Case Study: Hartmann Group

Home Services Digital Case Studies Case Study Hartmann Gruppe

PROJECT

CONTACT

Transaction data analysis at the touch of a button with low-code solutions

Due to the large amount of company-specific information and data points, determining and documenting intercompany transactions is a major challenge for many companies taking a significant amount of time and tying up internal resources.

Increasing compliance and transparency requirements as well as the growing demand for operational or transfer pricing-relevant data in the context of tax audits increase the pressure to act, especially where companies have only limited resources striving to keep their compliance processes lean.

The case study with the HARTMANN Group demonstrates how we can use low-code solutions to support tax departments in better utilizing their data and optimizing their processes in line with their requirements within a moderate project timeframe.

The Hartmann Group

The HARTMANN Group is a leading European provider for medical and care products with local HARTMANN companies in more than 35 countries. As an internationally operating corporation, the HARTMANN Group meets documentation requirements in a large number of countries. The corporate tax department of the HARTMANN Group plans and manages the compliance tasks of the parent company, PAUL HARTMANN AG, and supports local tax departments of the group companies in this process.

The project

The project covered the analysis, optimization and automation of processes for the analysis of intercompany transaction data of the HARTMANN GROUP for transfer pricing documentation purposes.

Challenge / initial situation

- Manual analysis of transaction data from various sources using Excel

- Repetition of many individual work steps for a large number of companies in more than 50 different Excel files

- Time-consuming updates in various files and worksheets in case of changes compared to the previous year

Solution

- Merging of all relevant data and data preparation "at the push of a button"

- Automated calculations and grouping into transaction groups using assignment rules

- Automated plausibility checks and data validation steps

- Output of a transaction matrix for each company in the desired format

Our approach

- Status quo: analysis of current processes, weaknesses and improvement potential

- Target vision: definition of the optimization and automation strategy for future target processes

- Implementation with advanced analytics solutions already available within the company

Added value for the practice

- Streamlined processes following the combination of process optimization and automation

- Time savings as relevant data is simultaneously processed and repetitive manual steps are eliminated

- High flexibility and easy implementation of changes

- Improved transparency thanks to comprehensive data overview and automated checks

- Increased reliability of processes and traceable documentation of work steps

About the publication

In detail

Case Study

The practical example of the HARTMANN GROUP shows the general requirements and challenges in determining the transaction matrices required for transfer pricing documentation and explains how the transformation away from time-consuming manual processes to an optimized, largely automated creation process can succeed. transformation from time-consuming, manual processes to an optimized, largely automated creation process. The case study was presented in issue 50 of DER BETRIEB from 11.12.2023.

To the publisher

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

Michel Braun

Partner Digital

Digital Transfer Pricing & AI

Certified Tax Advisor

Dusseldorf

+49 211 200509-42

View Profile

Main Contact

Miriam May

Director Digital

Digital Transfer Pricing & AI

Nuremberg

View Profile

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.

Contact