Sicon Intercompany for
Sage 200
Managing transactions across multiple entities has never been easier! Sicon Intercompany simplifies the process of handling intercompany postings, saving you time, reducing errors, and boosting efficiency.
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Sicon Intercompany Helps You Automate your Intercompany Transactions in Sage 200
Sicon Intercompany acts as the perfect accompaniment for multi-entity businesses that regularly transact with each other. Simultaneous posting over companies saves on double or even triple data entering with exchanging stock or intercompany billing. For organisations operating with foreign currencies, it will convert where required.
Why Choose Sicon Intercompany Transfers?
Quick and Easy Transfers
Automate transaction postings between companies, eliminating double or triple data entry.
Comprehensive Module Coverage
Works seamlessly with Sales Ledger, Purchase Ledger, Nominal Ledger, Cash Book, Stock Control, Sales Order Processing, and Purchase Order Processing.
Foreign Currency Support
Convert currencies automatically, ensuring accurate postings across international entities.
"The Intercompany module has saved me so much time by allowing me to input invoices between companies simultaneously, reducing my reconciliation time from days to just a couple of hours. My favourite feature of Sage 200 is definitely the intercompany module—it's a huge time saver, and I’m grateful for how much easier it’s made my work."
Key Features of Sicon Intercompany
Effortless Allocation of Transactions
Allocating transaction values across multiple companies is seamless with Sicon Intercompany. The intuitive allocation process allows users to determine how values are distributed, whether through splitting or sequential postings, ensuring accurate representation across entities. Each transaction is accompanied by a detailed nominal analysis, including cost centres, departments, and tax codes, giving users full control over their financial entries. Before finalising, a comprehensive review ensures that all allocations are accurate and compliant, reducing errors and saving time.
Simplified Sales & Purchase Ledger Transactions
Creating intercompany invoices and credit notes has never been easier. By simply ticking a box during your regular posting process, you can transform routine sales or purchase ledger transactions into intercompany entries. Automated features like intercompany prefixes allow businesses to standardise transaction tracking and reporting while maintaining a consistent workflow.
Streamlined Stock Control
For businesses handling stock transfers across multiple entities, Sicon Intercompany provides a robust and intuitive solution. The platform mirrors standard Sage 200 stock control functionality, ensuring familiarity while adding powerful intercompany features. Moving stock between companies is straightforward and fully traceable, with transaction logs maintained for seamless reconciliation.
Flexible Cash Book Management
Cash flow management across entities is made simple with Sicon Intercompany’s cash book tools. Users can easily transfer funds between companies through the intuitive account transfer screen, where all necessary details are entered and reviewed in a single process. For repetitive transactions, the system supports Excel imports, allowing users to upload multiple transfers at once.
Sales & Purchase Order Integration
Intercompany sales and purchase order management is fully integrated within the platform, making it easier than ever to handle complex transactions. The system automatically matches sales orders to purchase orders between companies, ensuring consistency and accuracy. Income from sales orders can be shared across entities, with allocations completed as soon as orders are dispatched, printed, and invoiced.
Comprehensive Foreign Currency Support
For organisations operating across borders, Sicon Intercompany provides built-in foreign currency support. Transactions posted in one currency are automatically converted for the receiving company, ensuring financial accuracy across international entities. With the latest exchange rates applied, businesses can confidently handle intercompany transactions without manual adjustments, eliminating risks of errors due to currency fluctuations.
This diagram provides an overview of the Sicon Intercompany module for Sage 200, showcasing its features and functionalities for managing intercompany transactions.
Want to learn more about Sicon Intercompany for Sage 200? Click the button below to speak to a Sage 200 specialist!
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Intercompany FAQs
Sicon Intercompany is a powerful module that integrates with Sage 200, designed to automate and streamline the transfer of financial transactions between different companies within a group. It simplifies the process by enabling simultaneous posting of transactions such as sales and purchase invoices, journals, stock transfers, and cash movements across multiple entities. This automation reduces the need for manual data entry and enhances accuracy across your business operations.
Speak to a Sage 200 specialist
If you have any questions about Sage 200 and Sicon, would like to organise a personalised demo or if you would like to talk about how much Sage 200 costs, fill out the form below and a Sage 200 specialist will give you a call back at a time that suits you.
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