Automate InterCompany Accounting and Reporting on SAP Business One.

For companies with multiple business units or subsidiaries, intercompany transactions and integration create complexity.

Minimizing this complexity is critical when you need to consolidate financials across all operations for reporting, provide visibility into the sales performance of each business entity, or streamline intercompany procurement transactions.

Benefits of Using InterCompany

• Manage multiple subsidiaries, business units, legal entities and currencies
• Replicate and share master data
• Consolidate, coordinate, and view activities across all business units without manual reconciliation
• Reduce the cycle time to collate, consolidate and report financial data
• Apply standardized and transparent financial processes across business entities
• Easily and intuitively manage cross-subsidiary financial information
• Increase productivity as a result of time saved and simplified transactions

Master Data Replication and Content Sharing

Relevant master data should be in sync across all organizations. This establishes a common language among all business entities for intercompany transactions. You can be confident that the following will be consistent across your companies:

• Item name and key item attributes
• Vendor name and key supplier attributes
• Bill of materials
• Price list
• Certain custom, user-defined fields

Standardized, Transparent Business Processes Across Business Entities

Creates an intercompany transaction as a mirror transaction in the other business unit – and does so in a standardized and transparent manner.

• Intercompany trade Exchange of reciprocal documents such as POs, receipts, invoices, and credit memos
• General ledger (GL) allocations Allocation of income and expenses across business entities by automatically creating balanced GL postings to intercompany accounts
• Accounts payable (AP) service invoice allocation Allocations of expenses booked through AP service invoices across branch companies
• Centralized payments Delegation of invoices for payment by another business by automatically creating balanced GL postings to intercompany accounts

Inter and Intra Company Transactions

• Multilevel financial consolidation
• Intercompany warehouse inventory report
• Branch balances report
• Consolidated sales analysis report
• Unposted transactions report