Coordination of the required categories for company-specific data in the standardized questionnaires

- Technical implementation within the framework of the common advanced analytics solution Alteryx

- As needed, handover of the WTS TPcompiler including onboarding and training

- Optional: expansion of solution by additional TP compliance products (transaction analysis) and automated data checks

Added value for the practice

- Time savings as data is automatically processed into the target format and repetitive manual steps are eliminated

- Harmonization of data sources and Local Files

- High flexibility and easy implementation of changes

- Scalable to a large number of companies and Local Files

- Increased reliability of processes and traceable documentation of work steps

- Cost-effective alternative compared to other documentation solutions

- Low technical implementation effort and quick onboarding

In detail

Do you already know the WTS TPcoordinator?

The WTS TPcoordinator is a system-supported solution to facilitate the collection of transfer pricing relevant data and the coordination of various contacts within the company. With the integration of TPcoordinator and TPcompiler, you can tackle your documentation process end-to-end.

Contact

Would you like to find out more about the case or your own optimization potential? Please let us know. Please fill in our short contact form. We will get in touch with you as soon as possible.

Main Contact

Miriam May

Director Digital

Digital Transfer Pricing & AI

Nuremberg

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Main Contact

David van Leuven

Senior Manager Digital

Dusseldorf

+49211957828537

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Contact us today

Do you have any questions about our services or WTS? Please let us know. Please fill in our short contact form. We will get in touch with you as soon as possible.

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