Excerpt: Best practices for managing multiple companies, branches and legal entities under a single ERP instance — without losing control or compliance.
Content:
Centralizing operations for multiple legal entities in one ERP requires clear governance, standardized master data, and well-defined inter-company processes. Begin by mapping which ledgers, product masters, and customers are shared and which remain entity-specific. This minimizes surprises during consolidation.
Automated inter-company journals, periodic reconciliations, and role-based access control reduce manual effort and ensure that users only see the data they need. Implementing consistent numbering, dynamic sequence management by fiscal year, and consolidated reporting enables finance teams to close periods faster. Regular audits, test migrations, and a staged rollout approach help maintain compliance across jurisdictions while delivering consolidated analytics for executive decision-making.
The right ERP configuration consolidates procurement, streamlines inter-company stock flows, and delivers a single source of truth for financial and operational KPIs.
