How does ERP software handle intercompany transactions and accounting?
ERP software is designed to handle intercompany transactions and accounting by providing a centralized platform for managing financial activities between multiple entities within an organization. It enables seamless communication and collaboration between different departments or subsidiaries, automating transaction processing, reconciliations, and financial reporting. This streamlines the entire intercompany accounting process and ensures accuracy and efficiency while reducing manual errors and duplicate data entry.
November 9, 2023