Thomson Reuters announced that it has formed a strategic relationship with Avention to give users of its ONESOURCE Transfer Pricing software access to Avention’s industry report module.

ONESOURCE Transfer Pricing recognizes the need for comprehensive documentation in the wake of increased regulations worldwide. To ease the burden of  this process, ONESOURCE provides a full suite of public and private data, intangible information, worldwide research and other offerings to give transfer pricing professionals all the information they need in a single destination. The latest evolution adds the new industry report module by Avention, available through ONESOURCE Transfer Pricing. The industry report module helps users better understand their industry dynamics and gain insight into an organization’s competitive landscape.

“Access to industry reports comes at an important time for our customers, especially in light of the OECD’s latest BEPS action points and master file/country-by-country reporting environment,” said Brian Tully, vice president and head of ONESOURCE Transfer Pricing. “This addition to ONESOURCE Transfer Pricing will help both taxpayers and tax authorities around the globe to set, defend and scrutinize transfer pricing structures in the current aggressive transfer pricing landscape.”

Access to the industry report module provides users with vital information through single sign-on functionality. Customers receive a direct link to the information they need once they log into ONESOURCE Transfer Pricing, eliminating the need for external searching. Users can utilize this module to elevate transfer pricing documentation and defend transfer pricing positions with tax authorities and financial auditors, enhancing overall accuracy and efficiency and assisting with the required insight and analysis needed to comply with increasing global regulations.

Source: Software Magazine