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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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Our Acquisition by Valsoft: The Scale of the Opportunity for You

Our recent acquisition by Valsoft Corporation promises exciting developments for our customers. 

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Back From Las Vegas & Back to Work – It’s Time to Tackle Those Festering Intercompany Issues

We’ve just returned from Oracle’s CloudWorld event (formerly OpenWorld) in Las Vegas, a great opportunity for networking and exploring new industry developments. So now, it’s time to get back to the daily routine and the dreary British weather.  

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The ESG Revolution: How the Finance Function is Adapting

In an age when social responsibility rests with all of us, ESG is becoming an important asset to companies in every industry. In light of this, we explorehow the ESG revolution has affected the finance-and-accounting function within organizations and the challenges that must be overcome. 

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Why Improper Intercompany Accounting Creates Costly Implications

Intercompany accounting is typically downplayed, oversimplified, and sometimes even swept under the rug so you can “deal with it on another day”. While this may have been acceptable back in the day, the consequences are becoming harsher, and companies need to realize that it’s finally time to tidy up the situation.

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