The Company

RTI International is an independent, non-profit research institute dedicated to improving the human condition through science-based solutions. Their staff of over 4000 tackle hundreds of projects each year to address complex social and scientific challenges on behalf of governments, businesses, foundations, universities, and other clients and partners.  (www.rti.org)

The Challenge

With offices on four continents and staff working on projects in more than 75 countries, RTI International needed an efficient way to post balancing entries across multiple General Ledgers, with many different functional currencies.

The Solution

RTI International’s business partner Systemlink US, now Acumen Information Systems, recommended Orchid’s Inter Entity Transactions product.

Inter Entity would create balancing entries using the source company’s functional currency. Once these were sent through to the target company as source amounts, the functional currency values for the target company could then be computed by Inter Entity, based on the multicurrency setup. 

The Result

Thanks to Dave Beck and his team at Systemlink US, and the automation provided by Orchid’s Inter Entity Transactions, RTI can now have more confidence in the accuracy of their financial data, and no longer need to manually create complex balancing entries.

“We are proud that Inter Entity Transactions was able to be a key part of the solution for this strategically important deal.”

Steve Fouche
Director
Orchid Systems

Next Case Study

Tempur Canada use Orchid's RMA to handle returns from their high-end retail customers. They were impressed by the ease of set up and use of RMA, and the tight integration with Sage 300’s Order Entry and Inventory Control functionality.