Avalara Transfer Pricing Reports for Accountants Automates Transfer Pricing Documentation
Avalara, Inc. (NYSE: AVLR), a leading provider of cloud-based
tax compliance automation for businesses of all sizes, today
announced the availability of Avalara Transfer Pricing Reports for
Accountants. This new solution, designed for use by transfer
pricing experts and nonexperts working in firms of all sizes,
delivers the automation to grow a global tax compliance service,
providing U.S. and OECD transfer pricing reports to clients as
needed for audit defense.
Transfer Pricing Reports for Accountants automates the transfer
pricing documentation process for any firm, supplying control and
visibility, while enabling firms with or without in-house transfer
pricing expertise to prepare transfer pricing reports for their
clients in three simple steps: data collection, documentation
review, and report generation.
Firm growth and expanded client services
Avalara’s new technology creates templated reports by combining
predetermined, fixed benchmarks with a guided questionnaire,
designed to simplify and streamline the workflow process. With
Transfer Pricing Reports for Accountants, firms can offer clients a
value-added service, improve client satisfaction, and enhance their
trusted advisor role by delivering timely compliance reporting to
“As clients continue to expand globally, and tax reporting
becomes more expansive and complex, FGMK sees a robust transfer
pricing policy as critical for multinational companies,” said
Michael R. Pearson, CPA, Specialty Tax Partner at FGMK. “Our
ability to assist clients in complying with contemporaneous, and
often required documentation obligations around their inter-company
transactions, as well as opportunities to price and scale our
transfer pricing practice, has been rewarding. We recognize that
automation is essential to providing the control and visibility
required for offering efficient, profitable transfer pricing
services. Avalara Transfer Pricing Reports for Accountants
simplifies and automates the report generation process, mitigates
client audit risk, and supports practice growth and expansion.”
Transfer Pricing for Accountants is the latest addition to the
Avalara for Accountants product and service suite, which gives
firms the technology to simplify, streamline, and scale their
compliance practice, and includes sales tax returns preparation,
business license management, and a tax research platform.
Key features and functionality:
- Global compliance. Supporting documentation requirements
of U.S. regulations and countries that have adopted OECD
guidelines, covering both local file and master file.
- Predetermined global benchmarks. Built-in data is fixed
and objective, based on best practices from publicly available
data, covering the Americas, Europe, and Asia.
- Self-guided questionnaire. Simplify the data collection
process through an intuitive, dynamic, self-paced workflow that
prepopulates based on transaction types selected.
- Compliant reports. Includes built-in, noneditable date
and time stamps, benchmark-related appendices, and analysis on the
- Firm visibility and management tools. Access robust
management tools with built-in visibility and tracking.
“We recognize that transfer pricing complexity is an increasing
pain point for growing businesses, so today’s announcement
represents an important addition to the Avalara for Accountants
suite for firms of all sizes,” said Sanjay Parthasarathy, chief
product officer at Avalara. “With Avalara’s new transfer pricing
automation tools, firms can drive growth by expanding efficient,
scalable transfer pricing documentation services with surety, with
or without in-house expertise, while reducing client and firm
Find more information on Avalara Transfer Pricing Reports for
Accountants here. Avalara will unveil Transfer Pricing Reports for
Accountants at Avalara CRUSH Global. Register to attend here.
Avalara helps businesses of all sizes get tax compliance right.
In partnership with leading ERP, accounting, ecommerce, and other
financial management system providers, Avalara delivers cloud-based
compliance solutions for various transaction taxes, including sales
and use, VAT, GST, excise, communications, lodging, and other
indirect tax types. Headquartered in Seattle, Avalara has offices
across the U.S. and around the world in Brazil, Europe, and India.
More information at avalara.com.
version on businesswire.com: https://www.businesswire.com/news/home/20220516005161/en/
Media Contact Brian Austin Avalara
Investor Contact Jennifer Gianola
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