Easily manage global commerceacross multiple companies or subsidiaries. No matter where you do business, maximize your international insight and exchange information worldwide with Sage 300 ERPMulticompany and Global Operations Management.
Enhanced visibility into business metrics provides critical information at your fingertips for easier, smarter daily and long-term planning, providing the vision you need to respond to business trends while minimising risk and maximising the effectivenessof your decisions. Set up multiple companies in one or more databases, run processes, close books and report results by company or in a consolidated company.
Multiple Language and Localisation Support
When operating in different countries, you need the ability to support the local language and accounting standards such as reconciliation and taxation. Sage 300 ERP shipswith five language overlays that allow you to configure the language of the software for individual users.
You receive English, Spanish, French and Simplified and Traditional Chinese out of the box. In addition, due to the configuration flexibility, the software allows you to provide local language, tax and accounting rules through seamless default settings and templates. When it comes to financial reporting, multinational companies face a two-prong challenge. Each division or subsidiary must pay its employees, manage accounts receivable and accounts payable and pay taxes in the local currency using local accounting standards.
Yet financial data from subsidiaries also must be consolidated into the ledger of record in the monetary unit and accounting standards of the country in which the corporation as a whole is operated. Exchange rates between currencies change constantly and the ledger of record must reflect these changes and ensure that all entries balance. With the multinational capabilities of Sage 300 ERP and the Multi-Currency module, you easily can comply with the international currency standard.
Businesses that want to succeed in the world market need core financial capabilitieswith the flexibility and power to handle the complexities of multicurrency enterprise. The Multicurrency module in Sage 300 ERPprovides robust multicurrency and analysis capabilities so you can optimise your international opportunities. You can maintain an unlimited number of currencies and exchange rate schedules, update exchange rates daily and post realised and unrealised gains or losses due to currency fluctuations.
If you have subsidiaries outside the U.S. or your company is planning to expand globally, this application will help you to address the currency issues inherent in a worldwide market. Multi-Currency Manager can help simplify your transactions and provide insight into how the international arena is impacting your bottom line. The Multi-Currency module uses international principles for accounting and reporting with adherence to IFRS, FASB-52, and IAS 125 guidelines.
Sage 300 ERP G/L Consolidationshas built-in flexibility to meet the needs of companies requiring a sophisticated tool to consolidate multiple general ledgers. G/L Consolidations provides a feature set that allows your company to define the level of detail to consolidate and provides a comprehensive audit trail. G/L Consolidations is designed so that information can be easily transferred to other locations, allowing subsidiaries and holding companies to run without being on the same network.
Simplify the recording of your intercompany transactions to prevent data-entry errors. With the Sage 300 ERP Inter-Company module you can save time reconciling multiple companieswhen a subsidiary is involved in a transaction with headquarters or another subsidiary. Intercompany transactions include the declaration and payment of dividends, the purchase and sale of assets and borrowing and lending.
The intercompany transactionmust be recognized in the financial records of both units of the entity as if it were a transaction with an unrelated party. Sage 300 ERP allows you to enter transactions that affect more than one company in one account and then automatically distribute those transactions across companies, performing required currency translations and creating the necessary journal entry as soon as transactions are posted, balancing the books of both companies.