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Podcast: CXOInsights by CXOCIETY
Episode: PodChats for FutureCFO: Why intercompany accounting is crucial for post-merger success
Description: Large companies typically have subsidiary businesses that sell to each other. The idea is to build capability to deliver a vertical stack of services and expertise, and essentially, keep the money in the group. The problem is that most subsidiary businesses have enough independence to decide on what tools and technologies they can use to support their business. Sister companies become just another supplier. The challenge arises when it comes to consolidating the data and transactions, to the parent company. According to EY, organisations are fighting through a thicket of clashing policies, processes and technologies w...