Comparables screening · accept · reject
Transfer pricing,
automated.
TP Quants is a transfer pricing platform built on deterministic foundations: economist logic engineered into software. The AI accelerates the work. It never sets a number.
Traceability
Documentation status
0%
Every step loggedParties · jurisdiction · contractual terms
Engineered in house
TP Quants
AI-assisted automation
Financial Services
Credit risk · interest rates · swaps· back-to-back margin · cash pooling
Live
Transfer pricing,
automated.
TP Quants is a transfer pricing platform built on deterministic foundations: economist logic engineered into software. The AI accelerates the work. It never sets a number.
Comparables screening · accept · reject
Traceability
Documentation status
0%
Every step loggedParties · jurisdiction · contractual terms
Engineered in house
TP Quants
AI-assisted automation
Financial Services
Credit risk · interest rates · swaps· back-to-back margin · cash pooling
Live
Cash pooling · g-fee · thin cap next
Transfer pricing,
automated.
TP Quants is a transfer pricing platform built on deterministic foundations: economist logic engineered into software. The AI accelerates the work. It never sets a number.
Comparables screening · accept · reject
Traceability
Documentation status
0%
Every step loggedParties · jurisdiction · contractual terms
Engineered in house
TP Quants
AI-assisted automation
Financial Services
Credit risk · interest rates · swaps· back-to-back margin · cash pooling
Live
ABOUT THE FOUNDER
ABOUT THE FOUNDER
We built the tool we always needed, and never had.
TP Quants was founded by a transfer pricing economist who spent years inside international law firms and advisory practices, running the same analyses the platform now automates.
He knows what it takes to defend a position in front of a tax authority, because he has done it, across multiple jurisdictions.
Nicolas
Jeangeorges
Founder, TP Quants
Previously: Economist Counsel, Baker McKenzie · Co-founder & COO of a legal tech start up (seed-funded 2025)
Transfer pricing economist and valuations specialist, focused on intra-group financing, IP and business valuation, and transfer pricing policy design. He has advised multinationals through economic modelling and benchmarking, TP documentation, tax audits, litigation, MAPs and APAs across multiple jurisdictions.
He pairs that domain depth with hands-on experience building and scaling AI-driven legal-tech.
Luxembourg TP Firm of the Year — ITR European Tax Awards (2016–2020, 2024), at his former firm
Rising Star — ITR World Tax 2025
Certified Business Valuator
We built the tool we always needed, and never had.
TP Quants was founded by a transfer pricing economist who spent years inside international law firms and advisory practices, running the same analyses the platform now automates.
He knows what it takes to defend a position in front of a tax authority, because he has done it, across multiple jurisdictions.
Nicolas
Jeangeorges
Founder, TP Quants
Previously: Economist Counsel, Baker McKenzie · Co-founder & COO of a legal tech start up (seed-funded 2025)
Transfer pricing economist and valuations specialist, focused on intra-group financing, IP and business valuation, and transfer pricing policy design. He has advised multinationals through economic modelling and benchmarking, TP documentation, tax audits, litigation, MAPs and APAs across multiple jurisdictions.
He pairs that domain depth with hands-on experience building and scaling AI-driven legal-tech.
Luxembourg TP Firm of the Year — ITR European Tax Awards (2016–2020, 2024), at his former firm
Rising Star — ITR World Tax 2025
Certified Business Valuator
We built the tool we always needed, and never had.
TP Quants was founded by a transfer pricing economist who spent years inside international law firms and advisory practices, running the same analyses the platform now automates.
He knows what it takes to defend a position in front of a tax authority, because he has done it, across multiple jurisdictions.
Nicolas Jeangeorges
Founder, TP Quants
Previously: Economist Counsel, Baker McKenzie · Co-founder & COO of a legal tech start up (seed-funded 2025)
Transfer pricing economist and valuations specialist, focused on intra-group financing, IP and business valuation, and transfer pricing policy design. He has advised multinationals through economic modelling and benchmarking, TP documentation, tax audits, litigation, MAPs and APAs across multiple jurisdictions.
He pairs that domain depth with hands-on experience building and scaling AI-driven legal-tech.
Luxembourg TP Firm of the Year — ITR European Tax Awards (2016–2020, 2024), at his former firm
Rising Star — ITR World Tax 2025
Certified Business Valuator
Three Ways to Work with TP Quants
The same engine.
