Nouryon

Customer Success Story

Since 2019 Nouryon is using TPGenie Enterprise.

Nouryon is a global specialty chemicals leader. Markets worldwide rely on our essential chemistry in the manufacture of everyday products such as paper, plastics, building materials, food, pharmaceuticals and personal care items. We have about 10,000 employees and operate in over 80 countries around the world. Building on our nearly 400-year history, we have established a world-class business and built strong partnerships with our customers.

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The challenge

Pre the implementation of TPGenie, the preparation of Transfer Pricing documentation was a manual, decentralized process involving many people within the organization and external advisors. Implementing changes to all documents on an annual basis and monitoring the completeness of the compliance was a time-consuming process.

The solution

We utilize the TPGenie Enterprise license, CBCR, Intercompany Agreements database and currency conversion modules. The tool is user friendly for the local finance community and there is a good level of standardization and automation.

The results

We have been using the tool for a few years and this has helped us to be compliant with our TP documentation requirements in an efficient manner. The processing of changes to templates on an annual basis and the monitoring of the compliance status can be done easily.

The Intrapricing Solutions team continues to innovate and add functionality to the tool. Although a small team, the service and response time is always good. Keep up the good work.

Shibani Makhija

TP Lead, Nouryon

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Specialty Chemicals