Released in November, Patch 26 for Sage ERP X3 Version 6.5 delivers significant enhancements to the core financial capabilities. This software update also begins the delivery of important functionality that’s designed to handle true intercompany transactions. Here’s a closer look.
For mid-sized businesses that operate multiple legal entities (i.e. a parent company plus one or more subsidiaries), the ability to easily process and manage intercompany transactions is must-have functionality. If that sounds like a requirement at your company, then you’ll benefit from these new features in Patch 26:
Intercompany Customer and Supplier Invoices - through intercompany transactions in Sage ERP X3, you are now able to share a customer or supplier invoice across multiple companies without manual data re-entry as required with previous versions. This new feature helps improve productivity and consolidate business processes.
Intercompany General Ledger (GL) Journal Entries - new functionality in Patch 26 allows you to create journal entries that include financial sites from different Sage ERP X3 companies as well as the set up of elimination accounts that will be used for intercompany AR/AP invoices and journal entries. This eliminates the risk of data entry errors across different companies.
Another useful enhancement to the financial features is the ability to define repeating/recurring Accounts Payable and Accounts Receivable invoices and facilitate automated management of these transactions without having to create each document from scratch manually.
The latest product updates included in Sage ERP X3 Version 6.5 Patch 26 are available for download by logging into the Sage Customer Portal online.
Be sure to contact us if you have any questions regarding Sage ERP X3 Version 6.5. As your software and technology partner, we’re always here to help.
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