Intercompany Integration Solution for SAP Business One Discover How the Intercompany Solution Enables Financial Data Consolidation & Provides

Transcription

1 Intercompany Integration Solution for SAP Business One Discover How the Intercompany Solution Enables Financial Data Consolidation & Provides Business Insight

2 TABLE OF CONTENTS OVERVIEW... 3 CONSOLIDATION FEATURES... 3 Multilevel Financial Consolidation... 3 Support Multicurrency... 3 Multi-Instance Support... 4 Support Entities with Different Chart-Of Account Structures... 4 Supports manual and automatic financial consolidation process:... 4 Support Minority Interest... 4 Support Journal Vouchers Consolidation... 4 Standard SAP Business One Reports... 4 Consolidated trial balance... 5 Consolidated profit and loss statement... 5 Consolidated balance sheet... 5 BUSINESS BENEFITS... 6 Public 2

3 OVERVIEW Operational visibility and risk management are key considerations for any business with multiple operational units. The corporate financial controller needs an accurate and timely rollup of GL accounts for financial consolidation. Intercompany Solution provides in-depth insight in to consolidated financial data across the organization without intensive manual reconciliation or duplicate data entry. CONSOLIDATION FEATURES The intercompany integration solution for SAP Business One helps you meet these requirements by providing: Multilevel Financial Consolidation Multi-level consolidation hierarchy can be setup based on the organizational structure. Intercompany Solution allows for reporting at any of the levels keeping in consideration the minority interests of the participating companies. There is no limit to the number of companies you can consolidate. Account balances can be rolled up to a group level within the consolidation hierarchy. Organization Consolidation Group Consolidation 1 Group Consolidation 2 Branch 2 70% Branch 3 Branch 1 Head Office Branch 2 30% Figure 1: Consolidation Hierarchy Support Multicurrency Intercompany Solution supports consolidation of companies with different local currencies. This enables financial consolidation of companies with different chart of account structures and different local currencies. Intercompany Solution also supports Consolidation of individual Accounts based on Historical Exchange Rates, Closing Exchange Rate or Average Exchange Rates. Public 3

4 Multi-Instance Support Intercompany Solution supports financial consolidation of SAP Business One companies located across multiple physical servers spread across geographies. Support Entities with Different Chart-Of Account Structures Intercompany solution allows financial consolidation of companies with different chart of account structures. Supports manual and automatic financial consolidation process: Manual Consolidation : Manual Consolidation enables user to perform consolidation manually on demand. Automatic Consolidation: Automatic consolidation enables user to schedule the financial consolidation process. Consolidation process is executed without any manual intervention. Support Minority Interest Consolidated financial statements can be generated based on consolidation percentage to reflect minority interests for company within the group. Support Journal Vouchers Consolidation Journal vouchers are accounted for in the consolidation process, and can be included in the consolidated reports. Standard SAP Business One Reports All consolidated financial reports are viewed within SAP Business One, and in SAP Business One standard formats. The Intercompany solution enables users to generate the following consolidated financial statements. Consolidated trial balance Consolidated profit and loss statement Consolidated balance sheet Public 4

5 Consolidated trial balance Consolidated profit and loss statement Consolidated balance sheet Public 5

6 BUSINESS BENEFITS Consolidation at a central location with data collected from subsidiaries running SAP Business One Reduced cycle time required to collate, consolidate and report financials Standardized and transparent financial processes across business entities Consolidation of financial data based on minority interests Comprehensive financial visibility across business entities Easy and intuitive management of cross-subsidiary financial information Capacity to audit and track data flow throughout the consolidation process Single version of the truth, with a common chart-of-accounts, to support financial management and statutory reporting Public 6

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