Priority ERP Accounting Support for International Operations
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How can an ERP like Priority help Israeli companies manage international accounting?
Priority ERP is designed for multi-entity, global operations. It provides a unified system with multi-currency ledgers, tax localization, and built-in intercompany workflows, enabling Israeli group finance teams to manage subsidiaries abroad seamlessly. With Priority’s advanced features (workflow engine, localization modules, etc.), companies can automate consolidation, VAT/tariff handling and cross-border inventory – all within one platform.
International expansion brings complex challenges – multiple books, currencies, tax rules, and reporting standards. Priority addresses these with out-of-the-box multi-company functionality. As Priority’s documentation notes, it allows organizations “to manage multi-company operations… with no add-ons or custom coding required”. This means fewer spreadsheets and manual steps, so finance teams gain real-time, consolidated visibility across borders.
Why Priority ERP Fits International Operations
Priority ERP supports international enterprises with features like:
Multi Company Management
Priority was built to handle multiple legal entities. CFOs can consolidate financials across all subsidiaries in real time, simplifying group reporting. Shared charts of accounts and synchronized master data (customers, items, vendors) eliminate redundant data entry. For example, a price list or vendor update can instantly reflect in all entities as configured, ensuring consistency without double work.
Multi Currency & Localization
Every entity can operate in its local currency (e.g. ILS for Israel, USD for USA) while Priority handles currency translation on consolidation. Localization modules adapt the system to regional needs: local tax codes, language settings, and statutory reports. Priority’s tax engines can automate VAT or GST calculations, and incorporate Israeli tax law updates, saving manual adjustments.
Intercompany & Consolidation
Priority’s built-in intercompany eliminations and consolidation tools are robust. Finance teams define intercompany accounts once, and all transactions between affiliated entities flow automatically through those accounts. Consolidated ledgers and reports are then generated with one click. This seamless handling of intercompany transactions eliminates redundant reconciliation and provides a true group-level P&L.
Workflow Engine
Priority includes a powerful workflow engine that can automate approval processes across the global organization. For instance, a purchase order in one country can trigger automatic approvals by managers in other locations if needed. Custom rules, such as multi-level approvals above certain amounts, reduce risk and accelerate process flows.
Inventory & Logistics
Unique to Priority are advanced inventory modules that support batch and serial number tracking across warehouses worldwide. This ensures, for example, that part lots manufactured in Israel can be traced through distribution in the US. It also handles customs and duties: Priority can store harmonized tariff codes for items and calculate import VAT or duties on landed cost, which simplifies compliance with international trade regulations.
These capabilities mean Priority is not just a financial ledger; it’s a global operating system. It ensures that accounting data from Tel Aviv to California is integrated and accessible to group leaders when they need it.
Core Services for International Priority Implementations
Implementation & Setup
Consultants analyze your international structure and configure Priority accordingly. This includes designing the Chart of Accounts so that local nuances roll up cleanly to group accounts. Each legal entity is defined with its own currency, VAT rates, and statutory calendars.
Multi Entity Configuration
All companies are set up under one Priority database (One Base™). Intercompany mappings allow automated eliminations and fast consolidated reporting across all entities.
Revenue Recognition Workflows
Priority automates revenue recognition based on milestones or percentage completion, ensuring compliance with global accounting standards like ASC 606 and IFRS 15.
Tax Localization
Configure VAT, US sales tax, and regional tax rules. Generate local compliance reports and automate tax calculations across jurisdictions.
Reporting & Dashboards
Real-time dashboards give full visibility into global performance, including KPIs, margins, and consolidated financial data.
Integrations
Connect with payroll, CRM systems, and banking APIs to maintain a single source of truth across your organization.
Advanced Priority Features
Priority ERP includes some unique capabilities that support global operations.
Flexibility through Workflow
Unlike many ERPs, Priority’s workflow engine is so flexible that businesses can automate almost any process without coding. For example, a European HR team can automatically notify the finance department when they enter new hires, triggering US payroll setup tasks.
Localization and Regulatory Compliance
Priority offers localized modules for specific industries and countries. For Israeli exporters, there are modules for handling VAT refunds, exporters’ invoices, and digital documentation. For US operations, Priority can be customized to support drop shipments, third-party logistics fees, and US-specific general ledger requirements such as 401(k) contributions.
Inventory Serialization & Customs
Priority’s inventory system can manage serialized and lot-tracked products seamlessly across countries. If an item has customs restrictions, the system can flag it automatically. It also supports dual-unit measures and can book customs duties when goods are received using integrated tariff code tables.
Multi-Lingual UI
Users in different regions can work in their local language, including English, Hebrew, and Chinese, while using the same underlying data. This reduces training barriers and minimizes errors when teams in Tel Aviv and San Francisco collaborate in one ERP environment.
Common Implementation Pitfalls & Mitigation
Implementing an ERP across borders is complex. Proactive planning, strong data discipline, and localized expertise are essential for a smoother rollout and stronger long-term ROI.
Incomplete Localization
Do not assume the base system covers every requirement. U.S. sales tax jurisdictions or Israeli export regulations may require additional configuration, scripts, or custom reports. The best mitigation is working with consultants who understand both Israeli and U.S. compliance needs.
Customs and Tariff Rules
International trade introduces complex obligations such as commodity codes, tariff rates, and country-of-origin details. To reduce risk, maintain up-to-date codes in the system and train teams to enter accurate customs-related data from the start.
Inventory Valuation Differences
If parent and subsidiary entities use different costing methods, reconciliation becomes far more complex. Where possible, align costing methods, or use Priority’s multicurrency costing and intercompany elimination capabilities to reduce friction during consolidation.
