However, what arguably 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.
Related to Intercompany Reconciliation: Accounting and Financial Management, Business Intelligence (BI), Business Performance Management (BPM), Compliance Management, Compliance Management/Sarbanes-Oxley Compliance, Enterprise Performance Management (EPM)/Balanced Scorecard, Payment, Clearing and Settlement Systems, Regulatory and Compliance, SAP
Peer-to-Peer Intercompany Reconciliation Identified as a barrier to the close, intercompany reconciliation often sits directly on the critical path and takes far too long to complete, involving the head office in a complex communication process that ideally should be resolved among local operating units. By enabling Web-based peer-to-peer intercompany reconciliation, you can remove the process from the critical path.
Related to Intercompany Reconciliation: Accounting and Financial Management, Budgeting, Financial Planning, and Analysis, Business Process Management, Data Management and Analysis, Gain/Loss Reporting, Tax Preparation and Reporting, SAP
The software also features support for multiple currencies, currency translation adjustments, minority interest and equity calculations, and intercompany reconciliation, for example.
Related to Intercompany Reconciliation: Accounting and Financial Management, Business Performance Management (BPM), Compliance Management/Sarbanes-Oxley Compliance, Consolidation Statements and Performance Reporting (CS-PR, Aggregation), Regulatory and Compliance, Risk Management, Tax Compliance, SAP