The Intercompany Matching and Reconciliation (ICMR) is introduced in companies to speed up your intercompany reconciliation process from company close to corporate close. As a built-in solution in SAP S/4HANA, it matches transactions without any ETL (extract, transform, load) processes and reconciles your financial data in real time. By defining flexible matching and reconciliation rules, you can achieve high automation and continuous reconciliation.
In addition, its in-app communication and workflow features eliminate the latencies very often seen in dealing with intercompany discrepancies, and at the same time, improve visibility and transparency of your reconciliation process.