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Mastering the Maze: Navigating Intercompany Accounting in a Global Corporate Landscape

Large, global corporations face significant challenges in maintaining accurate and compliant financial records, especially when it comes to intercompany accounting.

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What is E-Invoicing?

Electronic invoicing, or e-invoicing, is rapidly growing in popularity and the global market was worth USD 11.2 billion in 2022. It’s forecast to reach USD 35.9 billion by 2028, a CAGR of 20.26%.

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Oracle CloudWorld London 2024 Write-Up

On March 14, 2024, ExCeL London opened its doors to one of the major stops on the global Oracle CloudWorld tour. Alongside the events in Dubai, Milan, and Tokyo, the event was a prelude to the main CloudWorld event which will be happening in Las Vegas in September.

 

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What is Intercompany AP Recharge?

In the complex financial ecosystems of multinational corporations, accurately recording accounting entries between different entities within the same parent company is crucial. One such flow, known as accounts payable (AP) recharge, plays a pivotal role yet remains relatively obscure outside specialized accounting circles.

 

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Creating an Intercompany Shared Service Center – Where to Start?

Multinationals are constantly seeking ways to streamline operations and reduce costs. One solution that’s gained traction is the use of an intercompany Shared Service Center. This approach not only simplifies internal processes but also fosters a more cohesive, efficient, and dispute-free environment across the corporate group.

 

But where to start? What are the first steps an organization should take to realize this vision? Read on for our recommendations.

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What is Transfer Pricing?

The term "transfer pricing" frequently arises among multinational corporations engaged in cross-border dealings. But what exactly is it? 

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B2B Enterprise Accounting Software: The Unexpected Joy of Financial Elegance

Does the thought of B2B enterprise accounting software give you goosebumps? Does it fill you with emotion? Does it make you weep tears of joy?

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The Nightmare Before Christmas: preparing for financial year end is here again

The arrival of the financial year-end can often feel like a nightmare for many accounting teams. As December 31st looms, the tasks pile up, and the process of closing the books becomes a source of dread. But what if things could be different? What if this period could transform from something resembling “The Nightmare Before Christmas” into a smooth transition into the new year? It can — read on to find out how.

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What’s the Difference Between Intercompany and Intracompany Accounting?

Though the terms 'intercompany' and 'intracompany’ are similar, their implications in the accounting world are distinct and significant. The latest in our "what is…" series delves into these terms, their etymology, and practical implications — especially when setting up and managing Enterprise Resource Planning (ERP) systems.

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Hurry up Enterprise! SMEs are beating you to the Cloud...

 

Today, harnessing new technology is a vital key in gaining competitive advantage. With the rise of cloud computing, enterprises can no longer afford to take a laid-back approach to this transformative technology.
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