Three ways in.
The same engine.
Three ways in.
One deterministic core, Al rolling out.
License it, partner on it, or let us run it.
LICENSE IT • THE PLATFORM
For large law firms & in-house TP teams.
You do transfer pricing. Do it faster and more rigorously, with a full audit trail, in your own workflow and templates.
Included features
Quantitative: model-backed analysis, not spreadsheet guesswork.
Auditable: every output documented, traceable, and ready to defend.
AI-ready: automation across the workflow, AI rolling out. You stay in control.
Yours: keep your own templates and data licences. We power the analysis; the document stays your firm's.
PARTNER ON IT
For firms without a TP division.
Offer transfer pricing to your clients through TP Quants, without building a TP team.
Included features
Your client: you keep and own the relationship.
Your bench: we carry the work, no TP team to hire.
One secured portal: Q&A, tracking and follow-up in one place.
Reviewed: senior-practitioner sign-off on every output.
PARTNER ON IT
For firms without a TP division.
Offer transfer pricing to your clients through TP Quants, without building a TP team.
Included features
Your client: you keep and own the relationship.
Your bench: we carry the work, no TP team to hire.
Senior counsel throughout — No junior-only delivery. Ever.
Reviewed: senior-practitioner sign-off on every output.
LET US RUN IT • DONE-FOR-YOU
For companies that need TP done for them.
Independent and end to end: your TP work, run for you. For organisations of every size.
Included features
Fixed-fee: one price agreed upfront.
Delivered in hours: from kick-off to signed output.
Senior practitioner: reviews and signs off every output.
Right-sized: from short memo to full documentation.
How It Works · License the Platform
From transaction to signed-off deliverable.
In hours, not weeks.
Designed around how transfer pricing work actually gets done: structured inputs, sequential analysis, expert review, and a final output ready to submit. It runs on one auditable core, expanding module by module across every transaction type: intra-group financing, services, IP and more.
Parties · jurisdiction · currency
Step 01
Structure the transaction
Define the intra-group transaction: financing, services, IP licensing, or tangible goods. Set the parameters: parties, covered transaction, jurisdictions. The platform structures the analysis around your specific facts.
Benchmark Analysis
Assessing credit risk…
Sourcing market data…
Step 02
Benchmark with precision
Guide the tool with your own judgment, or let it run automatically, always grounded in arm's length principles and the applicable regulatory framework, with a full audit trail either way. Every step is visible, adjustable, and traceable.
Documentation
Benchmarking MemoExternal CUP comparables, ranked
1/4
Step 03
Deliver and defend
Export audit-ready documentation: benchmarking memos, TP studies, workpapers. Every conclusion is traceable to its source. Every assumption is documented. Ready to submit, ready to defend.
Collaboration without silos
Track projects, share progress, and communicate directly within the platform. Every team member works from the same source: no version confusion, no scattered threads.
How It Works · License the Platform
From transaction to signed-off deliverable.
In hours, not weeks.
Designed around how transfer pricing work actually gets done: structured inputs, sequential analysis, expert review, and a final output ready to submit. It runs on one auditable core, expanding module by module across every transaction type: intra-group financing, services, IP and more.
Parties · jurisdiction · currency
Step 01
Structure the transaction
Define the intra-group transaction: financing, services, IP licensing, or tangible goods. Set the parameters: parties, covered transaction, jurisdictions. The platform structures the analysis around your specific facts.
Benchmark Analysis
Assessing credit risk…
Sourcing market data…
Step 02
Benchmark with precision
Guide the tool with your own judgment, or let it run automatically, always grounded in arm's length principles and the applicable regulatory framework, with a full audit trail either way. Every step is visible, adjustable, and traceable.
Documentation
Benchmarking MemoExternal CUP comparables, ranked
1/4
Step 03
Deliver and defend
Export audit-ready documentation: benchmarking memos, TP studies, workpapers. Every conclusion is traceable to its source. Every assumption is documented. Ready to submit, ready to defend.
Collaboration without silos
Track projects, share progress, and communicate directly within the platform. Every team member works from the same source: no version confusion, no scattered threads.
How It Works · License the Platform
From transaction to signed-off deliverable.
In hours, not weeks.
