Intercompany Reconciliation Software
How ReconArt Streamlines the Intercompany Reconciliation Process
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Automated matching and exceptions handling
Compare and reconcile intercompany transactions with configurable matching rules and real-time exception management across all entities. -
Audit-ready compliance
Ensure transparency with a complete audit trail, facilitating regulatory and statutory compliance for multi-entity, global organizations. -
Fast and efficient reconciliation cycles
Automate data imports, standardization, and reconciliation processes to accelerate financial close across all subsidiaries.
Group hierarchy management
Configure your group entity structure – parent company, subsidiaries, and their relationships – to reflect how the organisation actually operates.
Multi-system data integration
Supports multiple GLs, sub-ledgers, accounting systems, and external data sources in various formats to unify reporting across subsidiaries.
Seamless journal entry adjustments
Identify and resolve discrepancies efficiently, with direct ledger adjustments for accurate financial reporting and intercompany eliminations.
Process
How It Works From intercompany transactions to certified eliminations
Extract
Step 2
Match
Step 3
Investigate
Flag mismatches by category, e.g. timing difference, cut-off issues, currencies, or data errors, and route exceptions through configurable escalation workflows.
Step 4
Adjust & Validate
Step 5
Eliminate
Key Benefits of ReconArt Intercompany Reconciliation Software
ReconArt transforms intercompany reconciliation by eliminating inefficiencies, enhancing financial transparency, and ensuring a fully streamlined and compliant process.
End-to-end automation
Reduce manual effort for preparation of intercompany balances and speed up month-end and quarter-end close cycles.
Enterprise-wide visibility
Gain centralized control over the consolidated balance sheet and intercompany eliminations across multiple entities.
User-friendly design
Designed for and owned by business users, minimizing the need for IT support while maintaining full configurability.
Faster consolidation
With intercompany transactions reconciled and elimination entries pre-generated, group consolidation becomes significantly faster.
Scalability and flexibility
Adapts to unique reconciliation workflows, data sources, charts of accounts, and organizational structures of any complexity.
Regulatory compliance and risk mitigation
Ensure financial integrity and meet compliance requirements with full auditability, SOX readiness, and IFRS support.
Insights & Resources
Why companies build their own reconciliation tools The choice of build vs buy reconciliation software rarely arrives as a formal strategic question. It starts as a spreadsheet, then a macro, then a script someone on the finance ops team wrote
Stablecoin payments promise faster settlement, global liquidity movement, and reduced reliance on intermediaries. However, many organizations discover that as stablecoin volumes grow, financial reconciliation confronts the 4-ledger problem. The challenge is to prove that all systems involved describe the same
Choosing reconciliation software is nоt a decision finance teams get to revisit every year. Between data migration, process reconfiguration, and staff retraining, switching platforms is disruptive enough that most organizations live with their choice for five, ten, sometimes more years.
Extend beyond intercompany reconciliation
Bank Reconciliation
Automate bank statement matching against GL and sub-ledger entires with full audit trail.
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Positions & Holdings
Reconcile positions, holdings, and trades across custodians, brokers, and internal systems.
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AP/AR Reconciliation
Manage accounts payable and receivable reconciliation in a single, automated platform.
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