Accelerate your reporting cycle with a Centralized Intercompany Matching Web solution

Usually Intercompany Matching causes several business issues for example:

• Delays in resolving intercompany discrepancies, which extend the financial reporting cycle
• Time consuming process at headquarters of having to check balances, follow up with reporting units, and correct errors
• Potential risk that reporting deadlines are not fully met due to unclear IC matching procedures
• Late moment of reconciliation; most comanies can only matchIC data after receiving final reporting data
• Many smaller IC differences are not resolved (due to a high threshold)
• Extra work at both the headquarters and divisional levels

To solve these issues we have developed a Centralized Intercompany Matching Web solution. The benefits for your organisation are:

• acceleration of the closing process
  By removing intercompany matching from critical path: to be executed before closing process starts.
• in the reporting process for both headquarters and bussiness units/reporting sites
  By delegating the reconciliation process to the business units.
• communication between bussiness units/reporting sites
  Because no mails, faxes etc need to be sent for confirmation.
• has more control over the entire reconciliation process
  By allowing headquarters to monitor (NOT execute) the process and intervene when necessary.
• reporting quality
  Because there are less IC matching differences.
• improved transparency
  Because everyone follows the same procedure in the same application.