The need for ERP that is multilingual, multicurrency and multisite
Following business expansion, an ERP reboot is often necessary
When organizations grow beyond fiscal boundaries and time zones, continuity and overview are regularly thrown into disarray. What problems do companies struggle with when working across borders, and how do they solve them?
Large firms do not have all their business units in a single country. The head office is often located in one country, while production takes place in low-wage countries, for example. The supply chain therefore stretches across various regions, and that often means those in the chain are operating in different time zones, currency areas and tax regions. As a result, companies are unable to adequately consolidate— but that’s not all.
Limited control due to different methodologies
Just think of how audits are performed. Because different business units tend to use different methodologies after acquisitions, business performance results cannot be properly compared and audited. The head office in New York therefore does not know whether the profit from location A is comparable to that of location B. Because they are both working with their own unique system, it is difficult or impossible for the head office to check whether the figures are actually correct.
Cross-border challenges solved
The lack of uniformity and validity can also jeopardize acquisitions. This white paper discusses the problems which companies face after crossing national borders and how these problems are solved. It covers points such as:
- Isolated automation
- ERP must also comply with regional laws
- The impact of multiple time zones on the supply chain
- Why ERP should be multilingual
- The benefits of web-based ERP
Better control thanks to knowledge of local languages, regulations and currencies
In this white paper you can read about the impact of cross-border business on production and finances. This information will enable you to avoid delays, errors and additional costs. With this knowledge you can become a cross-border player who not only speaks the local language and processes final accounts in local currencies, but above all operates more efficiently and with greater control.