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adding accounts across multiple companies - best third party tools?

  • 1.  adding accounts across multiple companies - best third party tools?

    SILVER CONTRIBUTOR
    Posted 20 days ago

    What are the best third party tools to manage my chart of accounts across multiple companies?  Adding new accounts, changing accounts, etc?


    Thanks



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    Benji Jasik
    Generate Capital
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    Academy - Online Interactive Learning from Experts


  • 2.  RE: adding accounts across multiple companies - best third party tools?

    SILVER CONTRIBUTOR
    Posted 20 days ago
    Benji,

    There are some 3rd parties that will handle this, the actual coding of it isn't too complicated either (ie listen for insert / update, cross company make same change in other companies). We've traditionally just added the logic for that crossover activity (COA, customers, vendors, etc). One of the keys we've defined is to lock changes to a "control" company so all changes are made there and pushed to others rather than all companies being allowed to make changes.

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    Spencer Coulter
    Director, Business Applications

    RSM US LLP
    D: 515.281.9248 F: 515.471.5261
    E: Spencer.Coulter@rsmus.com
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    Academy - Online Interactive Learning from Experts


  • 3.  RE: adding accounts across multiple companies - best third party tools?

    GOLD CONTRIBUTOR
    Posted 19 days ago
    Binary Streams MEM (Multi Entity Management) is an add-on that changes the entire intercompany functionality.  One of the key aspects that is different from standard NAV/BC is simply what you are looking for: the master records (COA, Customers, vendors , etc) are all in one company.  They use a dimension to define each company and have a ton of features for locking that down by company.    i believe that The product was designed and used  for GP because there was no intercompany or consolidation functionality, so this was necessary.    They have just made this available to BC and i have alot of clients interested.  However, there is a fine line on if MEM is really worth it for most organizations.

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    Jamie Constantine
    Senior Consultant
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    Academy - Online Interactive Learning from Experts


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