With Intercompany Cloud’s Settlements Software, a dedicated intercompany subledger automates settlements and centralizes disparate intercompany activity.
Intercompany Settlements Software
Intercompany
Settlements
Module.
What is the Intercompany Settlements Module?
Each transaction follows a unique journey, and high volumes of transactions multiply the complexity of getting them sorted in an accurate and timely manner. Intercompany Cloud automates all intercompany settlement journal entries, of any activity volume, through dedicated intercompany subledgers, enabling companies to settle only the invoices that are balanced and reconciled.
When integrated with existing company treasury management systems, Intercompany Cloud creates a seamless operation for netting/settling intercompany balances and thereby maximizing cash flow efficiency through streamlined processes, FX management, and complex journal posting.
01
Dedicated subledger for all intercompany activity
02
Single source of truth across
the organization
03
Automated settlement of
high-volume activity
Automate
& integrate.
Managing business growth
The intercompany settlement process can challenge even the most sophisticated organizations, despite using the most advanced accounting software in the market. It is a problem often exacerbated by rapid business growth — most notably in the areas of mergers, acquisitions, and global expansion.
The introduction of more entities into the corporate portfolio involves the assimilation of often diverse computing systems and ERP solutions.
External factors multiply as additional supply-chain agreements come into the mix, bringing with them established trading partnerships, in-market legalities, and regulatory bodies to contend with.
Such considerations are not a recipe for chaos, but they are the potential ingredients of intensifying complexity. As accounting processes become more convoluted, they demand more time for resolution and increase the likelihood of errors, oversights, delays, and of course additional costs.
Aligning Intercompany Settlements Accounting
Intercompany Cloud automates the intercompany settlement process, allowing you to focus on the business and not on the complexities of accounting. By automating and aligning the entire intercompany lifecycle — from transactions to reconciliation through to settlements and ensuring compliance across the entire intercompany journey — Intercompany Cloud enables even the most diverse organizational portfolio to come together as one:
The
Benefits.
Settlement benefits of Intercompany Cloud Settlements Software
Explore our Software
Transactions
Reconciliation
Settlement
Intercompany
Transactions
Automate the entire intercompany process. Our solution takes a holistic view of all intercompany processes and then automatically raises intercompany invoices and journals, making the process much simpler for your business.
Intercompany
Reconciliation
Virtual Trader seamlessly automates intercompany transaction matching. Accounting teams can focus on completing high-value tasks, rather than tedious, time-consuming, and largely repetitive reconciliation tasks.
Intercompany
Settlement
Automated intercompany settlements and full integration with existing treasury management systems creates a seamless operation for handling cash and non-cash intercompany settlements, journal postings, and currency FX.
Our automated intercompany hub offers a powerful centralized solution for replacing manual offline spreadsheets and ad-hoc processes that are often used for managing intercompany compliance. This helps standardize global processes, enabling you to create and enforce a joined-up corporate policy.