For a corporate entity, a related party transaction is one that results in the transfer of services, resources, or obligations between a company and its related parties. These transactions may or may not result in a price being charged. These may be a single set of individual transactions or groups of transactions. The transactions may be between related parties of group, parent or subsidiary entities but may also include transactions amongst indirectly related individuals/ entities. Applications expertly designed for management of Related Party Transactions, such as Affinisio(RPT) automate management for this high-risk area permanently and safely.
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