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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
NetSuite intercompany eliminations require manual identification of intercompany transactions and complex elimination entries that are time-intensive and error-prone since native elimination features are limited.
Here’s how to automate intercompany eliminations through advanced data analysis and automated elimination calculation capabilities that identify and eliminate intercompany balances without manual intervention.
Automate intercompany elimination logic with advanced data analysis using Coefficient
Coefficient automates NetSuite intercompany eliminations through advanced data analysis and automated elimination calculation capabilities. Import intercompany transaction data and apply automated elimination logic that identifies and eliminates intercompany balances without manual intervention.
How to make it work
Step 1. Import intercompany transaction data across all subsidiaries.
Use Records & Lists to pull Customer, Vendor, and Transaction details from all NetSuite subsidiaries. Capture all data needed to identify reciprocal intercompany transactions automatically.
Step 2. Create automated matching algorithms.
Build matching logic that identifies reciprocal intercompany transactions across subsidiaries. Include variance analysis that flags unmatched intercompany balances requiring investigation.
Step 3. Build elimination calculation templates.
Create automated elimination calculations that generate elimination entries based on matched intercompany transactions. Include logic for intercompany profit elimination and currency translation adjustments.
Step 4. Create consolidated reporting templates with embedded elimination logic.
Build consolidation frameworks with embedded elimination logic that updates automatically as intercompany data changes. Include automated elimination reconciliation reports showing elimination accuracy.
Step 5. Set up automated audit trails and validation.
Implement audit trails for all elimination calculations and validation rules that ensure elimination accuracy. Include automated alerts for elimination variances requiring review.
Reduce intercompany elimination preparation time from days to hours
This approach reduces intercompany elimination preparation time from days to hours while improving accuracy through automated matching and calculation processes that eliminate manual errors typically associated with complex intercompany elimination procedures. Start automating your intercompany eliminations today.
