Your company is comprised of multiple entities producing many different goods and services, many of which can be used by other parts of your company to produce their own products. Now, you can reap the full rewards of having these resources directly available within your organization without the added stress of a complicated intercompany reconciliation process.
Regardless of the number of intercompany transactions or entities you need to reconcile, automating these reconciliations will substantially improve their timeliness and accuracy while reducing employee burden.
Today, 50% of companies do not have defined ownership of this process and are experiencing challenges with visibility into the process and its key activities. Transform this process beyond the status quo.
Trintech’s intercompany reconciliation solution is designed to provide rich intercompany workflows that greatly improve the accuracy, efficiency, and visibility of your activities. Regardless of the number or type of entities and ERP systems involved, our solutions have the power and flexibility to process a larger number of transactions that would otherwise result in a huge employee burden.
During this process, transactional information is compared between entities, reconciled, and recorded to give you visibility, control, and reporting across your organization. Your enterprise will quickly benefit from its superior exception management capabilities as you identify discrepancies, record research behind the reason for the discrepancy, and directly identify where an adjustment needs to be made in your original source of truth.
By adopting an automated approach to intercompany reconciliation, you can quickly reduce the overall number of errors caused by incorrectly recorded transactions, your organization’s compliance risk, and the likelihood of potentially damaging financial restatements.
Regardless of the number or type of entities and ERP systems involved, our solutions have the power and flexibility to process a larger number of transactions that would otherwise result in a huge employee burden.
By focusing intently on process controls and risk mitigation, intercompany reconciliation automation allows you to rapidly accelerate and resolve issues.
Trintech offers the only comprehensive, automated Record to Report solution for your Office of Finance We will help you transform your reconciliation, journal entry, compliance, close, and reporting processes to be more effective and efficient, saving you time and money throughout the entire R2R process.