Global Profit Monitoring
Creating a Tax Business Process
Even though we talk about taxes, we approach operational transfer pricing as a business process. Thus, it is always good to first embed healthy tax processes and work on a robust data sanitization. Experience has shown that it is worth performing a technology readiness check of the company; the check helps to assess whether partial or complete automation of the transfer pricing process, from data extraction on a transactional level to reporting and dashboarding, is possible.
The automation of an operational transfer pricing process can be illustrated as follows
You can read more about dashboarding here.