Designed around how transfer pricing work actually gets done: structured inputs, sequential analysis, expert review, and a final output ready to submit. It runs on one auditable core, expanding module by module across every transaction type: intra-group financing, services, IP and more.
Parties · jurisdiction · currency
Step 01
Structure the transaction
Define the intra-group transaction: financing, services, IP licensing, or tangible goods. Set the parameters: parties, covered transaction, jurisdictions. The platform structures the analysis around your specific facts.
Benchmark Analysis
Assessing credit risk…
Sourcing market data…
Step 02
Benchmark with precision
Guide the tool with your own judgment, or let it run automatically, always grounded in arm's length principles and the applicable regulatory framework, with a full audit trail either way. Every step is visible, adjustable, and traceable.
Documentation
Benchmarking MemoExternal CUP comparables, ranked
1/4
Step 03
Deliver and defend
Export audit-ready documentation: benchmarking memos, TP studies, workpapers. Every conclusion is traceable to its source. Every assumption is documented. Ready to submit, ready to defend.
Collaboration without silos
Track projects, share progress, and communicate directly within the platform. Every team member works from the same source: no version confusion, no scattered threads.
How It Works · Done-for-you
Elite transfer pricing analysis.
At a fixed price. Delivered in hours.
TP Quants delivers transfer pricing analyses and documentation aligned with the OECD Transfer Pricing Guidelines and local rules: deterministic, reviewed and signed off by a senior TP practitioner.
From mandate to deliverable
in four steps
STEP 1
Scope your mandate
Define the matter: transaction type, counterparties, jurisdictions, and documentation purpose. Select your deliverable: benchmark summary, internal memo, or full TP study.
STEP 2
Submit your documents
We confirm your mandate and send a precise document request: exactly what's needed, nothing more. Upload securely inside the platform. No endless back-and-forth or open-ended information requests, and a senior practitioner is on hand if you have questions.
STEP 3
We run the analysis
The TP Quants platform runs the full workflow: economic modelling, benchmarking and regulatory framing against the applicable OECD framework and local rules, built on our proprietary models and live market data. Every step is documented, traceable, and auditable from source to conclusion.
STEP 4
Receive your deliverable
Delivered to your agreed timeline. Our senior TP practitioner reviews every conclusion before sign-off. Your deliverable is complete, self-contained, and ready for submission, audit-board presentation, or Local File inclusion.
Interest Rate Analysis
LIVE
Intercompany loan pricing, arm's length evidenced.
Back-to-back financing
LIVE
Intra-group financing activities remuneration.
Cash pooling
LIVE
Deposit and borrowing rates for intra-group cash pools.
rolling out next - COMING SOON
coming soon
Debt-to-equity
Debt capacity analysis
Debt capacity and thin-capitalisation assessment.
coming soon
IP royalty benchmark
Arm's length royalty · DEMPE
Royalty rates and DEMPE functional analysis for IP transactions.
coming soon
Guarantee fee
Group financial support
Arm's length G-fee calculation and cross-entity credit enhancements.
coming soon
Asset & fund management
Management fee benchmarking
Arm's length fee analysis for investment management and fund administration services.
How It Works · Done-for-you
Elite transfer pricing analysis.
At a fixed price. Delivered in hours.
TP Quants delivers transfer pricing analyses and documentation aligned with the OECD Transfer Pricing Guidelines and local rules: deterministic, reviewed and signed off by a senior TP practitioner.
From mandate to deliverable
in four steps
STEP 1
Scope your mandate
Define the matter: transaction type, counterparties, jurisdictions, and documentation purpose. Select your deliverable: benchmark summary, internal memo, or full TP study.
STEP 2
Submit your documents
We confirm your mandate and send a precise document request: exactly what's needed, nothing more. Upload securely inside the platform. No endless back-and-forth or open-ended information requests, and a senior practitioner is on hand if you have questions.
STEP 3
We run the analysis
The TP Quants platform runs the full workflow: economic modelling, benchmarking and regulatory framing against the applicable OECD framework and local rules, built on our proprietary models and live market data. Every step is documented, traceable, and auditable from source to conclusion.
STEP 4
Receive your deliverable
Delivered to your agreed timeline. Our senior TP practitioner reviews every conclusion before sign-off. Your deliverable is complete, self-contained, and ready for submission, audit-board presentation, or Local File inclusion.
Interest Rate Analysis
LIVE
Intercompany loan pricing, arm's length evidenced.
