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SAP Inter-Company Reconciliation functionalities

SAP Inter-Company Reconciliation streamlined financial operations by automating the reconciliation of transactions between related company entities.

Business Overview

  • Customer is the largest conglomerate of Vietnam with diversified interests
  • More than 50 legal entities
  • The group is present into Real Estate, Retail, Hospitality, Education, Hospitals, Automobile etc.

Solutions Offered

Reconciliation Acceleration

Additionally, its in-app communication and workflow features reduce delays in resolving intercompany discrepancies, improving the visibility and transparency of reconciliation process. 

Close Acceleration

ICMR accelerates intercompany reconciliation process from company close to corporate close.

Workflow Optimization

By setting flexible matching and reconciliation rules, it can achieve high automation and continuous accounting.

Real-Time Matching

Integrated within SAP S/4HANA, it matches transactions in real time, eliminating the need for ETL (extract, transform, load) processes.

Technologies Leveraged

  • SAP Intercompany Reconciliation 

Business Benefits

1000+

Work hours saved monthly

92%

Faster transfer of ledger reporting

80%

Improvement in period closure reporting (from 8-10 days to 2-3 days)

3Min

Query times have dropped from 3 hours to 3 min.

More Benefits

  • Significant reduction in MIS time (consolidation time) because of seamless data integration; Improved cash flow management
  • Centralized Reconciliation Process: SAP S/4HANA ICR provides a centralized platform for reconciling intercompany transactions across more than 50 legal entities. This centralization eliminates the need for disparate reconciliation processes, streamlining operations and improving efficiency.
  • Automated Matching and Processing
  • Detailed inter-company reconciliation (transactional level)
  • Automation of key consolidation processes such as calculation and amortization of Goodwill, NCI
  • Real-time Visibility and Transparency; Visibility into school-wise and overall cash-flow based on the fee payment schedule
  • Profitability analysis based on city/curriculum/ courseware
  • Higher accuracy because of minimal manual intervention
  • Single source of truth
  • Tight security and access control on sensitive financial information
  • Audit Trail compliance; Enhanced Compliance and Audit Readiness
  • Accelerated cost reduction and operation efficiency
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Increased Efficiency

Our solution employs advanced Object Detection techniques and computer vision algorithms to automate the inspection of steel plates, identifying defects like cracks, scratches, and dents with precision. By streamlining this process, we ensure timely intervention for maintaining high-quality standards in industrial applications.

Improved Accuracy

AI-driven inspections have revolutionized the way errors are identified and corrected in various industries. These advanced systems use machine learning algorithms to analyze vast amounts of data with unprecedented accuracy,

Cost Reduction

By identifying issues at an early stage of production, companies can address them promptly, preventing them from escalating and causing significant setbacks down the line.

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OUR PRICING

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  • 30 Days Free Trail
  • Unlimited Features
  • Easy Data Backup
  • Cloud Database
  • Sync to All Devices
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