Customer Success Story
Since 2021 Vanderlande Industries is using TPGenie Enterprise, including inter-company Agreement Database, currency conversion, CbCR and translation modules.
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.
Previously Vanderlande Industries had a very manual process which required more time and efforts on data gathering and manual preparation of the Transfer Pricing documentation. This was both inefficient and error-prone and required a lot of labor-intensive updating of information and validating the resulting reports.
Through TPGenie the aim was to integrate (financial) data in an efficient manner and prepare the Transfer Pricing documentation in a more efficient, automated manner based on a fixed workflow and built-in validations and audit trail.
Besides generating the TP local and master files, the integrated solution of TPGenie should enable us to manage our intercompany TP agreements, convert currencies, translate the reports to other languages and generate the country-by-country-report.
TPGenie was implemented in a short timeframe with hands-on support from the Intra Pricing Solutions team, providing us with training and insights during the implementation process. The tool was also tailored to our specific needs and requirements. In the end, our goals were met. Now we can manage and coordinate the process inhouse and our transfer pricing documentation process is more automated, efficient and robust.
“TPGenie enables us to prepare our TP documentation in an automated and efficient way”
Vanderlande is a market-leading, global partner for future-proof logistic process automation in the warehousing, airports and parcel sectors. Its extensive portfolio of integrated solutions – innovative systems, intelligent software and life-cycle services – results in the realisation of fast, reliable and efficient automation technology.
Vanderlande’s warehousing solutions are the first choice for many of the largest global e-commerce players and retailers in food, fashion and general merchandise across the globe. The company helps them to fulfil their promise of same-day delivery for billions of orders, with nine of the 15 largest global food retailers relying on its efficient and reliable solutions.
As a global partner for future-proof airport solutions, Vanderlande’s market-leading baggage handling systems and related passenger solutions are capable of moving over 4 billion pieces of baggage around the world per year. These are active in more than 600 airports, including 12 of the world’s top 20.
Vanderlande is also a leading supplier of process automation solutions that address the challenges in the parcel market. More than 52 million parcels are sorted by its systems every day, which have been installed for the world’s leading parcel handling companies.
Intra Pricing Solutions
Your guide in the world of Transfer Pricing
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