Optimizing Intercompany to Support Business Growth
Intercompany financial management (IFM) is a discipline for structuring and handling transactions within a corporation and between its legal entities for maximizing staff efficiency and accounting accuracy while optimizing tax exposure, minimizing tax leakage and ensuring consistent tax and regulatory compliance.
IFM can generate significant savings for multinational companies, yet the topic is obscure because usually, nobody oversees IFM. Those working in a business unit focus on their side of a transaction and senior executives assume someone is taking care of it. Technology has only recently advanced to make IFM practical and affordable.
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