Automating Transfer Pricing Documentation: How Eurokonsultantai Group Is Transforming Benchmarking Across Central and Eastern Europe

As global businesses expand and corporate structures become increasingly complex, transfer pricing (TP) documentation has emerged as one of the most resource-intensive compliance tasks for finance departments and tax advisory firms. Preparing accurate benchmarking studies—a core component of TP files—requires large volumes of data, meticulous screening, and consistent methodological application. Traditionally, this process demands hours, if not days, of manual analytical work.

Seeking to dramatically reduce that burden, Eurokonsultantai group has developed a prototype of an innovative digital tool that automates a significant portion of the transfer pricing documentation process. By combining structured parameter input with automated data extraction from publicly available databases, the tool when it will be ready next year will be capable of generating a preliminary benchmark study in just minutes. This marks a notable advancement for companies and advisors across Central and Eastern Europe, where TP compliance requirements continue to accelerate.

A New Approach to Benchmarking: Speed, Accuracy, and Methodological Discipline

The tool created by Eurokonsultantai group introduces a new paradigm in TP compliance: benchmarking at scale.

Users input a predefined set of parameters—such as NACE industry code, geographic scope, financial screening criteria, and functional comparability indicators. The system then directs automated queries to publicly accessible corporate information sources, filtering companies according to OECD-aligned comparability standards. Within several minutes, the tool produces a structured benchmark study containing:

• an initial sample of companies,
• automated screening outcomes,
• financial ratio testing, and
• comparability conclusions.

While not a complete TP file on its own, the tool automates the most time-consuming portion of the process and provides specialists with a fully structured analytical base from which they can finalize and validate results.

The core innovation lies not only in the time saved, but also in the methodological consistency it enforces. Because the tool applies screening logic identically each time, it eliminates subjective variations and significantly reduces the risk of human error. This is increasingly important in jurisdictions where tax authorities are intensifying scrutiny of selection criteria, financial filters, and comparability adjustments.

Tangible Benefits for Both Specialists and Clients

For transfer pricing professionals, the tool offers a series of clear advantages:

1. Reduced manual workload
Benchmarking often requires cross-checking hundreds or even thousands of companies. Automating this eliminates repetitive tasks and allows specialists to focus on higher-value analytical work.

2. Faster delivery times
What traditionally requires hours or days can now be completed within minutes. This radically improves workflow efficiency, especially during periods when large volumes of TP documentation must be finalized in parallel.

3. Fewer human-factor mistakes
Data collection, screening, and filtering are highly vulnerable to clerical errors. Automation greatly reduces this risk and results in more reliable, more defensible benchmarking studies.

4. Increased value for clients
Clients benefit from reduced project turnaround times, improved documentation quality, and more consistent methodologies—critical factors in the event of tax authority audits.

Together, these advantages strengthen the overall quality and defensibility of TP files—an aspect that is gaining strategic importance across the region.

Transfer Pricing is Growing in Importance Across Central and Eastern Europe

Over the last decade, Central and Eastern Europe has seen rapid growth in domestic businesses evolving into multi-company structures or integrating into regional and global value chains. As local enterprises transform into corporate groups, the number of controlled transactions increases, triggering expanded TP documentation requirements.

At the same time, tax authorities across the region have intensified their focus on related-party transactions. Governments are investing in data analytics capabilities, cross-border information exchange, and targeted inspections. As a result, businesses must ensure their TP documentation is both accurate and defensible.

In this environment, tools that enhance the speed, transparency, and methodological consistency of benchmarking are becoming particularly valuable—especially for companies operating with limited internal TP resources.

Eurokonsultantai group’s solution responds directly to these growing regional needs.

From Lithuania to the Entire European Union: A Path Toward Broader Coverage

At present, the tool functions fully for Lithuanian-registered companies, leveraging the country’s comparatively accessible corporate data environment. Lithuania is among the regional leaders in opening public financial and corporate information, which enables precise screening and comparability analysis.

However, Eurokonsultantai group aims to go further. The long-term vision is to expand coverage across all EU Member States, enabling pan-European benchmarking on a unified digital platform. Achieving this goal depends on one critical factor: the willingness of national governments to open more company-level data to the public.

Countries across Europe currently differ greatly in the accessibility of financial and corporate databases. Harmonizing this landscape would empower businesses, advisors, and regulators alike, unlocking broader automation and higher-quality TP compliance.

Supported by European Union and National Funding

The development of Eurokonsultantai group’s transfer pricing automation tool has been made possible through support from the European Union funds 2021–2027 programming period, the Recovery and Resilience Facility, and co-financing from the Budget of the Republic of Lithuania. These investments reflect a broader EU-level commitment to strengthening digitalization, data accessibility, and analytical capacity within the business environment.

By leveraging these resources, Eurokonsultantai group has positioned itself at the forefront of technological innovation in the niche but increasingly vital field of transfer pricing documentation.

A New Standard for Transfer Pricing Compliance

As Central and Eastern European businesses continue maturing into complex corporate structures, the need for efficient, reliable, and scalable TP solutions will only intensify. Eurokonsultantai group’s automated benchmarking tool is a pioneering step toward meeting that demand—enhancing compliance quality while significantly reducing the operational burden on specialists and clients.

With plans for broader EU expansion, the tool represents not only a technological advancement, but also a vision for a more transparent and efficient transfer pricing environment across Europe.