Intercompany & Consolidation

The RELs Intercompany Solution improves visibility of information throughout the organization by enabling the management of accounting, sales, purchasing and inventory transactions that affect more than one SAP Business One company. The RELs Intercompany Solution maps transactions in a protected environment across multiple companies operating with SAP Business One, regardless of their physical location.

For a multi-company business the issues of data consistency, administration and reporting can all be addressed by the RELs Intercompany Solution for SAP Business One. The solution breaks in two key functional areas.

Intercompany Transaction Management & Intercompany Consolidated Reporting

Intercompany Transaction Management
The RELs Intercompany Solution provides a service for automating intercompany transactions. Using the transaction management service reduces the administration cost of managing transactions and data across several companies. Typical scenarios include:

Revenue or expense allocation> — distribute costs from the head office company to sales or distribution subsidiaries.

Intercompany Trading — automate the flow of trading transactions across multiple companies including purchase order to sales order or sales invoice to purchase invoice.

Master Data Management — maintain a common chart of accounts, customer and supplier file across multiple SAP Business One companies.

Virtual Company — maintain an overall group view of operational data such as inventory levels or total sales.

Support Standard and Customised Scenarios
Standard scenarios are included to satisfy the most common transactions Customizable scenarios allow addition of unique relationships.

Allows Traceability
Track each entry with a reference to the source company ID and originating transaction number.

Real-Time Posting
Saves time by allowing inter-company transactions to be posted automatically to the appropriate Due To/From accounts.

Integrated with SAP Business One
Intuitive, easy to learn, easy to use interface Accessible from SAP Business One™

Intercompany Consolidated Reporting

The RELs Intercompany Solution contains an excel based reporting tool. The tool brings together the profit and loss, balance sheet and trial balance information from all entities within the group Key benefits include.

Minority Interest Calculations — reporting calculations can be adjusted to reflect minority interests in companies within the group.

Elimination Transactions — record regular elimination journals for the removal of intercompany transactions including loans and management fees.

Report Archive — holds report versions and templates for audit trail purposes.

Standards Compliance — pre-configured layouts for IFRS and US-GAAP reporting standards.

Facilitates Year End Reporting
Keeps historic instances of generated reports to permit hard consolidation of multiple subsidiary companies.

Drill Down to Core Data
Various drill down facilities allow access to underlying transaction data.

Multiple Currencies
Multicurrency allows entries by multinational companies with different functional currencies.

Report Customization
Microsoft Excel environment provides flexibility in editing report templates.