Intercompany Management

NetSuite allows you to create transactions but, until now, doesn’t automate the mirroring of transactions created to the corresponding subsidiary. In addition, the standard NetSuite solution requires you to start from a Purchase Order or Sale Order which can make transactions more tedious and complex.

This custom Novutech SuiteSolution aims at providing an easy and automated process that fits with your business and optimizes it.

• Intercompany Transactions : Create or Import data input in a specific record and then launch a process who will generate Intercompany Invoice and the corresponding Vendor Bill.  Useful to accelerate the process of chargeback or re-invoicing of costs.
• Mirroring Intercompany Invoice : When an Intercompany Invoice is generated, the corresponding vendor bill is automatically created.
• Mirroring Intercompany Vendor Bill : Same as previous but the starting point is the Intercompany Bill
• Reconciliation report : a bunch of report to track intercompany transactions and reconciliation is included in our pack
• Journal Entry with Intercompany within a custom Fast Four patch versus the Fast Four Advanced Journal Entry : we have developed ready-to-use add-ons to the Fast Four Bank Reconciliation to manage the posting of intercompanies in order to avoid having to use the Advanced Journal Entries, that are not compliant with what local accountants wish to have.

• Easy and straightforward
• Accelerate Intercompany chargeback process
• Fills a big lack of NetSuite
• Streamline your intercompany processes

• Fix and transparent price
• Implemented in just few days based on your needs
• Set up, configuration and training included ( 2 hours + 1 hour Q&A  session)
• Not enough? Let’s schedule an audit session with us