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Managing Subsidiaries: Payments, Accounting, and Control

All you need to know about the systems, tools, and processes that are required as your company expands with new entities. Accounting, payments, and control across subsidiaries can be addressed with the right software.

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Guides and ebooks

Managing Subsidiaries: Payments, Accounting, and Control

All you need to know about the systems, tools, and processes that are required as your company expands with new entities. Accounting, payments, and control across subsidiaries can be addressed with the right software.

Trusted by finance teams at all stages

What you’ll learn.

What you’ll get:

  • An overview of setting up subsidiaries, including some of the accounting and operational challenges they can bring.
  • Guidance on multi-entity accounting, payments, and expense management across distributed workforces.
  • An analysis of the main operational challenges of a distributed or multi-entity team from an accounting and interdepartmental perspective.
  • How spend management can enable remote teams, and assist your accounting and finance departments to manage multiple entities and distributed teams.
  • Information on how spend management works with your ERP across entities.

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Trusted by finance teams at all stages
Jason Lopez, Controller at Lattice
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Jason Lopez, Controller at Lattice
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What you’ll find in this ebook:

As you establish new entities, your company’s structure will naturally increase in complexity. Intercompany accounting teams require the best tools and systems to maintain a firm handle on financial operations across multiple entities. This ebook walks you through the operational considerations associated with establishing subsidiaries and, more importantly, it breaks down how to maintain the highest levels of visibility and control across multiple entities.
01

Introduction.

New entities bring new intercompany accounting dynamics and considerations. Executing payables and managing expenses across entities is a much more significant task than before. It’s vital to respond with the right financial tech stack and ensure remote access for distributed teams.

02

Key concepts for intercompany accounting.

Reconciliation, consolidation, and account and data management become increasingly important for multi-entity accounting teams. Spend management software provides consolidation and real-time reporting which support accounting teams in managing these areas.

03

Operational challenges for subsidiaries.

We run through the various operational and accounting challenges of setting up a new entity and highlight the areas of best practice to overcome them. Interdepartmental challenges should be noted too, as accounting and finance teams will need to work with the whole firm to manage entities.

04

Managing payables and expenses across your entities.

A significant challenge at both the parent and subsidiary level is to ensure controls and compliance for non-payroll spend. With spend management, these risks and tasks can be easily managed consistently at every level.

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05

How Airbase and spend management support subsidiaries.

Spend management software can provide the consolidation, automation, and real-time reporting you need to keep your entities connected. Payments and expenses can all be managed in one place with ease. Airbase provides extensive functionality, and works with your ERP to track spending so that you can focus on growth.

06

Conclusion.

Don’t let distribution result in disconnection. Implementing a spend management system means multi-subsidiary support in managing expenses and payables beyond payroll. Also, with secure, remote access, this system is built for scale so you can continue to grow. Read this ebook to find out how.

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Learn about the features of a spend management system.

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