The finance team at Arbolus has used Xero as their accounting system since the business was founded in 2018. But times have changed. Arbolus now has multiple entities, and multi-entity finance is no walk in the park - particularly when it comes to month end.
Arbolus’s intercompany recharges went from being a “source of monthly dread” to a “tick box task that takes a couple of minutes”. To find out how, read the full case study.
The Antidote to Arbolus's Growing Pains
Intercompany charges are an integral part of SPM’s monthly finance operations, to ensure that costs and revenues are allocated fairly (and legally). As a New Zealand headquartered technology business, SPM were early users of Xero. It makes producing regular and accurate income reports easier in many ways, but not when it comes to intercompany recharges.
SPM stands for Sic Parvis Magna -
‘Great Things from Small Beginnings’.
But great things need great software.