How are inter-company transactions handled in Infor M3 procurement?

In Infor M3 procurement, inter-company transactions are managed through specific settings that enable transactions between affiliated companies. This approach is essential as it allows businesses within the same corporate group to carry out transactions seamlessly while complying with fiscal and operational requirements.

When companies engage in inter-company transactions, they often need to adhere to various legal and organizational protocols that dictate how goods or services are exchanged between them. By utilizing specific configurations in the software, organizations can ensure that these transactions are recorded properly, including considerations for pricing, taxation, and reporting. These settings facilitate the clear handling of different currencies, margin calculations, and reconciliation processes that might differ from regular customer-vendor relationships.

Moreover, these settings help maintain a comprehensive view of inventory and financial flows between the companies, ensuring that stakeholders can access relevant data and insights into inter-company performance and transactions. This results in improved accuracy in financial reporting and inventory management across affiliated entities.