Hexagon specialises in providing accounting solutions for organisations with multiple companies. Our solutions provide the ability to report on and efficiently process transactions across companies without the need to log in and out of multiple data sets.
Cross-company and consolidated reporting
Unlike other systems that rely on reporting tools to combine data from multiple company 'data sets', our solutions provide consolidated and aggregated reporting at all levels of reporting and enquiry on a real-time basis with full drill-down capabilities.
Consolidated reporting views provide the option for eliminating inter-company balances and trading figures. Multiple levels of consolidated reporting are available for more complex group structures.
Inter-company and cross company posting
Postings across companies can be made from a single point of entry, subject to configurable business rules and controls. Where applicable, automatic inter-company postings are generated in each company's books at the point of entry. This includes the ability to generate pyramid inter-company postings.
Centralised purchase ledger functions
A single set of supplier records can be shared by multiple companies with each company maintaining a separate account with the same supplier.
A single, central payment run can be performed from a central bank account to pay suppliers from multiple companies. Automatic inter-company postings are generated as a result and a periodic 'clear-down' facility is available to re-imburse the central account.
Purchase invoices can, subject to configurable business rules, be analysed across companies with the automatic generation of inter-company invoice accrual postings.
Centralised sales ledger functions
As with the purchase ledger, a central sales ledger can be maintained. If the same customer deals with multiple companies within the group then their account can be viewed on a company basis or on a group basis giving a more realistic view of the group's exposure.
The system also facilitates central cashier and credit control functions. Aged debtor reports can be run on an individual basis or for the group as a whole.
Integration with external/operational systems
A single interface / integration routine can be performed to post transactions to multiple companies within the finance system. This is particularly useful where, for instance, revenue transactions are spread across or attributable to multiple companies.