Back-to-back financing
LIVE
Intra-group financing activities remuneration.
Cash pooling
LIVE
Deposit and borrowing rates for intra-group cash pools.
rolling out next - COMING SOON
coming soon
Debt-to-equity
Debt capacity analysis
Debt capacity and thin-capitalisation assessment.
coming soon
IP royalty benchmark
Arm's length royalty · DEMPE
Royalty rates and DEMPE functional analysis for IP transactions.
coming soon
Guarantee fee
Group financial support
Arm's length G-fee calculation and cross-entity credit enhancements.
coming soon
Asset & fund management
Management fee benchmarking
Arm's length fee analysis for investment management and fund administration services.
How It Works · Done-for-you
Elite transfer pricing analysis. At a fixed price. Delivered in hours.
TP Quants delivers transfer pricing analyses and documentation aligned with the OECD Transfer Pricing Guidelines and local rules: deterministic, reviewed and signed off by a senior TP practitioner.
From mandate to deliverable
in four steps
STEP 1
Scope your mandate
Define the matter: transaction type, counterparties, jurisdictions, and documentation purpose. Select your deliverable: benchmark summary, internal memo, or full TP study.
STEP 2
Submit your documents
We confirm your mandate and send a precise document request: exactly what's needed, nothing more. Upload securely inside the platform. No endless back-and-forth or open-ended information requests, and a senior practitioner is on hand if you have questions.
STEP 3
We run the analysis
The TP Quants platform runs the full workflow: economic modelling, benchmarking and regulatory framing against the applicable OECD framework and local rules, built on our proprietary models and live market data. Every step is documented, traceable, and auditable from source to conclusion.
STEP 4
Receive your deliverable
Delivered to your agreed timeline. Our senior TP practitioner reviews every conclusion before sign-off. Your deliverable is complete, self-contained, and ready for submission, audit-board presentation, or Local File inclusion.
Interest Rate Analysis
LIVE
Intercompany loan pricing, arm's length evidenced.
Back-to-back financing
LIVE
Intra-group financing activities remuneration.
Cash pooling
LIVE
Deposit and borrowing rates for intra-group cash pools.
rolling out next - COMING SOON
coming soon
Debt-to-equity
Debt capacity analysis
Debt capacity and thin-capitalisation assessment.
coming soon
IP royalty benchmark
Arm's length royalty · DEMPE
Royalty rates and DEMPE functional analysis for IP transactions.
coming soon
Guarantee fee
Group financial support
Arm's length G-fee calculation and cross-entity credit enhancements.
coming soon
Asset & fund management
Management fee benchmarking
Arm's length fee analysis for investment management and fund administration services.
Need something we don't
yet productise?
Mandate outside the fixed-fee programme?
Our programme covers a growing set of standardised workflows, starting with intra-group financing while it keeps expanding. If your need sits outside what's live today, tell us, we'd like to hear about it.
Our programme covers a growing set of standardised workflows, starting with intra-group financing while it keeps expanding. If your need sits outside what's live today, tell us, we'd like to hear about it.
Your data is yours.
Private and secured.
TP Quants is built on a simple principle: your data is yours alone. It is never sold, never used to train AI models, kept isolated from other clients’ data, and accessible only to your authorised users and the limited TP Quants team needed to run and support the service. Wherever possible, this is enforced by how the platform is built, not just promised in a policy.
Your data, never ours.
What you bring into the platform stays within your environment. We will never share, sell, or expose your data to any third party, under any circumstance.
Encrypted and access-controlled.
All data is encrypted in transit and at rest using industry-standard protocols. Access is authenticated, permission-based, and fully logged.
EU data residency by design · Built on ISO 27001 & SOC 2-certified infrastructure · GDPR-compliant Data Processing Agreement available · No client data is ever used to train AI models.
Your data is yours.
Private and secured.
TP Quants is built on a simple principle: your data is yours alone. It is never sold, never used to train AI models, kept isolated from other clients’ data, and accessible only to your authorised users and the limited TP Quants team needed to run and support the service. Wherever possible, this is enforced by how the platform is built, not just promised in a policy.
Your data, never ours.
What you bring into the platform stays within your environment. We will never share, sell, or expose your data to any third party, under any circumstance.
Encrypted and access-controlled.
