The CloseYou may know it as the financial close
Intercompany reconciliation and mismatch triage
Compare intercompany balances and transactions between entities, identify mismatches by cause (timing, FX, missing entry) and propose correcting entries for the entity accountants to agree.
What to expect: ideas for what could change, what you need first, and how to test whether it helps. Nothing here is a measured result.
- Impact: High
- Ease: Medium
- Prep: Some
Indicative rating based on the workflow described. Your readiness and implementation effort may differ.
Evidence status: Editorial / indicative assessment
What it does
This step still relies on manual effort, which holds back: Intercompany differences at cut-off; Days to agree intercompany balances.
Who does what
AI prepares the work and suggests the answer. A person decides each one.
What it could move, and how you would check
Of the five measures below, this use case may help three. These are expected effects to test against your own baseline, not measured results. The last column says how to check each one.
| Fact | Expected effect | Why |
|---|---|---|
| Process steps | Not directly addressed | This use case does not directly change the number of steps. |
| Cycle time | Possible downstream benefit | Work may wait less between tasks, so items can finish sooner. |
| Exception loops | Potential direct benefit | Fewer items may go back for rework. |
| First-time-right rate | Possible downstream benefit | More items may be right the first time, with no one fixing or chasing them. |
| Cost per invoice | Not directly addressed | This use case does not directly change the cost of each item. |
What you need first
This is an illustrative improvement approach, not a final solution design. The workflow, level of automation, integrations, and review requirements will depend on your existing tools, available capabilities, data quality, company policies, and team needs. Confirm these during discovery and a controlled pilot before implementation.
Ease of getting started: Medium. The tools exist. Some of the setup work is yours.
- Intercompany accounts mapped by counterparty
- Agreed intercompany cut-off and FX rate policy
- Both entities agree each correcting entry
- Balances eliminated only after reconciliation
- Reviewer sign-off
Evidence to keep
- Intercompany reconciliation by counterparty
- Agreed correcting entries
What can go wrong, and how a pilot would show it
- Mismatches forced to agree with plug entries
- FX differences misclassified
Your next step
Map intercompany accounts by counterparty in each entity. Agree the cut-off and FX policy for intercompany transactions.
The pilot steps are under "See how to test it" in the Ways to start panel. Paid support is optional: use Get implementation support if you want help.