Data Quality Issues
Migrating SKUs, lot or serial histories, and opening balances from legacy systems can create major issues if the data is inconsistent. A strong migration process should include cleansing, mapping legacy records to Priority structures, and importing only active and relevant data.
Change Management
Teams across countries may resist adopting a new ERP. Localized training, internal champions, and early involvement of super-users help improve adoption. Showing how Priority simplifies daily workflows can make the transition far more attractive.
Data Migration & Month-End Close
Going live globally requires accurate migration, structured controls, and a disciplined close process across all entities.
Opening Balances
Carry final trial balances from legacy systems into Priority for each entity, while ensuring exchange rate policies are applied correctly so parent and subsidiary ledgers remain aligned at the group level.
SKU and Partner Master Data
Import clean customer, vendor, and item master files. Global operations should use unified item identifiers wherever possible to support consistent cross-border reporting and tracking.
Lot and Serial Histories
Businesses that depend on serialized traceability should migrate existing lot and serial data so continuity is not broken. This is often handled with dedicated migration tools or structured CSV imports.
Recommended Month-End Close Process
Close each subsidiary month-end and post all intercompany entries.
Use Priority to roll up and validate consolidated reports.
Reconcile intercompany statements generated by the ERP.
Adjust for currency translation differences where needed.
Obtain local controller sign-off first, then finalize group CFO approval.
Cost, KPIs & Long-Term Success
Cost & Effort
ERB Proximo provides modular service options, allowing companies to start small and expand as their international operations grow. The right scope depends on your structure, regulatory requirements, and long-term scaling strategy.
Post-Go-Live KPIs
Close Time
Reduce month-end closing from weeks to days through automation.
Reconciliation Accuracy
Achieve zero unreconciled intercompany balances and bank discrepancies.
System Adoption
Increase usage of Priority over spreadsheets for transactions and operations.
Data Accuracy
Track reductions in audit findings and manual correction entries over time.
Operational Dashboards
Monitor real-time KPIs like cash flow, AR aging, and inventory turnover.
For Israeli startups navigating international growth, financial infrastructure is just as critical as the product itself. At ERB Proximo, we work closely with technology companies and high-growth ventures at every stage — from early structuring to complex multi-entity global operations.
Combining deep accounting expertise with hands-on experience in Priority ERP, we help startups build reliable processes, maintain accurate multi-currency reporting, and establish internal controls that support scalable growth.
We turn your ERP into a strategic management system — not just a bookkeeping tool.
FAQs
Is Priority suitable for multi-country accounting?
Yes. Priority ERP is built for multi-entity and multi-currency operations. It allows centralized control of multiple subsidiaries, supports different currencies and tax rules, and provides consolidated reporting across all entities.
Can Priority handle country-specific regulations?
Priority offers localization modules and customizable workflows. You can configure local VAT codes, customs handling, and regulatory reports for each country. It also allows multiple languages and local financial regulations to be set up per entity.
How do I track inventory across borders?
Priority’s inventory module supports serial and lot tracking across warehouses. For example, you can scan a batch sold in the US and trace it back to its manufacturing batch in Israel. Inventory movements between subsidiaries can be automated and eliminated on consolidation.
What are common pitfalls with international ERP implementations?
Pitfalls include underestimating localization gaps, improper intercompany setup, and data inconsistencies. Mitigation involves detailed requirements gathering, data cleaning, especially SKU and item mapping, and rigorous testing of currency conversions and intercompany eliminations before go-live.
How much time does a global ERP project take?
A simple expansion with one new country and basic requirements may take one to two months. A broader multi-country rollout with custom workflows and extensive migration often takes three to six months or more. Costs scale accordingly, so many companies start with core essentials and expand gradually.
Who Is This Service For?
Why Companies Choose ERB Proximo
- Experience supporting Israeli companies operating in the U.S. market
- Expertise working with NetSuite and Priority
- CFO as a Service for growing companies
- A combination of financial, accounting, and tax expertise
- Deep understanding of technology, logistics, and commercial operations
What Our Clients Say
“Partnering with ERB gave us the financial clarity and cross-border expertise we needed to scale with confidence. They didn’t just handle accounting — they became a strategic partner, guiding us through U.S. expansion, compliance, and financial planning every step of the way.”
Meitav Harpaz
“ERB’s guidance, quick responses, and sharp financial insights have helped us stay on track and control the fast growth of our business in the US. We truly value the partnership and the peace of mind that comes with knowing we’re in the best of hands.”
Gilad Blum
“As a founder and CEO, I understand the value of expertise and experience. Proximo’s finance team offers precisely that — a group of finance professionals who have worked with companies similar to mine, combining experience with forward thinking. Proximo is our better finance half :)”
Omri Sorek
“Proximo has provided back-office financial services for our Israel branch from its inception. They have become a vital component of our team, assisting in overcoming obstacles and capturing new opportunities. As our company has expanded, the services offered by Proximo have evolved to meet our changing needs. Their unwavering presence and professional conduct have ensured they are an essential element of our main in-house team.”
Dan Raviv, PhD
“In a world where smart strategies define business success, Proximo stands out by crafting business plans that are nothing short of genius.”
Ran Tzahar
“ERBProximo has been a true financial partner to Seraphic from day one. From building the company’s financial infrastructure in the earliest stages through supporting our growth and operational scale, all the way to the acquisition by CrowdStrike, their team provided the strategic insight and hands-on execution we needed at every step. Their understanding of startup dynamics and cross-border operations made them an integral part of our journey.”