Exactera Announces the Launch of AI-driven ExactMatch, Transfer Pricing Benchmarking Search Technology

Exactera revolutionizes transfer pricing comparable searches with the launch of AI-powered ExactMatch. The new solution will allow service providers to scale their businesses and anchor clients in an arm’s length position.

Tarrytown, NY (July 23, 2024): Exactera, the leading technology provider in global transfer pricing compliance, announced today its debut of ExactMatch, a ground-breaking AI-powered transfer pricing comparable-company search solution. ExactMatch views companies through a wide transfer pricing lens enabling practioners to perform more efficient searches and produce reliable comparable sets, ensuring indisputable arm’s length transfer prices.

Arm’s length pricing is the foundation of transfer pricing, and a reliable range depends entirely on pricing by comparable companies. Historically, though, true transfer pricing benchmarks have been difficult—if not impossible—to find, because providers were compelled to conduct searches based primarily on standard industry classification (SIC) codes. Subjective and inflexible, SIC codes alone limit the pool of searchable companies and compromise the quality of the data.

“By leveraging artificial intelligence, we can move beyond SIC codes and provide a more nuanced and comprehensive approach to identifying true transfer pricing comparable companies,” says Exactera’s Chief Economist Mimi Song. “Searching businesses based on functional profiles, ExactMatch delivers a strong comparable set, and as a result, an incontrovertible arm’s length range.”

ExactMatch Special Features:

• An AI-powered search engine drives efficiency.
• Diverse data availability provides one-stop access to multiple data sources, expanding the pool of public and private comparable companies.
• Algorithms identify and rank transfer pricing benchmarks based on functional comparability.
• Automation minimizes subjectivity and manual labor.
• Real-time data and multi-criteria searches yield more reliable comparable sets.

Transfer pricing scrutiny has grown exponentially over the last decade, with tax authorities frequently requiring specific geographic and occasionally, financial, criteria for acceptable comparable companies. These additional country-specific regulations render comparable searches even more difficult for taxpayers. Given their subjective nature, transfer pricing benchmarks are often challenged by tax administrations, which can alter an arm’s length range. ExactMatch minimizes subjectivity in the benchmark selection process, delivering robust comp sets, accurate ranges, and a more certain transfer pricing position.

“ExactMatch’s time-saving efficiency will allow service providers to expand their client bases without additional staff, streamline manual processes, and ultimately add to the bottom line,” says Michael Hickman, CEO. “This product underscores Exactera’s profound understanding of today’s intricate transfer pricing landscape and effectively addresses it challenges.”

Want to see how ExactMatch works? Talk to an expert today.

About Exactera
Exactera is a leading provider of corporate tax compliance solutions for transfer pricing, tax provision, and research and development tax credits. Leveraging premium data and innovative AI models, Exactera helps tax professionals be more efficient, mitigate risk, and streamline compliance through consistent and diligent documentation processes. Headquartered in the United States, Exactera serves hundreds of customers across the globe including some of the world’s best-known brands. Visit Exactera.com to learn more about how we help organizations turn tax data into business intelligence. For more information, visit Exactera.com.