A Smarter Approach to Intercompany
Key Takeaways
⇨ Intercompany can be a challenging process, coordinating complex processes across business sectors and jurisdictions.
⇨ Organizations need standardized practices and a global subledger acting as a single source of truth.
⇨ Before enacting a financial transformation, companies should lay out a roadmap to identify challenges and opportunities.
Companies are constantly, merging, shifting, growing, and reorganizing across borders. Finance and accounting teams must coordinate transactions among different parts of the business, which often span between different geographic locations. These sectors each have their own tax laws and regulatory bodies to appease, which may be in flux. Many large multinational organizations also have a disparate and siloed technological ecosystem, which can make it difficult to get on the same page.
In this article, you will learn why it is important to have a global view of all financial activity, and how organizations can achieve that visibility worldwide in real-time. You will also learn the importance of going “Beyond Zero” when it comes to the financial close, and how organizations can ensure that their solutions will integrate seamlessly with the rest of their ERP landscape.
