Intercompany is a number of complex, time-taking and responsible processes: collection of financial information about activities of all holding companies; intercompany transactions and remaining balance exclusion; report generation in accordance with the requirements of auditors. Optimization of this activity using SAP solutions can reduce time, improve the quality of information and get the opportunity of detailed analysis of large holding financial activity.
Typical Problems of Intercompany Processes
Quite often, the large number of legal entities and multi-level structure (the traditional components of large holdings) leads to considerable complication of the financial reporting system. The use of different automation systems and multi-currency transactions affects the performance and complexity of the process of data consolidation. Among the typical complexities of large companies should be highlighted the lack of transparency of financial data; lack of a systematic mechanism for performance management within the holding; the inability to use the full potential of profitability and capital efficiency.
Labour intensity: collecting information from different sources; ensuring personal responsibility for the information; large burden on the department of preparation of the consolidated financial reporting.
Productivity: slow performance of consolidation complicates and slows down the data analysis.
Roundaboutness: implementation of fair multi consolidation, without loss of audit trail.
Transparency: full audit trail.
Advantages of the proposed solution
System solution based on SAP EPM products is a simple, convenient and reliable tool for rapid data collection and processing.
Automation and reliability improvement of data collection and processing
Unparalleled speed
Simplicity and comfort
Systems in use
The proposed solution is based on the integrated products of the package:
SAP Enterprise Performance Management (EPM) version 10, a single web-based interface facilitates the perception of systems by ultimate users, centralized users management.