EY Transfer Pricing Engine

What EY Transfer Pricing Engine is

EY Transfer Pricing Engine is a cloud-hosted software service for managing intercompany transactions in a central system. It brings together data handling, calculations and reporting, using financial information such as trial balances, master data and transfer pricing policies. The product can work with data from multiple source systems, run grid calculations and return imported results to the system.

Finance, operations and tax teams can use it to review profitability, calculate service allocations, and work with journal entries, price lists, royalties, profit splits, cost sharing and supply chain analytics. Modeling tools include real-time pricing simulations, what-if analysis and prospective price adjustments. Dashboards, audit and controls reports, country-by-country reporting and transfer pricing compliance reporting support monitoring. Exception-based management and user-managed transfer pricing logic are also listed. EY says the system can help reduce human error risk and improve data management, processing and reporting. EY professionals can operate the tools through EY transfer pricing services. The product is designed for business users who do not need advanced technology skills.

Who it suits

It suits finance, operations and tax teams that need to manage and analyze intercompany transactions, calculate transfer pricing outcomes and prepare related reports. Businesses that want EY professionals to operate the tools can use them through EY transfer pricing services.

Getting started

1. Visit the EY Transfer Pricing Engine website.
2. Request a demo and pricing from EY.
3. Use the web-based service, or arrange for EY professionals to operate its tools through EY transfer pricing services.

Verdict

Choose EY Transfer Pricing Engine if your finance, operations or tax team needs a central system for intercompany transaction calculations, scenario planning and compliance reporting. Businesses seeking published pricing will need to request it from EY.