Posts Categorized: Intercompany

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July 9, 2019
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How to Reduce Risk and Ensure Control Over Your Intercompany Transactions with Cadency’s Detective Controls

There are no compromises in producing reliable financial statements, and balance sheet reconciliations is one of the most important internal controls over financial reporting that can’t be under-appreciated. Read this blog to find out how a System of Controls can ensure the integrity of your financial close.

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July 4, 2019
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(Intercompany) Prevention Is the Best Medicine

There are no compromises in producing reliable financial statements, and balance sheet reconciliations is one of the most important internal controls over financial reporting that can’t be under-appreciated. Read this blog to find out how a System of Controls can ensure the integrity of your financial close.

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May 8, 2019
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Global Overnight: How to Ensure the Integrity of Your R2R Process Post-M&A

The merger and acquisition process has a significant impact on your company as a whole, but what about the office of finance? Learn how automating the R2R process ensures a global cohesion throughout the financial close.

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February 4, 2019
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Content We Love — Avoid Your Own Shipwreck: The Importance of Timely, Accurate and Transparent Intercompany Transactions

When was the last time you looked at the structure of your intercompany process? If you’re like most organizations, the intercompany accounting process is generally a difficult and disorganized process due to an inherent lack of visibility. Fortunately, to date, most finance departments have adapted to its complexities and developed at least some way of...

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June 11, 2018
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How to Make Intercompany Predictable and Reliable – Video & Transcript

How to Make Intercompany Predictable and Reliable — Video Transcript Of all the financial processes your global organization undertakes, intercompany accounting may be one of the most complex and ...

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May 3, 2018
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Period End Reconciliation — Intercompany Accounting’s End Game

Bringing intercompany reconciliation full circle During the intercompany accounting process, teams handle two types of transactions, trade and non-trade. So far in this series, we’ve gone over how enhancing and automating your preventative controls helps ensure accurate creation of your non-trade transactions, and how detective controls improve the speed and efficiency with trade transactions, but...

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April 23, 2018
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How Your Global Enterprise’s Largest Risk Is Being Hastily Ignored

How are you currently handling your intercompany accounting? If you’re like most international companies, it’s a messy, inherently risky process with an innate lack of visibility into the key details, but you’ve developed at least some way of dealing with its challenges, and historically that has allowed you to at least complete the process. Intercompany...

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April 16, 2018
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Detecting the Discrepancies in Your Trade Transactions

How detective controls can resolve the discrepancies between your subsidiaries’ trade transactions During the intercompany accounting process, auditors handle two types of transactions, trade and non-trade. For today, we’ll focus on trade and look at how detective controls can help you handle the process of reconciling these transactions with discrepancy management. For example, let’s say...

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April 12, 2018
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Making Non-Trade Intercompany Accounting a Non-Problem

How preventative controls can make your non-trade intercompany reconciliation process predictable, reliable, and dependable              Within intercompany accounting, there are two types of transactions, trade and non-trade, also known as product and non-product. For today, we’ll focus on non-trade and look at how preventative controls can help you manage the process from the initial invoice...

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February 2, 2018
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How to Optimize Your Intercompany Accounting Process

Visibility within your organization’s financial processes may already be a challenge, but intercompany reconciliations pose an even greater challenge facing organizations with multiple and complex entities. In order to be a successful global organization, it’s important for the various entities to work together and share resources and materials, however it’s even more important to keep...

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