Case Study: Fortum streamlines transfer pricing with Aibidia

How Fortum transforms their transfer pricing processes

Fortum, the largest electricity retailer in the Nordic region, faced challenges with its decentralized and manual transfer pricing processes. Their tax team struggled with low data quality, a lack of oversight across numerous legal entities, and inefficient workflows that required consolidating information from hundreds of emails and spreadsheets. To address this, Fortum turned to the vendor Aibidia and its platform to automate and centralize its operations.

By implementing Aibidia's Data Studio and TPDoc solutions, Fortum centralized its data management and automated the preparation of local files. The results were significant, including a 65% automation rate for transactions within one year, major cost reductions by limiting external advisors to review-only roles, and greatly improved transparency and efficiency across departments. Aibidia's platform provided a single source of truth for all agreements and data, fundamentally transforming Fortum's transfer pricing process.

Fortum

Dominik Bielecki

Manager, Data Sourcing and Development