Intercompany matching & reconciliation

Globally operating groups in particular face a variety of challenges when it comes to reconciling intra-group transactions.
Legal requirements stipulate that intra-group activities must be reconciled and eliminated in the consolidated financial statements.
A key hurdle is often the lack of transparency of business transactions between the legal companies and subsidiaries.
For many companies, this leads to very labor-intensive and therefore time-consuming reconciliation, which can lead to considerable delays in the preparation of the financial statements.
In addition, it is becoming increasingly difficult to carry out the reconciliation in a cost-efficient manner.