Transfer pricing identifies where value is created and where it moves inside an organization – a critical component of profitability analysis for multi-national organizations. And while your company is certainly motivated to maximize profits, compliance with local and global regulations governing transfer pricing to determine your tax exposure is a business necessity.
ImpactECS helps teams with two areas – Calculating and documenting pricing rules and activities from intercompany activities and maintaining calculated, detailed margin answers to improve visibility into overall corporate profit performance across divisions and geographies. With ImpactECS, you can eliminate your dependence on spreadsheet processes or overcome the limitations of ERP pricing modules and create a process that generates meaningful answers for two critical finance activities.
Recent events have taught finance and costing leaders that unpredictability is the new norm—making effective cost planning a necessity. Cost data impacts organizational decisions from quoting new business, selecting vendors and suppliers, planning production, and servicing customers. The most innovative teams have enabled costing models that generate planned, forecasted, historical, and simulated cost data to drive commercial and operational decisions.
This session highlights use cases of cost analytics models that predict how market shifts are cost changes that impact profits, evaluate performance compared to benchmarks, determine the success of quotes to actual performance, and establish targeted cost management programs.