Checklist: 4 Steps to Evaluating Transfer Pricing Software
The latest updates to Organization for Economic Cooperation and Development (OECD) guidelines have led to increased scrutiny and enforcement of transfer pricing policies. The material risk posed by potential transfer pricing adjustments has risen so high that companies are now acknowledging a need for proactive transfer pricing within their tax departments.
As a result, transfer pricing software has seen an increase in demand from businesses that are seeking better control of and visibility into the transfer pricing process. Given the market saturation of transfer pricing software, businesses need to take a critical approach to evaluating their options and choosing the solution that best serves their needs.
If you’re researching transfer pricing software, here’s a four-step guide to help you identify the right solution for your business.