ONESOURCE Operational Transfer Pricing offers greater precision, transparency and compliance
Ground breaking technology helps streamline transfer pricing process at Ford Motor Company
ONESOURCE Operational Transfer Pricing is a ground breaking technology that enables multinational companies to more effectively and efficiently manage transfer pricing data, compliance and reporting in real time and one of the leading automobile manufacturers is experiencing the benefits first-hand.
Developed in response to global industry challenges, ONESOURCE transfer pricing collects, validates and standardizes data from multiple ledgers into a centralized system, providing reporting visibility on demand instead of the traditional yearly process. This allows tax professionals to monitor and proactively respond to transfer pricing results well before their books close, ensuring compliance, maximizing efficiency and minimizing risk.
Elizabeth Blatchford is manager of transfer pricing strategy and analysis at Ford Motor Company, an early adopter of the product. “Our team needed to streamline an extremely labor-intensive transfer pricing process,” she explains. “With ONESOURCE Operational Transfer Pricing, reporting that used to take four months can be done in just a week, allowing us to reallocate our resources to more strategic activities.”
Watch the video and learn more about how ONESOURCE Operational Transfer Pricing is at work at Ford Motor Company.