Intercompany Management
Improve Financial Consolidation Accuracy. Eliminate duplicate transactions for improved financial reporting.
Map organizational hierarchy. ERP integration to import entity hierarchy for efficient elimination.
Accelerate consolidation readiness. Create task lists to track subsidiary consolidation readiness.
Eliminate investment transactions. Prevent double-counting of investments and equity.
60% faster financial consolidation. Eliminate double-counting for consolidated financial reporting.
Download this template to automate matching records in your cash book with the corresponding data on bank statements.
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Learn about the ROI of plugging Al into accounting processes along with two real-life implementation stories who benefited with Al.
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Get a guided tour of the HighRadius financial close management, account reconciliation, and anomaly management software.
Take the TourHighRadius intercompany management software offers a flexible solution, seamlessly integrating with major ERPs like SAP, Microsoft Dynamics 365, Oracle, NetSuite, Sage Intacct, and Workday. This adaptability ensures the effortless extraction of data from GL accounts for reconciliation, facilitating a timely close. Moreover, the system must send journal entries back to the ERP in the supported format.
The implementation time for HighRadius intercompany management software varies based on the complexity of your organization’s requirements. However, our Speed to Value methodology guarantees swift implementation and ROI realization within 3 to 6 months.
HighRadius intercompany management software, prioritizes your data security and privacy, meeting key compliance standards such as GDPR, HIPAA, SOC 1 Type 2, and SOC 2 Type 2. This ensures that your data remains confidential and secure, giving you peace of mind while managing your finances.
HighRadius intercompany management simplifies intercompany dispute resolution by offering a structured workflow to handle discrepancies. Users can raise inquiries for issues like billing errors, submit correction requests, and track resolutions. Each issue gets a unique ID and is directed to the right team, ensuring efficient handling.
HighRadius’ intercompany management software automates netting and settlement by reviewing and netting transactions between business units. It manages profiles for entities, countries, and currencies, integrates with systems for accurate data and currency conversion, and follows rules for netting and aggregation.
