Improving Intercompany Reconciliation for a Faster Close: Driving Financial Excellence

by SAP, 15 July 2010

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topics:
Enterprise Software and Systems Technology

tags:
enterprise performance management financial reporting fiscal consolidation monthly closing reconciliation SAP

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This SAP paper examines the issues behind intercompany reconciliation and outlines how companies can make impressive progress when they employ software solutions.

The single greatest barrier to the fast close has remained constant – the completion of the intercompany reconciliation process. Surprisingly, this challenge continues to provide a bottleneck that many companies have yet to tackle effectively.

What’s needed is improving the flow of communication during the intercompany reconciliation process, removing this process from the financial close’s critical path and improving the quality of data.

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SAP

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