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Streamline Your Audit Process: How Crossroads RMC and Avalara Ensure Compliance and Confidence

Streamline Your Audit Process: How Crossroads RMC and Avalara Ensure Compliance and Confidence

Be Audit Ready with Crossroads RMC and Avalara

Managing reports and preparing for audits can be incredibly time-consuming and laborious. It involves extracting data from multiple sources, consolidating information, and rectifying any discrepancies. These tasks often drain resources away from revenue-generating activities.

Fortunately, Avalara offers a comprehensive solution with robust reporting capabilities, drastically reducing the time required for these processes from weeks or months to mere minutes.

Avalara serves as a centralized repository of sales tax information, ensuring accuracy and consistency across all systems involved in the compliance process.

Jean Treimanis, CFO: “I feel confident with what we can provide to any state auditor who comes in. And we can do it remotely because they can access my information easily over the internet.”

Through seamless integrations with Infor LN (ERP LN), Baan, Infor LX (ERP LX), and BPCS, Crossroads RMC and Avalara ensure smooth operation and compliance.

To discover how Avalara and Crossroads RMC can streamline your audit readiness and save time and money while ensuring complete business compliance, please refer to the Avalara Audit Risk Infographic and contact Crossroads RMC to schedule a brief discovery call.

800.762.2077

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Tips:  LX | BPCS | M3

Previously, a user was able to complete the Cost Transfer (CST920) process for any range of facilities regardless of their security settings established in SYS600.

This enhancement verifies the user security settings that were set up in SYS600 before processing cost transfers for a range of facilities in CST920. If the user has authority for a facility range, but there are facilities within that range that are not authorized, the program skips those facilities and complete the cost transfer process. This enhancement provides security in CST920 that prevents incorrect cost transfers from being processed.

Optimize Your Manufacturing Today!

This enhancement provides a method to post material, labor and overhead values on inventory postings to the general ledger to meet financial reporting requirements. The solution provides an optional further breakdown of cost by cost bucket using the new G/L Cost Type.

The benefit this program provides is the ability to post detailed material, labor, and overhead values during inventory posting to the general ledger to meet financial reporting requirements. It also helps isolate import and transport cost elements required by some countries. Global companies with intercompany purchasing are able to isolate material costs so that it is eliminated at a consolidated level.

Optimize Your Manufacturing Today!

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Tips: LN | Baan

All actions required for converting, validating, matching, and posting electronically received bank statements can be performed within a single session:

  • Bank Statement Workbench (tfcmg5610m100)
  • Bank Statement (tfcmg5610m000)

Alternatively, you can use the sequence of electronic bank statement sessions outlined below.

Steps to Process Electronic Bank Statements:

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