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Transfer Pricing Adviser & Co-founder | Making Global Transfer Pricing Documentation Easy
One of Reptune (formerly TP Tuned)'s main selling points, is that our clients save 50-75% on global #transferpricing documentation, while increasing quality and control. Now how does that work? 🤔 The average medium to large multinational prepares about 20 Local Files per year. The rates charged by advisory firms for Local Files vary widely, but we often see EUR 7,500 per Local File. This makes the annual external cost for Local Files EUR 150,000. 💸 Outsourcing of Local Files does not mean that the inhouse team is off the hook. On the contrary. Significant time is still spent inhouse on data gathering, coordination with the advisory firm(s), review of several versions of Local Files, calls, meetings, etc. We estimate that at least 0.2 FTE (8 hours a week) is required to perform this work for 20 Local Files. Let's value this staff cost at EUR 20,000. 💸 Now imagine insourcing this work through a software such as Reptune.net. The external cost completely goes away, as Reptune.net facilitates automated preparation of global transfer pricing documentation. Saving: EUR 138,000. 🤑 With Reptune.net, after initial implementation, preparation of Local Files is a matter of gathering data and pressing a button. On average, 0.13 FTE (a little over 5 hours a week) is still required to perform the work, including data gathering, data processing, and preparing the Local Files. Saving: about EUR 7,000. And let's not forget that the work had changed from intricate review work to operating an efficient tool, which is way more fun. 🎈 If we ignore the potential savings on benchmarks and translations - for which Reptune.net offers highly competitive alternatives too - and if we factor in the Reptune.net license fee and modest implementation cost, the average multinational saves about EUR 138,000 per year on its global transfer pricing documentation. 💰 This represents a saving of 81% and an ROI on the Reptune.net license of a whopping 325%. And the best news: Reptune.net helps to improve the quality of the Local Files and hands full control of the process to the multinational. 🌍 Interested to know more? Visit www.reptune.tax or reach out to [email protected]. 💻
