Intercompany Solution made simple
Seamlessly connect your subsidiaries, eliminate inefficiencies, and unlock the full potential of your intercompany operations.
Intercompany objectives and pain points
As your company grows and acquires new subsidiaries to support international expansion, managing intercompany transactions becomes increasingly complex. Processes like recharging and transfer pricing can be time-consuming and resource-intensive.
If standard intercompany processes in NetSuite feel overly complex or fall short of your needs, Novutech’s Intercompany Solution is here to help. Designed to streamline and optimize intercompany workflows, this accelerator ensures seamless operations across all your subsidiaries by addressing key business needs, such as:
- Automation: Eliminate the need to initiate transactions from Purchase Orders or Sales Orders.
- Efficiency: Simplify intercompany workflows to save time and reduce errors.
- Customization: Tailor the solution to fit your specific business operations.
Key Features of the Intercompany Solution
Intercompany transactions
Easily create or import data to generate intercompany invoices and vendor bills.
Mirroring invoices and bills
Automatically create corresponding vendor bills when intercompany invoices are generated.
Reconciliation Reports
Generate comprehensive reports to track and reconcile transactions across subsidiaries.
Custom journal entries
Manage postings without relying on Advanced Intercompany Journal Entries.
Saved searches and dashboards
Access real-time data with user-friendly saved searches and visual dashboards.
Chargeback and re-invoicing
Speed up processes with automated data mirroring between entities.
Flexible integration
Works seamlessly with Zone Reconciliation for optimized reporting.
User-friendly configuration
Designed to adapt to your specific intercompany workflows.
How we implement?
Our consultants begin by gathering a list of requirements during a qualification call to fully understand your business needs. Following the initial configuration, we conduct a training session to empower your users to test the setup thoroughly. Based on your feedback, we fine-tune the configuration and deploy it to the production environment on the agreed date.
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Customer feedback
Straightforward and user-friendly setup
Speeds up the intercompany chargeback process
Fills a big gap in NetSuite
Streamlines intercompany processes
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