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InterCompany Business Driver
Financial Consolidation - Business Drivers


Business Drivers for Multi-Location Organizations:

In today’s globalized economy, organizations are continuously looking at means to stay ahead of the competition. Getting the right product at the right price and in the right time is key to organizational success. Organizations are therefore, looking at:

» Cost arbitrage as a key competitive advantage and are innovating ways to optimize labor, raw material and infrastructure cost.
» Spread geographically to countries which specialize in a particular aspect of the business such as manufacturing, product design, customer service and so on.
» It is therefore not unusual to have a company with Head Office in US, Sales Subsidiaries in Europe, Singapore and Australia, Manufacturing in China and product design/customer service in India.

Such growing organizations that control more than one legal business entity are sometimes faced with the challenge of how to share data between subsidiary or partner companies. The need for homogeneous and harmonized standardized processes that can create visibility across partner companies and operations is often a daunting task for companies. A greater concern is the need to improve control and collaboration across all partner companies.

  The Solution

CitiXsys InterCompany helps address these needs and more. Designed to empower a company with critical financial insight, the InterCompany Solution integrates partner companies for both operational transactions as well as management information for informed decision making.

The InterCompany Solution makes business processes and transactions easy between all these entities. The solution allows the source company to distribute Marketing documents among the InterCompany Partners and thus saves time and increases efficiency by eliminating the redundant data entry. It enables

» Data and content sharing between partner companies.
» Homogeneous and harmonized processes.
» Visibility over operations across partner companies.
» Improved control and collaboration.
» Removes intercompany reconciliation from the critical path, thereby improving the speed and accuracy of the closing process.
» Sales and demographic data against key customer attributes.

The solution uses SAP technology as the integration platform for integrating multiple instances of SAP Business One deployed across locations in an enterprise. InterCompany’s design allows it to be seamlessly deployed across multiple instances of SAP Business One which are geographically dispersed.

 
   

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