Global Operations | Platform
Party Master
Everyone the group deals with, held once, whatever role they play.
What it does
Inside Party Master.
A counterparty who both buys and supplies has one balance to net, not two records to reconcile.
01
One record per organisation or person, whatever roles they hold
02
Customer, vendor, group company and employee as roles on the party
03
Legal name, trading name, country and registration held once
04
Standing and blocks applied at the party, so every role inherits them
Where it sits
Part of Global Operations.
Legal Entities The group structure, with what each entity inherits. Countries and Localizations Local statutory behaviour, maintained as capability. Currencies Transaction, functional and reporting currency on every posting. Intercompany Both sides created together, so they agree. Consolidation Rules Ownership, translation and elimination as configuration. Statutory Formats Local reporting shapes, generated from the same postings.
Run Party Master against your books.
A working session on your structure and a month of your documents.