Open Forum

We process roughly 25,000 journal entries each month. We currently use Nolan and do inter-company transactions between 7 companies but are thinking about jettisoning that and track our JEs within our corporate company and use GP’s intra-company setup. Does anyone out there use GP’s Intra-company feature in high volume? What are some of the pros and cons you have experienced.

Hi Michael,

You may need to clarify what you mean further.

There is no "intra" company module in GP, only "inter" company, as in, between different company databases.

Are you referring to Interfund by chance? That product automatically creates due to/from entries on every posting between your specific fund segment within a company db. That's the closest thing I can think of that you might mean by "intracompany".

Jen

We process roughly 25,000 journal entries each month. We currently use Nolan and do inter-company transactions between 7 companies but are thinking about jettisoning that and track our JEs within our corporate company and use GP’s intra-company setup. Does anyone out there use GP’s Intra-company feature in high volume? What are some of the pros and cons you have experienced.

We process roughly 25,000 journal entries each month. We currently use Nolan and do inter-company transactions between 7 companies but are thinking about jettisoning that and track our JEs within our corporate company and use GP’s intra-company setup. Does anyone out there use GP’s Intra-company feature in high volume? What are some of the pros and cons you have experienced.

I think what Michael is referring to is the Interfund Management feature with GP.  That GP module allows you to assign a segment of the CoA for "interfund" offsets, but unforutnately, has very limited functionality. The biggest issue is that it does not allow for multiple due from/due to accounts for the funds.  That's is the chief reason people use our AIT (Advanced Intercomapny Transactions) module when they want to run multiple companies withing a single database.  With AIT, you can do both intercompany (across multiple databases) as well as intracompany (within a single database). Volume is not an issue. Plus you get the copy/paste from Excel feature, or you can easily import a CSV or tab-delimited text file directly into the Transaction Entry window. 

We process roughly 25,000 journal entries each month. We currently use Nolan and do inter-company transactions between 7 companies but are thinking about jettisoning that and track our JEs within our corporate company and use GP’s intra-company setup. Does anyone out there use GP’s Intra-company feature in high volume? What are some of the pros and cons you have experienced.

Can you elaborate of "...The biggest issue is that it does not allow for multiple due from/due to accounts for the funds..."

I think what Michael is referring to is the Interfund Management feature with GP.  That GP module allows you to assign a segment of the CoA for "interfund" offsets, but unforutnately, has very limited functionality. The biggest issue is that it does not allow for multiple due from/due to accounts for the funds.  That's is the chief reason people use our AIT (Advanced Intercomapny Transactions) module when they want to run multiple companies withing a single database.  With AIT, you can do both intercompany (across multiple databases) as well as intracompany (within a single database). Volume is not an issue. Plus you get the copy/paste from Excel feature, or you can easily import a CSV or tab-delimited text file directly into the Transaction Entry window. 

We process roughly 25,000 journal entries each month. We currently use Nolan and do inter-company transactions between 7 companies but are thinking about jettisoning that and track our JEs within our corporate company and use GP’s intra-company setup. Does anyone out there use GP’s Intra-company feature in high volume? What are some of the pros and cons you have experienced.

We process roughly 25,000 journal entries each month. We currently use Nolan and do inter-company transactions between 7 companies but are thinking about jettisoning that and track our JEs within our corporate company and use GP’s intra-company setup. Does anyone out there use GP’s Intra-company feature in high volume? What are some of the pros and cons you have experienced.

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Michael Leiden
Associate CIO Information Services
Catholic Human Services
Philadelphia PA
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We process roughly 25,000 journal entries each month. We currently use Nolan and do inter-company transactions between 7 companies but are thinking about jettisoning that and track our JEs within our corporate company and use GP’s intra-company setup. Does anyone out there use GP’s Intra-company feature in high volume? What are some of the pros and cons you have experienced.