Evolvice GmbH

Description

Evolvice has developed for WTS the enterprise application WTS TPmanager.

WTS TPmanager facilitates the entire transfer pricing documentation process, to which multinational corporations need to commit with a three-stage system for transfer pricing documentation.

Through the web-based tool, the documentation can be supported and controlled throughout the organisation. The IT solution not only simplifies the preparation of transfer pricing documentation, but also ensures compliance with the OECD’s documentation requirements. In summary, WTS TPmanager offers a comprehensive solution to record, document, track and deal with transfer pricing issues. By clearly defining tasks and responsibilities within the tool, an associated deadline control and the defined review and release processes, it ensures that documents are created efficiently. As a web-based IT solution, data security and data protection are given top priority so that the data remains completely within the corporate group. WTS TPmanager is designed in such a way that possible future changes can be implemented with as little effort as possible.

Solution

Evolvice GmbH successfully developed TPmanager, achieving the following milestones:

• Base Tool Development: The initial version of TPmanager was built with a focus on usability and scalability. This foundation allowed for future customizations and enhancements.
• Customization for End Customers: Evolvice customized TPmanager for over 10 end customers, ensuring each solution met unique business needs and compliance requirements.
• Transition to Multi-Tenant Architecture: The development team transitioned TPmanager to a multi-tenant solution, allowing WTS to serve multiple clients on a single platform efficiently, reducing costs and improving resource utilization.
• End Customer Support: Evolvice took over the support and operations for TPmanager, providing timely assistance and ensuring customer satisfaction.
• Hosting and Operations Management: Evolvice managed the hosting and operational aspects of TPmanager, allowing WTS to focus on its core business without worrying about the technical infrastructure.
• Feature Enhancements and Maintenance: The team continues to add new features and maintain the application, ensuring that TPmanager remains at the forefront of the industry.
• Dedicated Team Transition: After seven years of successful collaboration, Evolvice transitioned to a dedicated team based in the Kyiv office, enhancing communication and project management. The team has been working successfully in such model since 2018 until now.

Results

The partnership between Evolvice and WTS has yielded significant results:

• Award-Winning Tool: TPmanager has received several prestigious awards, establishing it as one of the best transfer pricing tools in the market. Notably, WTS Germany was named "Transfer Pricing Firm of the Year" by the well-renowned journal International Tax Review in 2018 and 2019.
• Scalable Solutions: The multi-tenant architecture has allowed WTS to efficiently scale their operations and cater to a growing client base.
• Long-Term Collaboration: The collaboration has lasted over 10 years, with Evolvice having developed more than 8 enterprise applications for WTS, further solidifying their partnership.

The successful partnership between Evolvice GmbH and WTS showcases the power of collaboration in the tech industry. By aligning their goals and leveraging each other's strengths, they have created a leading transfer pricing solution that continues to evolve and excel. The ongoing commitment to innovation and customer satisfaction ensures that TPmanager remains a critical asset for WTS and its clients in the competitive landscape of transfer pricing.