Intercompany Suite

Handling intercompany processes is a challenge for medium-sized companies just as it is for international corporations. The consolut Intercompany Suite supports and simplifies these processes on various levels of automation.

Currently, intercompany receivables and payables are reconciled in the consolidation system or in Microsoft Excel® at the end of the month; this is generally done manually using balance data. Intercompany receivables/payables are usually posted manually, which creates a lot of work during month-end closing. The consolut Intercompany Suite minimizes and automates this manual work and allows it to be performed on a day-to-day basis instead of at the end of the month. The result: fewer manual operations and a faster month-end closing. The consolut Intercompany Suite consists of three components that differ according to the stages of process improvement:

  • Intercompany Reconciliation
  • Intercompany VAT
  • Intercompany Sweep / Payment Factory

The diagram below shows the automation stages of intercompany processes that are supported by the consolut Intercompany Suite: