AkzoNobel
Customer Success Story
Since 2014 AkzoNobel is using TPGenie Enterprise.
We’ve been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there’s a good chance you’re only ever a few meters away from one of our products. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from the most sustainable paints company, which has been inventing the future for more than two centuries.
The challenge
Prior to implementing TPGenie we struggled to find a consistent and efficient approach to preparing local transfer files on a global basis. We were suffering from challenging processes to share and delegate the documents along with tasks. In addition, we incurred high costs for services provided by external consultants. Bearing in mind that the AkzoNobel group is performing activities in various regions, differentiated by scope of reporting obligations, coordination of the whole process was a key issue.
The solution
In AkzoNobel, we utilize the TPGenie Enterprise license along with the BEPS compliant Country-by-Country reporting module. Additionally, we deploy tailored adjustment options which include the intercompany agreement database and the data evaluation and currency conversion modules. Recently we started to use the translation module and the Transfer Pricing Guide.
TPGenie is a very user-friendly tool. From the user perspective each step is clear and easy to perform in the system. In the last stage of the process, we can generate the full package of (local) TP documentation, including all attachments: intercompany contracts, benchmarking studies, master files, etc. It’s very supportive during (tax) audits and controls.
The results
Every year we prepare over a hundred of local files using TPGenie. This tool helps us to standardize our processes and increase efficiency while at the same time remaining compliant with (local) transfer pricing documentation requirements.
“We seek for further improvements of the overall transfer pricing documentation process in our organization. Our goal is to get proficient at resource efficiency and meet local transfer pricing documentation requirements. TPGenie supports us to achieve it.”
Marc Kanter
Transfer Pricing Lead
Justyna Prusik
Transfer Pricing Manager
Paints & Coatings
We’ve been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there’s a good chance you’re only ever a few meters away from one of our products. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from the most sustainable paints company, which has been inventing the future for more than two centuries.
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Intra Pricing Solutions
Your guide in the world of Transfer Pricing
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