Otico Software was founded to address a clear market need for practical and user-friendly time saving IT solutions for tax & legal professionals. Our initial range of products focuses on "Time Saving Tax Solutions".
Our first solution, TP Controller, is for the "information rich" field of transfer pricing, and has been designed in direct response to the OECD's base erosion and profit shifting (BEPS) initiative and new standards for compliance documentation, including country-by-country reporting (CBCR).
We believe, that BEPS generally, and CBCR in particular, are transformational developments. Both public opinion and governmental action in respect of perceived tax avoidance have hardened considerably. The continued use of inefficient, semi-automated, or manual approaches, to data storage, retrieval, control & analysis is no longer sustainable. A tipping point has been reached for tax data management and tax transparency, which requires a technology solution.