Intercompany & Transfer Pricing
AUTOMATE YOUR ENTIRE INTERCOMPANY & TRANSFER PRICING PROCESS
With one seamless soltution, extract and align data from multiple ERPs and other sources. Enable intercompany teams to focus on optimal goods and services pricing, not mundane reconciliations and data validation. PlaidCloud’s solution can modernize your company’s management of intercompany goods and services pricing, invoicing and reporting. Reduce the risk for audit irregularities with our automated intracompany solution. PlaidCloud is your one-stop shop for automating your end to end Transfer Pricing and Intercompany processes. Request a demo below >
Key Features
INTERCOMPANY
- Automated end-to-end workflow
- Simultaneous posting of sending and receiving entries
- Invoice creation & attachment
- Driver-based allocations of shared charges
- Country-compliant calculations including markup, VAT, WHT
- Reconciliation of AP / AR across entities and ERP systems
- Clear and defensible audit trail
TRANSFER PRICING
- Intelligent price change recommendations
- Automated price adjustments
- Rules based determination of transfer pricing method
- Profit monitoring by segment, function
- Automated exception handling
- VAT, GST, & WHT rules and integrations
- Country by Country (CbCR) reporting
- Tax compliance support
Global Intercompany Invoicing & Tax Compliance
Generate and post coordinated invoices across multiple ERP systems, entities, and offline companies. Enable auto-calculation of VAT, GST, Withholding & local taxes on an invoice line item basis. Handle the reality that entities often reside in multiple ERPs or offline systems with manual integration.
Flexible & Automated
Create a flexible, automated invoicing solution that prevents month-end intercompany issues and keeps your tax and contract teams in compliance.
Automate & Monitor Invoicing Process
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Generate and post coordinated invoices across multiple ERP systems, entities, and offline companies.
Connect to Unlimited Data Sources & Systems
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Use PlaidCloud’s native data enrichment functionality to connect and integrate to any system, data source and file type.
Automate Allocations
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Automated classification, grouping and allocations based on rules and assignments.
Monitor Costs & Contract Compliance
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Monitor costs and charges at the entity, country, region and charge type levels vs. historical and target. Develop views for intercompany contract teams.
Calculate Markups, VAT & Withholding Tax
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PlaidCloud provides auto calculation of VAT, GST, Withholding and local taxes.
VAT and WHT rates can be sourced from a system of record or configured on a case-by-case basis.
Enhanced Support for Tax Teams
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PlaidCloud provides specialized views for tax support, to ensure intercompany invoicing tax compliance.
Automate the Entire Intercompany Invoicing Process
Centralized solution that unifies the entire intercompany invoicing process.
Intercompany Balancing & Resolution
Coordinated invoicing across global ERP systems with workflows that automate the end-to-end process and leverage golden source information. PlaidCloud facilitates transactions by handling intercompany billing, which includes the allocation calculation for service recharges, markup provisions, tax calculations (VAT, GST, WHT), and itemized invoice creation. PlaidCloud automates journal entries for both intercompany-related parties (the seller and the buyer) and helps identify intercompany exceptions. Intercompany elimination is a critical month-end activity to close the balance sheet without top-side adjustments. PlaidCloud also attaches the invoice document to the associated journal entries to substantiate the Intercompany Transaction.
Improve Accuracy
Automate intercompany AR/AP entries and post back to ERPs in real-time, eliminating the manual effort
and improving the accuracy of transactions.
Goods Transfer Pricing
The PlaidCloud Goods Transfer Pricing Solution enables automated calculation of P&L across an unlimited number of entities and segments down to the SKU level. Easily customize the business segmentation and define by any number of dimensions. Proactively manage goods transfer prices on a monthly basis. Handles the reality that entities often reside in multiple ERP systems or in offline systems with manual integration.
Automated Calculation of Segmented P&L and Precise OPEX Allocation
Allocate OPEX With Precision
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Point & click rule-based assignments configured & maintained easily.
Provides responsive and accurate system over time.
Share Outputs With Stakeholders
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Report revenue, profit and other key measures by country.
Monitor YTD margins to anticipate price changes.
Be more efficient when accurate P&L data is readily available.
Calculate & Submit Updated Transfer Prices
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Manage transfer pricing process from source data to price resets & reporting.
TRUSTED ACROSS ALL INDUSTRIES
CUSTOMER SUCCESS STORY
Where We Have Added Real Value.
FORTUNE 500 Manufacturing Customer
$3 Billion Dollars of Intercompany Transactions Processed Annually
4 Day Reduction of Close
9,000 Intercompany Invoices Generated Monthly
70% reduction in FTE Processing Intercompany Activities
Manual Intercompany Invoicing Pitfalls & Issues
This post covers some of the issues multinational companies face when employing a manual intercompany invoicing process. A manual monthly process at a large multinational corporation requires many...
Intercompany, The Aftermath!
Guest Article by Pheona Bowser Certified Scrum Product Owner | Global Transformation Leader | ERP Implementation | Continuous Improvement | Intercompany Process Owner, Nashville, Tennessee As...
Software Application Features in Transfer Pricing
For multinational corporations, transfer pricing and its interaction with tax authorities continue to garner higher amounts of government attention. International tax codes, OECD guidelines, and...
TRUSTED ADVISORS
We’re your team.
PlaidCloud is made up of highly respected functional and technical experts with deep analytical, technical, and project management skills and backgrounds. We have decades’ worth of financial analytics and system implementation and optimization experience working for global, Fortune 500 organizations. Coming from both industry and the biggest consulting shops in the world, we’re excited to share all our hard-earned expertise with you and become your trusted advisors in building a best-in-class technology solution.
Start with a conversation.
Turn your company’s financial and operational data into actionable insights with impact.
Contact PlaidCloud to get more information and request a demo - info@plaidcloud.com.
- Connect
- Collaborate
- Enrich
- Deploy
- Visualize
- Scale
Start with Pre-Built Flexible Solutions
PlaidCloud's AI managed infrastructure ensures the technology is always there when you need it and self-heals so you never have to worry. Batteries included, nothing to install or settings to decide. Focus on analysis and insights. Leave the tech to us. Fast and complete, everything you need from data collection with powerful transformations to beautiful dashboards. All built for speed on any size data.
Intercompany & Transfer Pricing
Generate & post invoicing across multiple systems.
Enterprise Profitability
Calculate net margin by customer, channel and product.
Supply Chain
Seamlessly monitor even the most complex network.
Data Wrangling
Pipeline from source data to Apache Superset charts & dashboards.
