PlaidCloud’s Cost Allocation Engine Optimizes Transfer Pricing
Detailed Cost Allocation is Critical in Transfer Pricing PlaidCloud’s cost allocation engine automates and elevates transfer pricing processes. It not only increases accuracy and confidence in your process, but it also reduces the time spent on analysis and refocuses that time on results and actions. The Automated Processes of PlaidCloud Compliance with Regulations — Transfer […]
Spend Analytics: Unlocking the Power of Sourcing Strategies
In the fast-paced world of procurement, understanding spend and identifying opportunities is the foundation for strategic sourcing decisions. Whether you’re preparing quote packages, negotiating pricing, generating cost reduction ideas, or prioritizing resources, having a comprehensive view of your organization’s spend is crucial. While robust ERP systems have long been touted as the solution for meaningful […]
Preparing for Pillar Two – Part 2
Sean Faulkner, Co-Managing Partner of Valentiam Group The previous installment, Preparing for Pillar Two (read here), touched on the tremendous data requirements of the GloBE Information Return (“GIR”) under the OECD’s new Global Anti-Base Erosion (“GloBE”) rules, portions of which are already being adopted by tax authorities worldwide. The OECD understands that the GIR requirements […]
PlaidCloud Recently Attended ITR Women in Tax Forum March 6, 2024 in New York City
PlaidCloud recently attended the ITR Women in Tax Forum in New York City on March 6, 2024. The event gathered female tax directors and head of tax from various industries across the United States. Key takeaways from the event were based on live surveys during the event: 70% of respondents had started to plan for […]
PlaidCloud and Profit Drivers Announce Strategic Partnership for Global Price and Revenue Optimization
PlaidCloud, a cutting-edge Enterprise Profitability solution, is thrilled to announce their key partnership with Profit Drivers, a leading pricing consultancy with a proven track record of spearheading global pricing transformations and solutions at Fortune 500 organizations. This collaboration brings together Profit Drivers’ unparalleled expertise in crafting and implementing effective pricing strategies on a global scale […]
Effective Pricing Strategies for Driving Sales Growth
Leverage Pricing Effectively & Unlock Significant Potential Guest article by Profit Drivers Pricing is a powerful tool for boosting sales and profitability. To their own disadvantage, many companies have not prioritized effective pricing. They often focus solely on cost-based margins. By embracing pricing strategies such as customer and product segmentation, value-based pricing, and market based […]
Preparing for Pillar Two
Sean Faulkner, Co-Managing Partner of Valentiam Group Procuring and managing the data required for various transfer pricing compliance requirements has become an ever-increasing burden over the past decade for the tax departments of multinational companies. Between setting transfer prices, managing cost allocations, monitoring compliance with target margins, segmenting P&Ls, calculating TP adjustments, assessing transactional data […]
Leveraging PlaidCloud for Pillar Two Readiness
Proactive Step towards Pillar Two Take a proactive step towards Pillar Two compliance with PlaidCloud’s purpose-built tax allocation and calculation solution. Pillar Two requirements, implications, and challenges are summarized in the “Preparing for Pillar Two” article (read), written by PlaidCloud’s trusted Transfer Pricing Advisory Partner, Sean Faulkner, Co-Managing Partner of Valentiam Group. As described in […]
Unlock the Full Potential of Your Budgeting & Analytics Tool with PlaidCloud
Many organizations are investing in best-of-breed solutions for Budgeting and Analytics, such as SAP Analytics Cloud, OneStream, Anaplan, and others. While these tools are powerful and transformative, there is an opportunity to drive deeper, more impactful insights. By leveraging PlaidCloud in conjunction with these solutions, clients can unlock untapped advantages. One significant way to drive […]
Revolutionizing Operational Transfer Pricing Profitability Analysis
A $5B Leading Global Coatings Company Success Story For most organizations, managing legal entity profitability and operational transfer pricing is a complex challenge. And for one global company, this challenge was exacerbated by an impending SAP ECC to SAP S4 migration. This transition would take several years to complete. The company overcame these hurdles and […]