TP AI Benchmarking Tool

Benchmarking studies are an essential tool for demonstrating the arm's length conformity of transfer prices. Despite this, the process of creating them has been lengthy, costly, and dependent on personal judgment. With the help of artificial intelligence, we have been able to improve the quality of benchmark studies by making decisions more consistently and efficiently.

The WTS AI Benchmarking Tool was designed from scratch to offer a highly accurate and streamlined solution for identifying and evaluating comparable companies. The use of state-of-the-art technologies, artificial intelligence, and automation significantly simplifies and optimizes the entire process.

Here are some of the most significant features our tool offers:

• AI support: this tool uses artificial intelligence to select comparable companies more consistently and precisely. It analyzes large amounts of data in a very short time and delivers the most relevant results.
• Web scraper: Our tool visits and translates every relevant website, creating screenshots to enable comprehensive analysis. This ensures that all necessary information is available at a glance.
• Keyword filter: The keyword filter can be used to exclude comparable companies based on keywords appearing in the translated website text. This helps to refine the search for comparables, ensuring that only the most relevant companies are considered.
• Increased efficiency: Implementing artificial intelligence streamlines processes, minimizes manual intervention, and significantly increases efficiency. This saves valuable time and resources.

Additional TP and CbCR tools

In the area of TP tools, we offer specialized software solutions designed to manage the complexity of transfer pricing. Our tools help companies efficiently analyze and optimize pricing between related parties. They are designed to ensure compliance with legal requirements while safeguarding economic interests. With user-friendly interfaces and powerful analysis capabilities, our TP tools enable informed decisions that improve both tax compliance and the efficiency of international business relationships. Through automation and integration with existing systems, they help reduce administrative overhead and increase pricing transparency.

Transfer Pricing services 

Transfer pricing is now more than ever a decisive factor and the key to sustainable corporate success in international competition. We support you throughout the entire life cycle of your transfer pricing systems—from strategic design and implementation, e.g., with the help of our tools, to successfully defending your position before the tax authorities.