Intercompany integration solution for SAP Business One
Growing organizations that control more than one legal business entity are sometimes faced with the challenge of how to share data between partner companies. This solution enables businesses to manage intercompany transactions for more than one company by automatically replicating corresponding transactions across multiple company databases.
Important Announcement: CitiXsys and SAP have agreed to increase their co-innovation activities which results in the delivery of the intercompany integration solution for SAP Business One.
Combining the strength of both companies, this solution will address the market needs better than ever.
More information available at http://channel.sap.com/sbo/intercompany
Intercompany Mapping Tools help implement SAP Business One Intercompany Solution more swiftly. Download these tools below.
In many countries (Particularly Brazil), Intercompany solution is also known as B1BC. It stands for ‘Business One Branch Consolidation. The Intercompany Solution is a Financial Consolidation Software for SAP Business One that enables businesses to manage intercompany transactions for more than one company within a group of companies by automatically replicating corresponding transactions across multiple company databases. Automating the replication of such transactions significantly reduces the amount of end user effort and manual rekeying of data to maintain intercompany trading financial statements.
More than that this Financial Consolidation Software for SAP Business One allows generation of consolidated financial statements considering all group companies. Financial statements like Balance Sheet, Profit & Loss statement, Trial Balance report, etc are non-customized, standard SAP Business One report to maintain consistency of layout and authenticity of data.
- Is your business part of a global group of companies?
- Do you transact between your group companies? – Purchase inventory from a group company?
- Do you have to produce financial consolidation reports on a monthly, quarterly and /or annual basis?
- Do you need to recreate and rekey master data in more than one SAP Business One company database?
- Are all your recurring expenses paid centrally from one company?
- Do you have to manually rekey intercompany transactions into your multiple SAP Business One company databases?
If you answered yes to any or all of the above then you need the Intercompany – Financial Consolidation Software from CitiXsys designed specifically for SAP Business One.
Why is Intercompany – Financial Consolidation Software different?
How does this Financial Consolidation Software for SAP Business One help my business?
Why choose Intercompany for SAP Business One from CitiXsys?
Continue Reading to get answers to these questions….
Master Data Replication
Enables Replication of essential Master Data across partner companies such as Item Group Master, Item Master, Business Partner Master, Payment Terms Master, Currency Master and many more.
Automates the flow of marketing documents across partner companies by creating reciprocal documents in the other company. This includes conversion of Purchase Order to Sales Order, Delivery to Goods Receipt PO, A/R Invoice to A/P Invoice, Goods Return to Return and A/P Credit Memo to A/R Credit Memo.
Allocates revenue and expenses from the company head office to sales or distribution subsidiaries or vice versa. The G/L Allocation allows intercompany transactions to be posted automatically.
The Financial Consolidation Module enables the user to generate the consolidated Financial Statements like Balance Sheet, Profit & Loss Statement and Trial Balance for subsidiaries even with different chart of account structures and different local currencies. You can get Consolidation of individual Accounts based on Historical Exchange Rates, Closing Exchange Rate or Average Exchange Rates. The application also allows consolidation of financial statements adjusted to reflect minority interests in companies within the group
Enables the partner companies to delegate other partner companies to make outgoing payments on their behalf.
Deployed across multiple instances of SAP Business One which are geographically dispersed.
Why is intercompany different?
Ever increasing globalization has made it easier for organizations to harness the benefits of conducting businesses across borders. This geographical spread brings along with it unique business challenges that intercompany integration solution for SAP Business One addresses, making it an absolute must for a mid-market multinational company.
InterCompany integration solution for SAP Business One ties the 2 extreme ends of the spectrum where on one hand it allows centralized control over financial management and on the other allows a subsidiary to function as per the local statutory norms.
InterCompany integration solution for SAP Business One utilizes the proven and cutting edge integration technology from SAP. Reducing the need of “always connected over Internet”, it allows subsidiaries to conduct business independently and yet maintain data integrity at the central level.