Triumph

Customer Success Story

Since 2017 the Triumph Group is using TPGenie Enterprise.

It all began in a barn: The transformation of the Triumph Group from a tiny Southern German corset factory back in 1886 into one of the world’s leading manufacturers of lingerie and underwear is a global success story.
The Triumph Group today enjoys a presence in over 120 countries all across the world. For its brands Triumph and sloggi, the company develops, produces and sells underwear, lingerie, sleepwear and swimwear, fusing excellent quality in workmanship, unrivalled fit and the latest in fashionable design.

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The challenge

Before Triumph adopted TPGenie, the group incurred substantial annual costs of engaging external service providers to prepare local TP documentation.

Another challenge which the company faced was a lack of central control over how the TP policy was communicated in the local TP documentation, because the process was largely driven by local Finance personnel in conjunction with local tax advisers.

The solution

We use the TPGenie modules for preparing local TP Reports, for Country-by-Country Reporting, and for Intercompany Agreements.

The system works very well for us – for example, the Report module enables us to combine local input from the Finance teams, with centrally-defined input and economic analyses.

The Country-by-Country Reporting module works very smoothly for us, and the Intercompany Agreements module is very useful.

The results

Triumph has made significant improvements in our TP compliance in recent months, and we are now up-to-date with our local TP compliance obligations.

Now that the TP Genie is out of the bottle, all our TP wishes are coming true.

Angus Davidson & Jolyon Land

Tax Team, the Triumph Group

Fashion

It all began in a barn: The transformation of the Triumph Group from a tiny Southern German corset factory back in 1886 into one of the world’s leading manufacturers of lingerie and underwear is a global success story.
The Triumph Group today enjoys a presence in over 120 countries all across the world. For its brands Triumph and sloggi, the company develops, produces and sells underwear, lingerie, sleepwear and swimwear, fusing excellent quality in workmanship, unrivalled fit and the latest in fashionable design.

Visit website

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