ONESOURCE Operational Transfer Pricing is a ground breaking technology that enables multinational companies to more effectively and efficiently manage transfer pricing data, compliance and reporting in real time and one of the leading automobile manufacturers is experiencing the benefits first-hand.
Developed in response to global industry challenges, ONESOURCE transfer pricing collects, validates and standardizes data from multiple ledgers into a centralized system, providing reporting visibility on demand instead of the traditional yearly process. This allows tax professionals to monitor and proactively respond to transfer pricing results well before their books close, ensuring compliance, maximizing efficiency and minimizing risk.
Elizabeth Blatchford is manager of transfer pricing strategy and analysis at Ford Motor Company, an early adopter of the product. “Our team needed to streamline an extremely labor-intensive transfer pricing process,” she explains. “With ONESOURCE Operational Transfer Pricing, reporting that used to take four months can be done in just a week, allowing us to reallocate our resources to more strategic activities.”
Watch the video to learn more about how ONESOURCE Operational Transfer Pricing is at work at Ford Motor Company: (more…)
A Texas state appeals court has reversed a jury verdict that found that Ford Motor Co. was fraudulently induced into settling a rollover case for $3 million.
11 Feb 2013Nick Sullivan
Ford had argued that a note that the jury foreman sent to the trial judge made it appear as if the jury had decided the issue of liability and pushed the company into the agreement.
The wife of a man who was crushed to death when a jack collapsed while he was working underneath his Ford minivan may not submit evidence of similar incidents in a lawsuit against the automaker, a Texas federal judge has ruled.
22 Oct 2012Nick Sullivan
The information the plaintiff sought to present, contained in a Ford proprietary database, is inadmissible hearsay, U.S. Magistrate Judge Amos L. Mazzant of the Eastern District of Texas determined.
Ford Motor Co. counsel William J. Conroy of Campbell, Campbell, Edwards & Conroy in Berwyn, Pa., told Westlaw Journal Automotive that all five cases in an MDL over allegedly defective E-350 15-passenger vans have been dismissed. In re Ford Motor Co. E-350 Van Products Liability Litigation (No. II), MDL No. 1687 (D.N.J.).
11 Oct 2012Nick Sullivan
In a 2005 consolidated complaint, the plaintiffs, including a number of church groups from several states, said their 1991-2005 vans had a high center of gravity that led to an unusually high rollover rate.
Ford’s Chief executive Alan Mulally attended the groundbreaking of a third assembly plant in Chongqing today, its manufacturing hub in southwest China. Today’s graphic shows Ford’s presence in China as the 2nd largest U.S. car maker hopes to catch up with rivals in the world’s biggest auto market.
Toyota Motor Corp announced outstanding earnings for Q2 2012. Its Q2 operating profit was the largest quarterly operating profit in four years for the Japanese auto company. In addition, the company increased its sales target for the remainder of 2012. Here are the top active institutional shareholders of Toyota, all of which should be positively affected should Toyota outperform for the rest of the year. Check out other reports by Thomson Reuters Ownership Intelligence and follow @ownershipintel on Twitter.
General Motors Corp posted better earnings than expected for Q2 2012.
02 Aug 2012Doug Taylor
Two main factors driving its success were unusually good results in Europe and delayed spending in the United States. Some analysts are concerned that GM’s excellent quarter may be an anomaly. In particular, the delayed spending must be made up in the future, which could affect the bottom line. Also, as volatility in Europe continues, there is no guarantee GM’s European business will post another successful quarter. If the outlook on GM declines, GM’s top 10 shareholders could be affected.
13 Feb 2013
