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Intercompany Reconciliations
Seamlessly run reconciliations between subsidiaries.
As the number of mergers and acquisitions is increasing, so too is the need for intercompany reconciliations. Removing transactions between entities, this process is vital for reducing inaccuracies in your financial statements.
 
But with different ERPs or ledger systems, it’s difficult to share balances. And with overseas subsidiaries working to different year-ends, the challenges increase. Teams in different territories reconciling sales across financial periods, with a range of currencies and cash in transit.
 
Getting data in the same format is enough of a challenge, not to mention the time required to reconcile transactions.
Intercompany Reconciliations 0
Aurum Solutions
Aurum Solutions
Introducing Aurum’s reconciliation automation technology.

Introducing Aurum’s reconciliation automation technology.

Key Benefits:
  • Rapidly consolidate and format data from multiple general ledger, sub-ledger and external data sources.
  • Run intercompany reconciliations in minutes with Aurum’s precise data-matching technology.
  • Centralise intercompany transactions to provide a powerful overview of finances.
  • Improve accountability and transparency through a robust audit trail.
  • Free up staff time to focus on exception management and data analysis.

Review inventory levels from one central data source:

Speed up financial year and month ends by automating intercompany reconciliations using robotic process automation (RPA).

 

Importing and enriching data from across global systems and data sources, Aurum runs intercompany reconciliations in minutes from one central repository.

 

Providing a powerful overview and end-to-end view of the process, teams are freed up to spend time on exception management and data analysis.

Aurum Solutions also provided an excellent service in meeting our project requirements during the implementation. Their consultants are very customer focused and their periodic reviews have ensured the software continues to match our business objectives.
Jill Bremner, Financial Accountant & Paul Etherington, Systems Accountant
Scotmid Co-operative
Case Studies
Learn how clients from all over the world are boosting productivity using our software.
Admiral 2
Admiral 1
Admiral

Paul Clifford, Customer Accounts Debt

Admiral

"We saw that Aurum Solutions was a company we could not just buy from, but we would also develop a close working relationship with them."

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