When you work with multiple business units or companies under one roof, you need to consolidate the transactions and finance to get better visibility of the business. For this, you need to have a seamless integration between the transactions and operations of multiple companies. You need to have a standard language to speak across the various entities. To streamline the sales or purchase processes, you need to have this intercompany collaboration and integration.
Intercompany integration add-on from SAP Business One reduces many of the manual reconciliations required otherwise. There will be a substantial productivity improvement since we are using many of the standard items created once for other places, like the customer, vendor, or item master data. The intercompany add-on also reduces the painful report compilation work. Now, just in once click, you have all the consolidated reports available ready to consume.
With the implementation of the Intercompany Integration add-on, you will be able to create a common baseline, a standard process across all the business entities. Many a place the manual entry, which is nothing but a duplicate effort, can be eliminated. Not only reduces the time, but it considerably reduces the errors. The integration will enable us to make a centralized payment system. By which you will be able to exercise better financial control. Business decision making is going to be more transparent and timelier since the management need not wait for compiled reports from various departments.
The
three distinct advantages:
1.
Sharing of common business data across multiple units or group
companies.
2.
Business Process Standardization
3.
Efficient control over business activities and financial reports
Are you facing any similar challenges mentioned above? Let’s spend some time to have a live demo. Seeing is believing! Contact: Galaxy Technology today!
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