Aico’s guide to non-trade intercompany invoicing

Lisa Dodson

Key Takeaways

⇨

Non-trade intercompany invoicing remains a high-risk area prone to errors due to traditional ERP systems like SAP not supporting these workflows effectively.

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Common issues such as manual workarounds, poor standardization, and lack of visibility hinder efficiency, leading to delays and inflated reporting risks during the financial close.

⇨

Implementing a streamlined and automated invoicing process can enhance internal controls, audit readiness, and overall efficiency for finance teams across large enterprises.

This guide highlights the challenges of non-trade intercompany invoicing, including inefficiencies of traditional ERP systems and common errors, while outlining strategies for implementing streamlined, automated processes to enhance accuracy and mitigate reporting risks.

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Key Topics Discussed

Financial Management

Key Takeaways

⇨ Non-trade intercompany invoicing remains a high-risk area prone to errors due to traditional ERP systems like SAP not supporting these workflows effectively.

⇨ Common issues such as manual workarounds, poor standardization, and lack of visibility hinder efficiency, leading to delays and inflated reporting risks during the financial close.

⇨ Implementing a streamlined and automated invoicing process can enhance internal controls, audit readiness, and overall efficiency for finance teams across large enterprises.

Partners Mentioned

Key Topics Discussed

⇨

Non-trade intercompany invoicing remains a high-risk area prone to errors due to traditional ERP systems like SAP not supporting these workflows effectively.

⇨

Common issues such as manual workarounds, poor standardization, and lack of visibility hinder efficiency, leading to delays and inflated reporting risks during the financial close.

⇨

Implementing a streamlined and automated invoicing process can enhance internal controls, audit readiness, and overall efficiency for finance teams across large enterprises.