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Greg Saint James — VP Global Marketing Aibidia

The Aibidia Digital Transfer Pricing Platform goes well beyond transfer pricing documentation to cover advanced analytics for Country-by-Country (CbC) and Value Chain, which are increasingly important in explaining and defending transfer pricing strategy to tax authorities. The Aibidia team has spent a significant amount of time developing visualization options in both areas to help tax teams gain more insight from these typically complicated data sets. Our visual dashboards are even interactive, allowing the viewer to dive deeper into the data and model various scenarios in real-time.

In developing the analytics capabilities for…


Brigitte Baumgartner Garcia — Aibidia Digital Transfer Pricing Advisor

Introduction

We have always been surrounded by data. What has changed in the last few years that has made data more relevant now than ever is, however, the ways in which we utilize this data. With social media, online activities, and digitization of our personal data, our information is being used to define how we interact with everything around us. In the corporate world, this use of data relates to artificial intelligence, improved analysis, predictions, and automation of processes. By affecting industries of all kinds, from service providers to healthcare, construction…


Hannu-Tapani Leppänen — CEO and Founder of Aibidia

When I explain that I’m building a new company to digitalize transfer pricing, the reaction is typically positive and goes something like this — “Oh that’s great that you’re doing a startup. What round of funding are you in?” Follow-on discussion includes talk of whether my company offers free lunches, if employees ride around the office on skateboards and are surrounded by dogs, and if we have a cool loft office. I welcome the warm embrace and enthusiastic support offered by everyone.

However, I wonder if this romanticized vision of a “startup”…


Max Stobbe and Simo Leppänen — Aibidia Transfer Pricing Directors

Put yourself in the position of tax authorities. There is limited time and resources available for tax audit such that risk assessment tools are used to identify high risk taxpayers and arrangements. Country-by-Country (“CbC”) reports, in combination with other sources of information, provide a useful source of global taxpayer data in standardized format that can be added to existing risk assessment tools. …


Brigitte Baumgartner Garcia — Aibidia Digital Transfer Pricing Advisor

Due to its very particular processes, the area of transfer pricing is suitable and ready for digitalization. In general, the finance and tax function encompasses many processes that can be part of this new 4.0 era. Digitalization impacts three different levels: products and services, procedures and decisions, and new digital business models.

The first of these, the digitalization of products and services, can be experienced in many different areas. For example, items may now equipped with sensors and actuators, the kind of digitalization that be seen in many home appliances. The…


Tapio Pitkäranta, Chief Technical Officer Aibidia

When I was first approached about the CTO Role at Aibidia, I felt here is and transfer pricing industry expert on the path that I have seen in other industries before. As someone without a deep finance background, I knew it was “there” just like other finance areas, but I didn’t realize just how important transfer pricing is to the strategy of every multinational organization. However, my interest was piqued after just a small amount of research revealed the real (and ever-increasing) significance of transfer pricing. …


Max Stobbe — Digital Transfer Pricing Director, Aibidia

As a transfer pricing consultant, I sometimes couldn’t see the wood for the trees at the end of the documentation season. Preparing documentation for large clients operating in more than a dozen countries could represent a daunting task. The issue was often getting lost in ensuring content consistency across reports at the cost of losing the big picture. If you are in a similar situation or need to cross-check your advisor’s deliverables, take a step back and answer the following 5 questions:

  1. What type of documentation do you exactly need to have…


Simo Leppanen — Chief Analyst at Aibidia

Multinationals are faced with an increasing level of transfer pricing (TP) compliance requirements amid recent efforts by tax regulators to address international tax challenges. Stricter compliance means taxpayers need to prepare more detailed documentation on intercompany transactions as well as comply with new format requirements as in the case of the Country-by-Country (CbC) reports. Also, tax administrations are increasingly exchanging data with each other. Thus, generating the required volume of compliance documentation and to be sure that the disclosed data is inline all across can be quite a daunting task for in-house TP…


Tapio Pitkäranta, Chief Technical Officer Aibidia

I have been lucky to lead hundreds of cloud software development projects focused on automation across the healthcare and retail industries. When Aibidia CEO and Founder Hannu-Tapani Leppänen shared his vision of radically transforming the transfer pricing space, currently over-burdened with data-entry and document collation, I saw the same data and metadata driven challenges and opportunities that I have previously seen. I was sure that the same kinds of transformation I had driven before would again make a big impact. …

Aibidia

Deep expertise and cloud software to optimize transfer pricing, serving customers across the globe. Proudly made in Finland!

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