Automation within Acumatica’s Intercompany Software
Posted on: September 12, 2023 | By: Page Wildridge | Acumatica
Acumatica, a popular ERP for small to mid-sized businesses, comes equipped with a powerful intercompany software to manage your company’s needs. This software effectively streamlines the interactions between your subsidiary companies, allowing you to reduce inaccuracies. In this blog, we will discuss automation within three of Acumatica’s intercompany features: centralized purchasing and invoicing, account allocation, and cross company sales.
Centralized Purchasing and Invoicing
Your business can improve its reporting through an integrated Accounts Payable, Accounts Receivable, and Sales Order Management. The system is enhanced by automated financial reporting, allowing you to eliminate errors and save time.
Keep track of your sales activities by allocating each transaction to each company. Additionally, your business can establish pre-set definitions to automate these transactions. This will help your business track activity when parts of your sales process are shared within your subsidiary companies.
Cross Company Sales
Your business can successfully keep track of sales of services between companies. When an Accounts Receivable invoice is generated, Acumatica will create an Accounts Payable bill automatically. This will let your company link together these invoices to avoid any double counting.
To learn more about features within Acumatica’s intercompany software, click here.
2020 Nucleus Research Report on ERP Technology