Intercompany reconciliation continues to pose the most significant and prevalent impediment to a fast and accurate accounting cycle. By placing the responsibility on corporate finance to check balances, correct errors, and contact reporting units, this exercise can result in a vertical flow of information between headquarters and relevant reporting units – rather than a more efficient lateral flow of information between the reporting units involved in the original counterparty transaction.

By automating intercompany reconciliation, you remove it from the critical path of your company's primary financial reporting operation, eliminating the possibility that it can become a bottleneck. Improvements in your intercompany reconciliation processes can drastically reduce the overall amount of time it takes your business to accurately close its books.

The SAP BusinessObjects Intercompany application can enable business units to reconcile intercompany balances in real time via the Web and allows corporations to close their books faster. This standalone, peer-to-peer application provides the tools that can help your business units debate and reconcile balances directly with one another, eliminating extra work and delays at the corporate and divisional levels. As a result, you can remove intercompany reconciliation from the critical path – and improve the speed and accuracy of the closing process. Plus, SAP BusinessObjects Intercompany can be implemented in both SAP and non-SAP environments and works with any consolidation application.

With SAP BusinessObjects Intercompany, you can excel in the financial closing process by facilitating:

• Faster reporting cycles – SAP BusinessObjects Intercompany includes tools that enable business units to resolve discrepancies earlier in the financial reporting process.
• Greater productivity – The application can free the finance department for more strategic activities, such as analyzing data and measuring and improving performance.