Customer Success Story
Since 2014 H&M is using TPGenie Enterprise and is development partner of TPGenie.
H&M Group is a family of brands and businesses, driven by the desire to make great design available to everyone, in a more sustainable way. We offer fashion, design and services that inspire and enable people to express their style while making it easier to live more circular.
We offer fashion and quality at the best price in a more sustainable way.
The challenge
Whether to prepare the document internally or with the help of an external professional. Whether the TP documentation prepared on a global basis complies with the requirements in each country. Whether the cost of creating and maintaining the documentation offsets the risks associated with the transactions.
The solution
TPGenie is software is the one-stop solution for Hennes & Maurits for creating & managing Transfer Pricing documentation, including Local Files, Master Files, Benchmarks, Inter-Company Agreements, Country-by-Country Reportings.
Additionally a Legal Entity Management module is developed. The module is useful to provide scrutiny and transparency, and helps to manage complexity and risk, giving better control of data and insight into the entity compliance process.
The results
TPGenie helps H&M group to efficiently create, update and manage our transfer pricing documentation in line with BEPS 13 action. TPGenie also guides us through TP planning, risk management, and control.
“TPGenie; what would our transfer pricing function be without it!”
Consumer Retail Industry
H&M Group is a family of brands and businesses, driven by the desire to make great design available to everyone, in a more sustainable way. We offer fashion, design and services that inspire and enable people to express their style while making it easier to live more circular.
We offer fashion and quality at the best price in a more sustainable way.
