Untangle
OTP
Automate Operational Transfer
Pricing and end spreadsheet
spaghetti for good.
Operational Transfer Pricing (OTP) involves setting and documenting prices for transactions between related entities within a multinational enterprise, ensuring compliance with international tax regulations.
Does it affect me?
If your business engages in transactions between subsidiaries or related entities across different tax jurisdictions, OTP is critical for maintaining compliance and avoiding penalties.
Whilst historically automating your transfer pricing may have been seen as a "nice to have", with the introduction of Pillar Two, increased tax authority scrutiny and the ever-increasing operational complexity's within MNE's, it's now a "must have", and we are right here to help!
What do I need to do?
You'll need to establish transfer pricing policies, maintain detailed documentation, and regularly monitor and report on transfer pricing compliance.
What's the deadline?
Transfer pricing documentation deadlines vary by jurisdiction but typically align with annual tax return filings. It's essential to stay informed about the specific requirements for your business locations.
Source agnostic
Our platform accepts data from any source and in any format. No need to reformat your data; we handle the transformation.
Data aggregation
Our platform uses an advanced engine to aggregate and transform your raw data ready for reporting.
Error detection
Our AI-powered consistency checker identifies both known and unknown errors, ensuring your data is error-free.
Automated calculations
Eliminate manual calculations with our automated tools, ensuring accuracy and compliance with all OTP regulations.
Comprehensive reporting
Generate detailed reports tailored to your business needs, including OTP documentation, reconciliation files, and intragroup invoice adjustments.
Want more? No problem, our tool is built for easy customisation. So not only can you take care of OTP- you can use the tool for so much more!
Partnering with ARKK means you can seamlessly eliminate the complexities of OTP calculations.
By leveraging your current data, our platform employs an advanced cloud-based calculation engine, driven by cutting-edge AI technology, to simplify and optimise your OTP operations.
Maintain compliance
Automate manual tasks and ensure compliance with our robust audit trail capabilities, reducing the risk of errors associated with legacy systems and Excel templates.
Timely insights
Monitor your OTP position frequently, enabling timely policy adjustments and reducing the risk of period-end issues such as late filings or avoidable adjustments.
User-friendly interface
Navigate with ease using our intuitive platform, designed to make even the most complex financial processes simple.
Comprehensive solution
From data collection and transformation to final submission, ARKK handles it all ensuring you never miss a deadline.
Custom reporting
Tailor reports to your specific needs with flexible reporting options. From standard compliance reports to industry-specific analyses, our platform supports it all.
Scale with your business
Our solution scales with your business, adapting to new policies and changes in your business structure without needing to re-engineer the entire process.
Get the ARKK advantage
Discover why our fresh approach to tax and finance is trusted by over 70% of the FTSE 100.
The information that came back from ARKK was so clear and transparent.
Kreeson Thatiha, Head of Finance and Client Money, eToro
I was continually reassured of ARKK's technology and their commitment to customer service.
Darryl Alford, Finance Manager, DPD
ARKK were prepared to be more flexible with how we worked and how we were set up.
Alistair McClelland, Head of Tax, The University of Edinburgh
Simply outstanding service and a real pleasure to work with.
Chris Parsons, Production Director, Radley Yeldar
ARKK are extremely responsive and supportive partners.
Janette Moriarty, Group Financial Reporting Director, Kerry Group
ARKK are invaluable to us… I wouldn't consider another project without them.
Valentin Ramousse, Head of International Business Development & Partner, Emperor Works
The speed and accuracy of implementation was incredible.
Akash Kalaiya, EMEA Tax Manager, Universal Weather and Aviation
The numbers behind OTP automation
Fancy a chat?
Let’s get a date in the diary to talk about freshening up your tax and compliance reporting.
Fill out the form opposite and we'll get right back to you.