For any company with multiple business units or subsidiaries, intercompany transactions and integration create operational 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.
Without automating and streamlining intercompany transactions and integration, such activities require painful manual reconciliation and aggregation. Businesses like yours that want to reduce the time and effort associated with processing intercompany transactions and complying with regulations implement the SAP® Business One application. You want to synchronize data such as item numbers and vendor names between systems, so your
business entities share a common language when transacting with each other. You also want to reduce errors and increase productivity by eliminating the need to manually create intercompany transactions in multiple systems. For example, when one of your business entities creates a PO in its system to buy from another entity, that action should automatically create a sales order in the system of the selling entity. Finally, you want to make sure that financial consolidation and aggregate sales pipeline reporting are no
The SAP Business One application, designed for small businesses and subsidiaries of large enterprises, lets you coordinate operations, increase visibility, and transform decision making in a cost-effective manner. The intercompany integration solution for SAP Business One allows you to streamline your intercompany consolidation and collaboration processes to reduce costly errors from manual efforts and increase employee productivity. This integration solution enables scenarios such as financial consolidation and intercompany procurement between two or more organizations running SAP Business One.
The key functionality of this intercompany integration solution includes:
Master data such as item numbers and vendor names should be in sync across all organizations, so the same data is used to describe the same part or vendor. This establishes a common language among business entities for intercompany transactions. It also provides a common frame of reference for analyzing the performance of a business unit, interpreting reports from two different subsidiaries, and gaining a consolidated view such as aggregate spend with a aggregate spend with supplier or inventory holdings across all operations. Having common master data eliminates the manual effort associated with aggregating data across your organizations.
With the intercompany integration solution, you can be confident that all your business units are using consistent master data, including:
The intercompany integration solution automatically creates an intercompany transaction as a mirror transaction in the SAP Business One application of another business unit – and does so in a standardized and transparent manner. Consider a sales subsidiary that buys finished goods from a manufacturing plant. When the sales subsidiary creates a PO in its SAP Business One application, the solution automatically triggers the creation of a sales order transaction in the SAP Business One application of the manufacturing plant. The ability to automatically create a related transaction in the other application eliminates manual data entry, improves employee productivity, and reduces the potential for errors from rekeying data.
Some of the common processes supported by the intercompany integration solution include:
Operational visibility and risk management are key considerations for any business with multiple operational units. While the corporate controller needs an accurate and timely rollup of GL accounts for financial consolidation, supply chain managers need visibility into inventory balances at various storage locations across the organization, including those in other countries and subsidiaries.
The intercompany integration solution for SAP Business One helps you meet these requirements by providing:
Automation of intercompany business processes, as well as visibility into the operations of business units, is not enough. Each organization also needs control over activities that impact it from the time those activities originate in other business entities.
The intercompany integration solution for SAP Business One enables control and collaboration by the following functionality:
Now you can automate your intercompany consolidation and collaboration processes with SAP Business One. Using its intercompany integration solution, you can consolidate, coordinate, and view activities across all business units that run SAP Business One without manually intensive reconciliation or duplicate data entry.
The intercompany integration solution delivers productivity-enhancing benefits to organizations that need to consolidate financials across operations for reporting, gain visibility into the sales performance of individual business entities, or streamline intercompany procurement transactions. By automating intercompany consolidation and collaboration, it reduces the time and effort associated with intercompany transactions – while eliminating costly errors resulting from manual reconciliation and aggregation.
Need another reason to choose the solution? You’ll gain visibility across business entities to drive decisions and comply with regulatory requirements.
While SAP Business One is an extremely powerful app, the SAP partner you choose to help you implement it for your business matters. Like with any other custom solution, takes an intimate knowledge of both the application and the local market to be able to effectively use SAP Business One as your ERP system. And when it comes to SAP implementation, you won’t go wrong with ANSI.
ANSI Information Systems, Inc. is one of the earliest SAP Channel Partners for SAP Business One in the Philippines. It has been offering SAP ERP solutions in the country since 2006, giving ANSI over a decade of hard-earned experience in implementing SAP Business One in the Philippine retail, distribution, trading, food, and manufacturing sectors. Few, if any, other SAP partners in the Philippines can claim ANSI’s intimate knowledge of how to implement SAP Business One in those industries.
If you’re ready to make the move to SAP Business One and have it implemented by one of the most experienced teams in the business, contact us.