Intercompany Integration Solution for SAP Business One Overview
Codeless Platforms' intercompany integration solution for SAP Business One provides SAP Business One users and partners with a pack of preconfigured tasks that enables SAP Business One to automate intercompany transactions, processes and documents between multiple organisations, such as financial consolidation, purchasing, business partners and inventory.
The intercompany trading automation solution reduces manual administration tasks from recreating and re-keying data in more than one business database to standardise business processes and streamline transactions between a group of companies and subsidiaries of enterprise organisations. It provides users with a cost-effective, market-proven solution to replicate master data and intercompany trading documentation to consolidate business information and improve collaboration.
Intercompany Integration Template Pack for SAP Business One Features, Functionality and Benefits
Default features and functionality in the intercompany integration solution for SAP Business One:
To automate the replication of intercompany transactions across multiple company databases, Codeless Platforms' intercompany integration solution for SAP Business One removes repetitive and time-consuming administration tasks by automating the following processes:
- Item master catalogue
- Chart of accounts (General Ledger Accounts)
- Cost accounting consisting of dimensions, distribution rules, cost centres and projects
- Currency and exchange rates
- Business partners
Master Data Replication
- Automatic creation and delivery of Purchase Orders
- Automatic creation and delivery of Sales orders
- Automated accounts payable (AP) and accounts receivable (AR) invoices
- Automatic creation and delivery of delivery notes and goods receipt purchase orders
- Automated goods returns and creation of return notes
- Automated accounts payable (AP) and accounts receivable (AR) credit memos
- Automated intercompany payments, both outgoing and incoming
Intercompany Trading Documentation
Financial data consolidation module
On a user-defined frequency, BPA Platform collects and publishes data in the form of journal entries into any number of consolidation companies defined in the organisational hierarchy at the sub and top level, with different charts of account structures and local currencies enabling accountants to run Trial Balance, Profit & Loss and Balance Sheet reports with the standard SAP Business One reports for each consolidation company.
These financial consolidation templates, when associated with BPA Platform’s intercompany templates and a correctly mapped chart of accounts, automatically identify intercompany eliminations. It also facilitates the adjustment and calculation of minority interests within the group, and assists in identifying shareholding eliminations.
Image: The diagram above is an example of a group of consolidated companies and their hierarchical structure for financial consolidation. Our template pack can accommodate any group structure.
Download DatasheetAdditional services and functionality
*Additional services and functionality achievable with BPA Platforms' intercompany trading solution for SAP Business One include:
- Expenses allocation among branch companies/subsidiaries
- Accounts Payable Service Invoice Allocations
- Centralised Payments
- All forms of financial Data Consolidation
- Intercompany reports
- Data warehousing for consolidated reporting
- Synchronisation of child data objects
- General ledger (GL) allocations, e.g. Allocation of income and expenses across business entities by automatically creating balanced GL postings to intercompany accounts
- Accounts payable (AP) service invoice allocation including allocations of expenses booked through AP service invoices across branch companies
- Centralised payments delegation of invoices for payment by another business by automatically creating balanced GL postings to intercompany accounts
*Not included in the standard pack. Contact us for more information.
Commercial benefits of SAP Business One Intercompany Trading Integration include:
- Reduced SAP Business One integration times and costs
- Improved data consistency
- Standardised business processes across all businesses and functions
- Increased visibility into business operations across all companies
- Improved collaboration between organisations and employees
