Articles

Summer has arrived in the UK (allegedly) — and so has a new government as Keir Starmer returns the Labour Party to power after 14 years. This raises the question: will the winds of change shake up transfer pricing regulations?

Enterprise Resource Planning (ERP) systems are designed to streamline and integrate the various functions and processes within an organization. They’re supposed to handle all the accounting and operational needs of any company — aren’t they? Not exactly.

Amid the maze of global financial regulations is Pillar II reporting — an arduous challenge that multinationals now have to navigate. Domestic tax rules are intricate enough, but the global tax framework introduces a layer of complexity that can be overwhelming. 

Large global corporations face significant challenges in maintaining accurate and compliant financial records, especially when it comes to intercompany accounting.

Electronic invoicing, or e-invoicing, is rapidly growing in popularity and the global market was worth USD 11.2 billion in 2022. It’s forecast to reach USD 35.9 billion by 2028, a CAGR of 20.26%.

On March 14, 2024, ExCeL London opened its doors to one of the major stops on the global Oracle CloudWorld tour. Alongside the events in Dubai, Milan, and Tokyo, the event was a prelude to the main CloudWorld event which will be happening in Las Vegas in September.

In the complex financial ecosystems of multinational corporations, accurately recording accounting entries between different entities within the same parent company is crucial. One such flow, known as accounts payable (AP) recharge, plays a pivotal role yet remains relatively obscure outside specialized accounting circles.

Multinationals are constantly seeking ways to streamline operations and reduce costs. One solution that’s gained traction is the use of an intercompany Shared Service Center.

The term "transfer pricing" frequently arises among multinational corporations engaged in cross-border dealings. But what exactly is it? 

Does the thought of B2B enterprise accounting software give you goosebumps? Does it fill you with emotion? Does it make you weep tears of joy?