All data is encrypted in transit and at rest using industry-standard protocols. Access is authenticated, permission-based, and fully logged.
EU data residency by design · Built on ISO 27001 & SOC 2-certified infrastructure · GDPR-compliant Data Processing Agreement available · No client data is ever used to train AI models.
Your data is yours.
Private and secured.
TP Quants is built on a simple principle: your data is yours alone. It is never sold, never used to train AI models, kept isolated from other clients’ data, and accessible only to your authorised users and the limited TP Quants team needed to run and support the service. Wherever possible, this is enforced by how the platform is built, not just promised in a policy.
Your data, never ours.
What you bring into the platform stays within your environment. We will never share, sell, or expose your data to any third party, under any circumstance.
Encrypted and access-controlled.
All data is encrypted in transit and at rest using industry-standard protocols. Access is authenticated, permission-based, and fully logged.
EU data residency by design · Built on ISO 27001 & SOC 2-certified infrastructure · GDPR-compliant Data Processing Agreement available · No client data is ever used to train AI models.
Frequently
asked questions
Who is TP Quants for?
Three groups, one software engine: law firms and in-house tax teams license the platform; firms without a TP division partner with us to serve their clients; companies, PE and RE funds have us run TP for them, done-for-you.
How much does the AI do, and how much a human?
The engine is deterministic: every figure comes from the quantitative core and is traceable to its source, never a black box. AI automation rolls out on top, never at the expense of traceability. A senior TP practitioner signs off every output: ours in a done-for-you engagement, yours when you run it on the platform.
Are the outputs audit-ready and defensible?
Yes. Every output is built to be audit-ready and defensible: traceable to its source data, its assumptions, and the applicable OECD and local rules, with a full audit trail.
Is my data secure? Is it used to train AI models?
Your data is yours. It is never sold and never used to train AI models, by design, not just policy. It is kept isolated from other clients' data and accessible only to your authorised users and the limited TP Quants team needed to run and support the service. It is encrypted in transit and at rest, access is role-based and logged, and it is hosted in the EU under a GDPR-compliant Data Processing Agreement, on ISO 27001 & SOC 2 certified infrastructure.
What's live today, and which rules does it cover?
Live today: intra-group financing, covering Interest Rate Analysis, Back-to-Back Financing and Cash Pooling, under the OECD Transfer Pricing Guidelines and Luxembourg's local rules (Articles 56 and 56bis LIR and Circular 56/1-56bis/1). Next: debt-to-equity, asset management and IP royalty benchmarking. Further OECD jurisdictions are rolling out, and we adapt coverage to client demand.
Do I need my own market-data subscription?
For done-for-you engagements, no: we run the analysis on our own licensed benchmarking data, across the full range of covered intra-group transactions. When you license the platform, it plugs into your firm's own data subscriptions and templates.
What's included, and can I choose the format?
Yes: a one-page benchmark summary, a TP memo, or a full audit-ready report. You pick, and the fee follows the scope rather than a forced default. Each mandate includes a review round, a call to walk through the results, senior sign-off, and secure delivery.
How much does it cost, and how fast?
Done-for-you Interest Rate Analysis may start from €1,500, fixed: confirmed before any work begins, with no hourly billing. Delivered in hours for standard mandates. Platform licensing is priced per firm and volume.
Do you replace our advisors, or work alongside them?
Both. Firms run it themselves on the platform; firms without a TP team partner with us and keep the relationship (we never go direct to your clients unless requested); companies without in-house TP have us run it. We don't compete with our platform customers.
Ready to work differently?
Whether you want to license the platform or hand us the mandate: get in touch.
Frequently
asked questions
Who is TP Quants for?
Three groups, one software engine: law firms and in-house tax teams license the platform; firms without a TP division partner with us to serve their clients; companies, PE and RE funds have us run TP for them, done-for-you.
How much does the AI do, and how much a human?
The engine is deterministic: every figure comes from the quantitative core and is traceable to its source, never a black box. AI automation rolls out on top, never at the expense of traceability. A senior TP practitioner signs off every output: ours in a done-for-you engagement, yours when you run it on the platform.
Are the outputs audit-ready and defensible?
Yes. Every output is built to be audit-ready and defensible: traceable to its source data, its assumptions, and the applicable OECD and local rules, with a full audit trail.
Is my data secure? Is it used to train AI models?
