Improving Intercompany Reconciliation for a Faster Close

Companies are moving beyond the initial need to comply with legislation like the Sarbanes-Oxley Act and are focusing instead on driving sustainability and control into their corporate processes. Of the various initiatives supporting this shift, the fast close - a concept used to describe a company's ability to complete its accounting cycles and close its books quickly - is perhaps one of the best documented.

Predating the compliance revolution, the fast close forms a finance transformation project that has a clear structure and well-defined methodology, providing huge benefits to those companies that take on the challenge. However, what's 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.

This paper examines the issues behind intercompany reconciliation and outlines how companies can make impressive progress when they employ software solutions such as those from SAP and Business Objects, an SAP company.

Vendor:: SAP America, Inc.
Posted:: Feb 8, 2021
Published:: Jun 2, 2009
Format:: PDF
Type:: White Paper

Already a Bitpipe member? Log in here

Download this White Paper!

Corporate Email Address:
You forgot to provide an Email Address.

This email address doesn’t appear to be valid.

Please provide a Corporate Email Address.

This email address is already registered. Please log in.
First Name:
You forgot to provide your first name.
Last Name:
You forgot to provide your last name.
Company Name:
You forgot to provide a company name.
Job Title:
You forgot to provide a job title.
Seniority:
You forgot to select your seniority.
Job Function:
You forgot to select your job function.
# of employees:
You did not select the number of employees at your company.
Industry:
You did not select which industry you are in.
Sub-Industry:
You did not select which industry you are in.
Address 1:
You did not provide a full local address.
Address 2:
City/Town:
You did not provide a full local address.
Country:
You did not select the country you are from.
State/Province:

You did not provide a full local address.
Zip/Postal Code:
You did not provide a full local address.
Phone:
You forgot to provide a phone number.

This phone number format is not recognized. Please check the country and number.
- I agree to TechTarget’s Terms of Use, Privacy Policy, and the transfer of my information to the United States for processing to provide me with relevant information as described in our Privacy Policy.
Please check the box if you want to proceed.
- I agree to my information being processed by TechTarget and its Partners to contact me via phone, email, or other means regarding information relevant to my professional interests. I may unsubscribe at any time.
Please check the box if you want to proceed.