Intercompany Reconciliation Process
This scope item covers the process of reconciling the accounting documents that describe the accounting transactions within a corporate group in accordance with the predefined matching method. It allows early analysis in the closing process to avoid differences altogether and to reduce the deadline pressure that normally arises during the end of a closing period.
Key Process Steps Covered
- Run matching
- Check reconciliation status
- Check reconciliation balance
Benefits
- Get real-time reconciliation and error detection
- Speed up the month-end closing
- Streamline company to corporate closing integration
- Save operational costs with automatic processes
- Get multi-dimensional reconciliation with multi-valuation to support both legal and management-used reconciliation