Your data is yours. It is never sold and never used to train AI models, by design, not just policy. It is kept isolated from other clients' data and accessible only to your authorised users and the limited TP Quants team needed to run and support the service. It is encrypted in transit and at rest, access is role-based and logged, and it is hosted in the EU under a GDPR-compliant Data Processing Agreement, on ISO 27001 & SOC 2 certified infrastructure.
What's live today, and which rules does it cover?
Live today: intra-group financing, covering Interest Rate Analysis, Back-to-Back Financing and Cash Pooling, under the OECD Transfer Pricing Guidelines and Luxembourg's local rules (Articles 56 and 56bis LIR and Circular 56/1-56bis/1). Next: debt-to-equity, asset management and IP royalty benchmarking. Further OECD jurisdictions are rolling out, and we adapt coverage to client demand.
Do I need my own market-data subscription?
For done-for-you engagements, no: we run the analysis on our own licensed benchmarking data, across the full range of covered intra-group transactions. When you license the platform, it plugs into your firm's own data subscriptions and templates.
What's included, and can I choose the format?
Yes: a one-page benchmark summary, a TP memo, or a full audit-ready report. You pick, and the fee follows the scope rather than a forced default. Each mandate includes a review round, a call to walk through the results, senior sign-off, and secure delivery.
How much does it cost, and how fast?
Done-for-you Interest Rate Analysis may start from €1,500, fixed: confirmed before any work begins, with no hourly billing. Delivered in hours for standard mandates. Platform licensing is priced per firm and volume.
Do you replace our advisors, or work alongside them?
Both. Firms run it themselves on the platform; firms without a TP team partner with us and keep the relationship (we never go direct to your clients unless requested); companies without in-house TP have us run it. We don't compete with our platform customers.
Ready to work differently?
Whether you want to license the platform or hand us the mandate: get in touch.
Frequently asked questions
Who is TP Quants for?
Three groups, one software engine: law firms and in-house tax teams license the platform; firms without a TP division partner with us to serve their clients; companies, PE and RE funds have us run TP for them, done-for-you.
How much does the AI do, and how much a human?
The engine is deterministic: every figure comes from the quantitative core and is traceable to its source, never a black box. AI automation rolls out on top, never at the expense of traceability. A senior TP practitioner signs off every output: ours in a done-for-you engagement, yours when you run it on the platform.
Are the outputs audit-ready and defensible?
Yes. Every output is built to be audit-ready and defensible: traceable to its source data, its assumptions, and the applicable OECD and local rules, with a full audit trail.
Is my data secure? Is it used to train AI models?
Your data is yours. It is never sold and never used to train AI models, by design, not just policy. It is kept isolated from other clients' data and accessible only to your authorised users and the limited TP Quants team needed to run and support the service. It is encrypted in transit and at rest, access is role-based and logged, and it is hosted in the EU under a GDPR-compliant Data Processing Agreement, on ISO 27001 & SOC 2 certified infrastructure.
What's live today, and which rules does it cover?
Live today: intra-group financing, covering Interest Rate Analysis, Back-to-Back Financing and Cash Pooling, under the OECD Transfer Pricing Guidelines and Luxembourg's local rules (Articles 56 and 56bis LIR and Circular 56/1-56bis/1). Next: debt-to-equity, asset management and IP royalty benchmarking. Further OECD jurisdictions are rolling out, and we adapt coverage to client demand.
Do I need my own market-data subscription?
For done-for-you engagements, no: we run the analysis on our own licensed benchmarking data, across the full range of covered intra-group transactions. When you license the platform, it plugs into your firm's own data subscriptions and templates.
What's included, and can I choose the format?
Yes: a one-page benchmark summary, a TP memo, or a full audit-ready report. You pick, and the fee follows the scope rather than a forced default. Each mandate includes a review round, a call to walk through the results, senior sign-off, and secure delivery.
How much does it cost, and how fast?
Done-for-you Interest Rate Analysis may start from €1,500, fixed: confirmed before any work begins, with no hourly billing. Delivered in hours for standard mandates. Platform licensing is priced per firm and volume.
Do you replace our advisors, or work alongside them?
Both. Firms run it themselves on the platform; firms without a TP team partner with us and keep the relationship (we never go direct to your clients unless requested); companies without in-house TP have us run it. We don't compete with our platform customers.