Intercompany sales and purchase order synchronization refers to the process of automatically linking and updating sales orders placed by one company within a larger organization (selling company) with the corresponding purchase orders created by another company within the same organization (buying company). This streamline ensures both sides are on the same page and eliminates manual data entry, reducing errors and inefficiencies.
Improved accuracy: Eliminates manual data entry errors, ensuring consistency and accuracy across both orders.
Increased efficiency: Automates the process, freeing up staff time for other tasks.
Enhanced visibility: Provides real-time visibility into the intercompany transaction flow, facilitating better planning and decision-making.
Reduced costs: Saves time and resources associated with manual processing.
Process Flow:
Sales Order Creation: In the selling company, create a sales order for the desired product or service, specifying the buying company as the customer.
Automatic Purchase Order Generation: Once the sales order is confirmed, Odoo automatically generates a corresponding purchase order in the buying company, pre-populated with relevant details from the sales order.
Review and Confirmation: The buying company can review the purchase order, adjust quantities or pricing if needed, and confirm it to proceed.
Delivery and Invoicing: After order confirmation and fulfillment, the selling company can create a delivery order and invoice, which can be automatically synchronized with the buying company if configured.
Intercompany Sales and Purchase Order Synchronization Example:
Scenario:
Company A: Manufactures electronics components.
Company B: Assembles finished electronic devices.
Both companies are part of the same organization.
Process:
Company B Sales Order: Company B receives an order from a customer for 100 finished devices.
Automatic Purchase Order: Upon confirming the sales order, Odoo automatically generates a purchase order in Company A for the required components to build 100 devices. This purchase order is pre-populated with relevant information from the sales order, such as:
Item details: list of required components and their quantities.
Customer information: Company B listed as the customer.
Pricing: pre-defined transfer pricing between the companies for each component.
Review and Confirmation: Company A receives the purchase order and reviews it. They can:
Confirm the order directly if everything is accurate.
Adjust quantities or pricing if needed (depending on pre-defined permissions).
Delivery and Invoicing: After confirming the purchase order, Company A fulfills the order by shipping the components to Company B. They then create a delivery order and invoice for the shipment.
Automatic Synchronization: Odoo can automatically:
Synchronize the delivery order with Company B, updating their inventory records.
Synchronize the invoice with Company B, allowing them to record the purchase and make the necessary payment.
Connect With Us:
—————————————
➡️ Website:
➡️ Email: info@cybrosys.com
➡️ Twitter:
➡️ LinkedIn:
➡️ Facebook:
➡️ Instagram:
➡️ Pinterest:
#Intercompany #Sales #Purchase #Order #Synchronization #Odoo