Global transaction management are manual, disparate, complex, and carry rigorous regulatory and tax implications making intercompany accounting a time-consuming, burdensome administrative process for companies. Close and reporting are dependent on process administrative extensive. With FourQ’s intercompany financial management solutions, companies can manage the entirety of their intercompany accounting processes, minimize administrative costs and speed the time to close.
KEY BENEFITS
Reduce Variances, Disputes, and Reconciliation Issues
by using the platform to centrally manage transactions and disputes
Increase Settlement Rates and Move and Forecast Cash Quicker
with netting leading to fewer transactions
Speed Close Time and Improve Accuracy
by booking verified transactions in real-time throughout the month, rather than waiting until end of the month
WHY LEADERS CHOOSE FOURQ™
“FourQ™ completely transformed the way we undertake intercompany accounting. By standardizing, automating, and offering the service back, they were able to guarantee up to 40% in savings within three years.”
- Global Lead
Intercompany Billing Center of Excellence, One of the World's Largest Multinational Companies
“We really like how FourQ eliminates business line relationships with vendors and automates internal chargebacks. It benefits both sides of the corporation-vendor relationship by offering global vendor invoice management and by providing standardized digital auditing and consolidation of invoices. We’re also impressed by how easily it integrates with all of our ERP, P2P, and stand-alone solutions.”
- Director
Procurement for Shared Service Center at Global Leader in Power Generation
“The governments of some countries only give companies five days to provide information before issuing daily fines for non-compliance. A platform like FourQ’s OneBiller™ allows you to respond to requests for information right away.”
- Division Controller
Fortune 100 Medical Provider
Discover Intercompany Financial Management and What It Can Do for Your Company
