Improve Transfer-Pricing Documentation Process

A large bank in the Americas was experiencing more stringent transfer pricing regulations from tax authorities, causing an increase in transfer pricing documentation requirements. The documentation processes were not scalable and could not support the additional requirements. The team's solution included establishing a central process for completing documentation, establishing roles and responsibilities, developing and communicating metrics and conducting risk analysis. Cycle time was reduced by 75 percent, and the organization avoided $1.6 million in future costs.