Intercompany netting saves time and money

05 Apr 2018
Company
Date submitted
05 Apr 2018
Resource type
Case study
File type
Web page Web page
The monthly, system-based netting process at TYROLIT group starts with the reconciliation at invoice level. This in itself improves the intercompany trade efficiency of each group company and simplifies their work. Another positive effect of netting is that the group companies no longer make any payments via bank accounts. TYROLIT acts as the in-house bank and cash-settles directly via the intercompany settlement accounts.
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