The Payoff

We believe that customizable solutions in any domain have a transformative impact on the individuals working within it. These provide opportunities for greater creativity and self-expression in solving problems. Customizable software allows professionals to build solutions that can scale to other teams and clients, freeing up time for more meaningful tasks—such as refining transfer pricing strategies, extracting insights from intelligence dashboards to identify opportunities and risks, or developing innovative approaches and products to address new tax legislation or complex workflows. This not only improves work results but also makes the job feel more rewarding. In the long run, it can lift the overall job characteristics of the transfer pricing profession. Engaged knowledge workers, operating in a thriving environment, are then also more likely to solve the challenges that the transfer pricing domain was designed to address.

The ability to create custom software on demand can also lead to significant productivity gains. Operational tasks can be completed faster, more documentation and memoranda can be prepared to extend compliance coverage to previously neglected transactions or jurisdictions, and existing analyses can be supported with corroborative analyses. Perhaps even more importantly, customizable and affordable software has the potential to elevate the quality of work. By reducing the financial burden of software costs, organizations can allocate a greater portion of their budgets to expert advice, fostering collaboration between in-house teams and consultants while improving the overall standard of processes and deliverables.

More broadly, the democratization of software helps level the playing field between large organizations with extensive resources and smaller ones facing budget constraints, between technical and non-technical users, and between network insiders with access to proprietary technology and those without. In the near future, the focus will shift from what an organization can build to what it truly needs and wants to build.