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You should look into the HFM Intercompany Transaction Module. The divisions can load their transactions into it and it will match transactions between partners based on any field you specify, usually a journal id is used. A spot rate or USD amount can be entered along with the local currency amount so that these transactions can be matched by the translated amount on the day of the transaction. FDM also has an HFM IC Module adapter that can be used to load the data. All of this would allow the divisions to fix the IC issues instead of relying on corporate to do it.1 person found this helpful
I have a client that has been very successful in using it.
Edited by: Brian Maguire on Jun 4, 2013 3:56 PM
Thanks for the reply. We are obviously not using the ICT Module here, but it looks like we should be! Will read up on it along with the FDM IC Module adapter. As a follow up, is the FDM IC Module adapter a “nice to have” or does it really enhance the use of HFM’s ICT Module?