Solitwork

Focused use case #1

Intercompany Reconciliation

Identify, match and resolve intercompany differences before consolidation – with greater transparency, clear ownership and less manual reconciliation work.

TYPICAL FINANCE QUESTION

How do we reconcile intercompany balances faster across entities, currencies and ERP systems?

  • Timing differences
  • Missing or delayed postings
  • Incorrect counterparty information
  • Foreign exchange effects
  • Different accounting treatment
  • Manual posting errors

TARGET OPERATING MODEL

Match automatically. Investigate selectively.

Automatically separate matched balances from unresolved exceptions. Assign responsibility to the relevant Finance teams and resolve issues before elimination.

CONTROLLED RECONCILIATION

From both sides of the transaction to a resolved exception

A governed process makes the difference, cause, owner and status visible before the balance flows into elimination.

Collect

Intercompany balances and transactions

Identify

Counterparty and relationship

Match

Compare receivable/payable and revenue/cost

Classify

Identify type and size of difference

Assign

Route exception to responsible owner

Resolve

Correct, document and approve before elimination

Business impact

How you benefit?

  • Less manual work: Finance focuses on real exceptions
  • Clear ownership: Every exception has a responsible owner
  • Earlier resolution: Differences surface before late close stages
  • Better elimination quality: Reconciled balances flow into elimination
Explore AFC Financial Consolidation