Growing organizations that control more than one legal business entity are sometimes faced with the challenge of how to share data and perform intercompany transactions between partner companies.
The Intercompany integration solution for SAP Business One enables businesses running SAP Business One to manage Intercompany transactions for multiple companies by automatically replicating corresponding transactions across multiple company databases. Automating the replication of such transactions significantly reduces the effort required to generate Intercompany trading financial statements.
The key functionality of intercompany integration solution includes:
MASTER DATA REPLICATION AND CONTENT SHARING
Master data such as item masters and business partner master data should be in sync across all organizations, so the same data is used to describe the same part or business partner. 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 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.
The Intercompany solution supports the replication of essential master data across partner companies such as Freight Master, Currency Master, Payment Terms, Item Master Data, Business Partner Master Data, etc.
SUPPORT FOR STANDARDIZED PROCESSES ACROSS BUSINESS ENTITIES
The Intercompany integration solution automatically creates an intercompany transaction as a reciprocal 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 purchase order 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, reciprocal transaction in the other company database eliminates manual data entry, improves employee productivity, and reduces the potential for errors from entering data again
The Intercompany integration solution for SAP Business One helps meeting these requirements by providing the following:
Intercompany Trade | General Ledger (GL) Allocations | Accounts Payable (AP) Service Invoice Allocation | Centralized Payments
VISIBILITY INTO OPERATIONS ACROSS BUSINESS ENTITIES
Operational visibility and risk management are key considerations for any business with multiple operational units. The Intercompany integration solution for SAP Business One helps meeting these requirements by providing the following:
- Multilevel Financial Consolidation
- Branch Inventory in Warehouse Report
- Branch Balances Report
- Branch Sales Analysis Report
- Unposted Intercompany Transactions Report
- Remote Query Execution
IMPROVED CONTROL AND COLLABORATION
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 providing the following:
- Consolidated Credit Limit Check
- Intercompany Workflow
- Business Transaction Notifications
- Multicurrency and multi-instance support