CrossBorder Update
Confident compliance protection
CrossBorder Update takes the uncertainty out of local tax regulations so you can protect yourself against audits, adjustments, and penalties. Our advanced AI technology, Fiona, provides fully compliant reporting for taxpayers who have outsourced this work in the past.
Solving for generic study exposure
Fully localized compliance with no fear
Our AI, Fiona, can actually read the expensive work the Big Four have done and leverage it to produce a fully localized study that is compliant with the specific country regulations. For better future compliance, Fiona will work behind the scenes to automatically update the comparable search and economic analysis.
Don’t leave yourself exposed
Your Big Four study just got better
Submit your existing Big Four transfer pricing study and we’ll prepare a gap analysis so you know what’s missing, what needs to be updated, and how to localize to meet a country’s regulations. We’ll even update the study for you. Soon, you’ll be on your way to avoiding audits, adjustments, and penalties—at a fraction of the cost of the Big Four.
Solution features
Localized. Centralized. Simplified.
Localized documentation
Using generic documentation is the quickest way to invite an audit. Every country now has its own documentation requirements that change every year. Fiona knows all the regulations for each jurisdiction and can review your current documentation to ensure that it is compliant with the local regulations. Missing information is highlighted so it can be added to the report.
Find out more Localized reports
If localized documentation, comparable searches, and economic analyses were not enough, now countries are mandating special report formatting, and not following these rules is a quick pass to an audit. Fiona knows the reporting requirements of each country, and ensures that your studies are compliant. Fiona can even translate the studies into a local language where necessary.
Automatic update
Transfer pricing studies need to be updated every year. To best protect against audits and adjustments, each study should contain a new comparable search and economic analysis. Of course, the studies should reflect any changes to transfer pricing regulations in each country where you have operations. Fiona updates your studies automatically. In fact, 60 days before they are due, they will be generated and stored in Compliance Central and emailed to you. Worrying about updates is now a thing in the past.
Localized comparable search
Comparable benchmark searches must be compliant with local regulations or the resulting analyses will be discarded by the revenue authorities. Fiona can read the descriptions and process the financial information for millions of companies and automatically pick the best ones that support your business goals. Of course, Fiona takes into account jurisdiction-specific rules when performing the comparable search. Even more amazing, Fiona can do this in the time that you spent reading this sentence.
Compliance Central
Effectively manage your worldwide compliance activities with Compliance Central, an online repository of your company’s transfer pricing documentation. Everything that is generated is stored in one place, so you have access to it in real time.
Localized economic analysis
Each country in the world has its own requirements on how to perform the actual economic analysis. If the analysis does not comport with these strict rules, the entire study can be disregarded. Fiona will automatically perform a localized economic analysis and compute the arm’s-length range using the local rules of each jurisdiction where you have operations. If the regulations provide flexibility to the approach, Fiona will perform the analyses multiple ways so you can pick the one that best supports your business goals.
High value
Our AI means better protection for you
With CrossBorder Update, Fiona does the heavy lifting for you by delivering a high value solution that produces more accurate, comprehensive, and consistent transfer pricing studies, now, and in the future. Once the studies are complete, our team of experts partners with you to review the work and ensure your ongoing satisfaction.
Book a demo today
Eliminate the uncertainty of transfer pricing with a fully localized study from CrossBorder Update. Book a no-fear demo with us today and discover the difference CrossBorder Solutions can make.
