Alphatax expands transfer pricing software with two buys

SOFIAH NICHOLE SALIVIO

News Editor

Alphatax has acquired TP Accurate and Intra Pricing Solutions, expanding its transfer pricing software offering.

The acquisitions add two products to the group’s tax technology portfolio. TP Accurate develops software for intra-group financing arrangements, while Intra Pricing Solutions offers TPGenie, a tool that uses automation and artificial intelligence to produce transfer pricing documentation for multinational companies and advisers.

Transfer pricing has become a growing focus for tax departments as regulators increase scrutiny of how multinational groups price transactions between related entities. Companies often manage financing analysis, documentation and compliance through separate systems, leaving tax teams with fragmented processes and greater audit exposure.

The additions broaden Alphatax’s coverage across the transfer pricing workflow. The products are intended to help customers manage compliance more efficiently, strengthen governance and reduce audit risk.

The transactions also form part of a broader platform strategy at the business, previously known as Tax Systems. Alphatax’s long-term goal is to build a single operating system for tax, bringing together compliance areas that have traditionally been managed through standalone tools.

Bruce Martin, Chief Executive Officer of Alphatax, said the deals supported that strategy.

“This is another important step in our growth strategy and reflects our continued investment in creating a more connected future for tax,” said Bruce Martin, Chief Executive Officer, Alphatax.

“Transfer pricing is one of the most complex areas of tax compliance, with increasing regulatory scrutiny and growing demands on tax teams. Bringing TP Accurate and Intra Pricing Solutions into Alphatax adds market-leading capabilities that deliver immediate value for customers while accelerating our vision of the world’s first tax operating system. We’re delighted to welcome both teams to Alphatax,” Martin added.

Product fit

The rationale for the two acquisitions lies in different parts of the transfer pricing process. One addresses financial transactions within corporate groups, including loans, guarantees and other financing arrangements that require detailed pricing analysis. The other focuses on preparing the documentation companies need to support their transfer pricing positions.

For large multinationals, those tasks have become more burdensome as tax authorities demand more detailed support for cross-border arrangements. Software providers have responded by building tools that automate calculations, standardise reporting and help companies maintain records across jurisdictions.

Intra Pricing Solutions’ management said the transaction would allow it to continue developing its software within a larger platform.

“We were looking for a partner that shares our long-term vision for innovation in transfer pricing,” said Arjen Rommens, Co-Founder & CTO, Intra Pricing Solutions.

“In Alphatax, we found exactly that. Together we can invest more, innovate faster and continue supporting our customers for many years to come,” Rommens added.

TP Accurate was founded to address pricing for intercompany financial transactions, a niche but significant part of the market. Such transactions can be difficult to assess because companies must justify the terms applied between related parties as though they had been agreed by independent entities.

Michael Vorndran, Founder of TP Accurate, said that focus would now sit within a larger organisation with a broader customer base.

“I founded TP Accurate to address a longstanding gap in transfer pricing technology: the ability to accurately price intercompany financial transactions, which run into the trillions of dollars annually,” said Michael Vorndran, Founder, TP Accurate.

“Joining Alphatax means many more companies around the world can benefit from our solution and we’re proud to be part of a team like Alphatax,” Vorndran added.

Market position

Alphatax is backed by Providence Equity Partners and sells tax and accounting software to large companies and advisory firms. It says it works with more than 42% of the FTSE 100 and 80% of the top advisory firms, while more than 30,000 tax professionals have been trained to use its software.

The group has operated for more than three decades and has sought to widen its reach across tax compliance functions as companies digitise processes once handled through spreadsheets and localised applications. More than 200,000 submissions are filed each year using its systems, according to the company.

By acquiring specialist providers rather than building every function in-house, Alphatax is following a path taken by many software groups seeking to assemble broader platforms in niche business markets. In tax technology, where rules differ by jurisdiction and compliance demands shift regularly, vendors argue that integrated tools can help companies manage risk more consistently across their operations.

The two acquisitions place greater emphasis on transfer pricing, an area that remains both technically complex and commercially important for multinational groups with cross-border financing and intercompany trading arrangements.