Automated Intercompany Accounting
OneBiller by FourQ is the only full-service software solution that centralizes the intercompany accounting function of multinational organizations to automate manual processes and reduce back-office costs, reduce global compliance and tax risks, and optimize resource efficiency without using a pricey license-base implementation model.
- Prevent Excessive Indirect Tax Payments Globally
- Avoid Compliance Risks & Tax Penalties
- Avoid tax on (deemed) interest payments for unpaid intercompany bills
- Provide accurate business performance reporting
- Improve Productivity of Company Resources
Optimizing Intercompany Financial Management
OneBiller is the intelligent end-to-end solution for intercompany financial management used by multinational organizations and their suppliers for reliable, accurate accounting.
Multinational organizations have decentralized intercompany functions, leading to tax and resource inefficiency.
FourQ manages the most complex intercompany processes, delivering lower costs and faster processing times while reducing tax leakage and compliance risk.
Learn how a Fortune 100 Insurance Conglomerate saved ~$20M in BEAT penalties and consumption taxes and eliminated $2M in stranded costs.
How it works
Our team of experts collaborates with your team to understand your international footprint, compliance risks, tax exposure, invoice workflows, and KPIs.
We then develop and provide specifications documents and outline gaps or optimization opportunities to drive ROI.
Build & Test
We transform our findings into automated & optimized invoice workflows, streamlined acceptance and dispute processes, and up-to-date compliance documentation for real-time audits.
We also setup direct ERP connections to ensure OneBiller is plugged in to all of your systems. Simultaneously, our tax team develops automated and optimized processes to mitigate incremental tax costs and penalties.
After launch, we monitor OneBiller to ensure your team has the support to keep your intercompany accounting processes running smoothly. We ensure rules sets are maintained and develop/implement new rules when necessary. International tax changes are also closely monitored to ensure workflows are optimized for tax efficiency.