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Nerdly Multicompany Automation

Status: Unverified

The Nerdly Multicompany Automation makes it simple and easy for companies to automatically transfer expenses throughout their company from one subsidiary to another. For companies who often pay expenses out of one subsidiary (or parent) on behalf of another subsidiary, automatically generate the appropriate intercompany journal entries to ensure that the expenses and due to/due from are eliminated at the end of each period.

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Description

Do you hate manually managing intercompany allocations?

So did we. That’s why we built a system to automate away the tedium of intercompany transactions. As we worked with customers around the globe, we found that many of them had a common problem. Companies with multiple subsidiaries would often have expenses that needed to be allocated to other subsidiaries, and to do so meant creating manual intercompany journal entries.

Key Benefits

Using the NMCA, when you need to allocate part of a vendor bill to another subsidiary, you simply select the destination subsidiary for the expense in the lines, and an intercompany journal entry is created for you and a link to the journal is available right on the bill. No manual intervention required.

Customer Quote

The NMCA saves us a ton of time and effort in managing our intercompany expenses. We love the Nerdly Multicompany Automation, and we’d be lost without it.

– Steve Holt

How is this different from what NetSuite provides?

The Nerdly Multicompany Automation [TM] (NMCA for short) makes it simple for you to allocate expenses to other subsidiaries in your NetSuite instance, without having to remember to create manual journal entries.

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