How to improve intercompany reconciliation and bring order to the data jungle

whitepaper how to improve intercompany reconciliation

More and more enterprises are operating globally. They set up subsidiaries abroad to open up new markets and to satisfy the needs of local customers. These subsidiaries need to be consolidated and integrated into the consolidated financial statements. One of the biggest hurdles in this process – and a mammoth task for corporate accounting departments – is obtaining the data from the financial statements. That’s because many corporate groups also operate a plethora of fragmented accounting systems used by their subsidiaries to post their data. Adding to this is the fact that all of the companies rely on Excel files, which have to be collected manually by the corporate accounting department – a highly time-consuming and error-prone exercise.

Our white paper will show you how to organize your “data jungle”, improve your intercompany reconciliation process, and create a reliable foundation for your consolidated financial statements.

Contents of this whitepaper:

  • The challenge: bringing order to the data jungle
  • The reality: MS Excel, islands, and sub-performing processes
  • The solution: Fully integrated data at the click of a button
  • Key Advantages: How LucaNet.Group Report makes your life easier
  • Checklist: When do you need LucaNet.Group Report?