Tax compliance resolution supplier Avalara introduced the discharge of its new Switch Pricing Experiences for Accountants, which automates the switch pricing documentation course of whereas enabling corporations — no matter whether or not they have in-house switch pricing experience — to organize switch pricing reviews for his or her purchasers in three steps: knowledge assortment, documentation overview, and report technology.
Options of the brand new device embrace:
- Help for documentation necessities of U.S. laws and international locations which have adopted OECD pointers, protecting each native file and grasp file;
- Predetermined world benchmarks based mostly on greatest practices from publicly out there knowledge within the Americas, Europe and Asia;
- Self-guided questionnaires that information automated pre-population based mostly on transaction kind;
- Compliance reviews with build-in, noneditable date and timestamps, benchmark-related appendices and evaluation on greatest strategies; and,
- Agency visibility and administration instruments.
“We acknowledge that switch pricing complexity is an growing ache level for rising companies, so in the present day’s announcement represents an necessary addition to the Avalara for Accountants suite for corporations of all sizes,” mentioned chief product officer Sanjay Parthasarathy, in an announcement. “With Avalara’s new switch pricing automation instruments, corporations can drive development by increasing environment friendly, scalable switch pricing documentation providers with surety, with or with out in-house experience, whereas lowering shopper and agency danger.”