SAP Intercompany - MDSap · PDF fileSource Businessobjects Close Survey . bpm Magazine . May...
Transcript of SAP Intercompany - MDSap · PDF fileSource Businessobjects Close Survey . bpm Magazine . May...
SAP® Intercompany
SAP®
Inte
rcom
pany
Manual Input of Data into the Corporate Reporting Format
Intercompany Reconciliation Process
Lack of Adequately Experienced Local Accounting Staff
Problems with Local Accounting Systems
Inefficient and Poorly Managed Local Close Process
Not Understanding the Reporting Requirements and Content
Time Spent on Immaterial Issues and Adjustments
Late Adjustments at Local Level Requested by Local Mgmt
Translation Of Data, Local GAAP to Reporting GAAP
Mapping Date into Group Required Format
Obtain Local Executive Approval Of Final Reporting
Late Delivery Of Changes To Requirements By Head Office
Reconciliation between Management And Statutory Accounting
Late Sign Off By Local Auditors
Other(N/a For 2006) 13%
12%
14%
14%15%
18%
23%
25%28%29%
31%38%
41%
10%10%
European EPM Study 2011 – EPM International
Close Books
HQ
Reporting
Unit A
Reporting
Unit B
Traditional
ConsolidationIntercompany Reconciliation
D - 5 D + 0 D + 5 D + 10
Intercompany reconciliation has been cited for many years as one of the most common and frequently occurring barriers to a fast, high-quality close. The SAP Intercompany application lets reporting units reconcile intercompany balances earlier and liberates central finance from labour intensive involvement.
SAP® Intercompany
During the financial close process, organizations must eliminate intercompany activity so as not to overstate account balances. Traditionally, the reconciliation process is managed by corporate headquarters, which collects data, checks balances, corrects errors, contacts reporting units, and resolves issues. However, this process is better handled by the reporting units involved in the original counterparty transactions.
Eliminate the Bottlenecks in Intercompany Reconciliation
Close Books
D - 5 D + 5 D + 10D + 0
Peer-to-peer
Consolidation Uses For Saved TimeIntercompany Reconciliation
HQ
Redeploy staff/resources
MeetDeadlines
Cost Reduction
No Value
Work FewerHours
62%7%
13%
10%8%
Reporting
Unit A
Reconciled
Intercompany
Balances
Source Businessobjects Close Survey . bpm Magazine . May 2006
Agree/Disagree
Agree/Disagree
Reporting
Unit B
Intercompany Matching
SAP Intercompany enables your reporting units to reconcile intercompany balances in real time and allows your corporation to close its books faster. The first intercompany application to work independently of a consolidation system, SAP Intercompany provides the tools for your business units to debate and reconcile account balances and transactional level detail directly with one another. That means it eliminates extra work and delays at the corporate and divisional levels.
SAP Intercompany introduces a web-based, peer-to-peer communication channel between your reporting units that post intercompany balances and transactions against each other. This lateral flow of information and automatic matching helps ensure faster agreements – easing the burden on corporate finance and eliminating days from the time-consuming closing process.
Optimize the Intercompany Reconciliation Process
Effective collaboration is key when reconciling intercompany balances. The typical reconciliation process involves e-mails and phone calls that cannot be easily traced or documented. The collaboration features in SAP Intercompany enable users to attach comments and other documents to facilitate more efficient communication. SAP Intercompany offers sophisticated status tracking, e-mail summaries, alerts on significant events, and a complete audit trail.
SAP Intercompany can integrate with both SAP and non-SAP software and load source data from any general ledger or consolidation application.
Finally, SAP Intercompany enables a fast implementation thanks to a centralized deployment and ease of use and maintenance, which together increase ROI.
MDS ap is a professional service provider of Enterprise Performance Management and Group Finance. Our area of work spans from Strategic Finance, Planning Budgeting and Forecasting, Management Reporting, Analytics, Business Intelligence to Financial Consolidation and Legal Entity Management. Furthermore, we provide automated creation of filings, including annual/quarterly reports and board books with fully incorporated XBRL tagging.
The combination of EPM knowledge and the passion for quality enables our certified consultants to translate the customer’s requirement into optimized business processes using the latest information technology.
Why MDS ap?
For more information about MDS ap please contact our local offices or email us at: [email protected]
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