Filing of intercompany positions refers to the process of collecting, documenting, and reporting all financial balances and transactions between entities within the same corporate group. This includes receivables, payables, loans, and service charges, ensuring that each position is accurately recorded and available for consolidation and reconciliation purposes.
Intercompany reconciliation is the process of comparing and aligning financial records between related entities in a group to identify and resolve discrepancies. It ensures that intercompany transactions, such as invoices, payments, and balances are consistently reported by all parties before consolidation, contributing to the accuracy and integrity of the group’s financial statements.
The Manage Intercompany service enables seamless management and coordination of financial activities and transactions between intercompany entities.
It facilitates the efficient processing of intercompany transactions, ensuring accuracy and compliance with internal and external regulations. With robust features and capabilities, this service streamlines complex intercompany processes and enhances visibility and control.