Manage Intercompany
Cross Charges with Flowis
Discover how Flowis can streamline and standardize the management of intercompany cross charges.
Why Flowis for Intercompany Cross Charges?
Standardized Templates
Flowis offers customized, standardized templates for intercompany cross charges, simplifying the process. They are configured during implementation, ensuring that your accounting teams no longer need to memorize complex account details, cost centers, or project codes.
Dual-Side Approval Workflow
Charges are posted to both sides of the transaction only after thorough approval, reducing discrepancies, and ensuring that errors are resolved before they impact your financial reporting. This proactive approach safeguards against “double counting” and other accounting errors.
Reduced Intercompany Out of Balances
Minimize the chances of intercompany out-of-balances. Flowis provides a systematic solution to handle cross charges efficiently. Automated reconciliations and approval workflows help maintain balance, preventing costly imbalances that can disrupt your financial accounts.
Automated Posting of Charges into Multiple ERPs
Flowis integrates with your existing ERP systems, streamlining the posting of approved cross charges. This automation not only saves time but also ensures that charges are consistently and accurately recorded across all your financial systems.
Tailor-Made Workflows
and Comprehensive Audit Trails
Workflow Flexibility
Comprehensive Audit Trails
Notifications, Reminders, and Powerful Reporting
Dashboards that help
Gain access to a range of detailed reports and analytics enables informed decision-making and helps your organization gain a clear overview of its financial position.
Never out of action
Keep your cross charge workflows on track by automatically sending notifications and reminders.
Flowis in numbers
Manage Your Intercompany Transactions
Efficiently Using Flowis
Template Configuration
Set up standardized templates with links to your accounting software.
Charging Requests
Raise cross charge requests manually or automate them from various data sources.
Receiving Side Control
Accept or reject cross charges and adapt accounting details.
Intercompany Processing
Central teams process approved charges, ensuring accurate posting.
Automated Reconciliation
Identify charges pending for posting or negotiation with clear reports.
See how we’ve Implemented Flowis
Flowis integrated Yanfeng’s Purchase to Pay (PTP) cycle
Flowis can help you optimize business processes, improve effectiveness, workflow communication, data processing, document OCR and finance forecasts. Read about successful Flowis projects and implementations made by Flowis from all over the world.
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