Case Study: Stockmann improves transfer pricing compliance and centralizes knowledge with Aibidia

How Stockmann stays on top of their compliance, improves processes and centralizes transfer pricing knowledge

Stockmann, a major retail group based in Finland, faced a significant challenge when a sudden retirement left them with incomplete transfer pricing documentation and a strict compliance deadline. To address this, Head of Group Finance Pekka Poikonen turned to the vendor Aibidia and its Platform to digitally transform their compliance process, improve documentation quality, and centralize knowledge beyond a handful of key people.

By implementing Aibidia's Platform, Stockmann gained a centralized and structured solution for managing all transfer pricing data and documentation. This enabled improved teamwork, a smoother process, and less dependency on specific individuals. The results included quickly created, high-quality documentation that received positive feedback from the Finnish Tax Administration. Aibidia provided the support needed for the team to get up to speed and achieve their compliance goals efficiently.

Stockmann

Pekka Poikonen

Head of Group Finance