SAP BusinessObjects Intercompany can enable business units to reconcile intercompany balances in real time and allow corporations to close faster. The application provides the tools for business units to debate and reconcile balances directly with one another, eliminating extra work and delays at the corporate and divisional levels. This removes intercompany reconciliation from the critical path, improving both the speed and accuracy of the closing process.

SAP BusinessObjects Intercompany includes comprehensive functionality that supports:

• Web-based, peer-to-peer intercompany reconciliation – The application introduces a Web-based, peer-to-peer communication channel between those reporting units posting intercompany balances and transactions against each other. This lateral flow of information and automatic matching ensures faster agreements – easing the burden on corporate finance and shaving days from the closing process.
• Real-time reconciliation views – The application manages all data submitted to the central server, providing finance and other users with a real-time overview of the intercompany reconciliation process. Such views also help the company adhere to deadlines, corporate policy, and timelines, regardless of a reporting unit's location or time zone.
• Invoice-level matching, commentary, and attachments – Matching is automatic and can occur at the balance or invoice level, with the option to attach comments or other documents to facilitate more efficient communication. Matching is performed in either local reporting or transaction currency, with built-in support for multiple languages.
• Full audit trail and reporting – SAP BusinessObjects Intercompany offers highly sophisticated status tracking, e-mail summaries, alerts on significant events, and a complete audit trail. It also provides a comprehensive set of reconciliation reports that enable individual reporting units as well as corporate headquarters to fully automate and follow their global intercompany process.
• Full process monitoring – The application allows your corporate or divisional headquarters to continuously monitor the collaborative matching process, using standardized exchange rates and materiality levels and dedicated reconciliation views. This enables at-a-glance status checks of the global reconciliation process. A freezing feature prevents users from making additional changes after a cycle has ended.
• Centralized data maintenance – A centralized deployment fosters rapid implementation and ease of use and maintenance. When combined with a highly intuitive user experience, this centralized approach drives down total cost of ownership to further increase user acceptance and ROI.
• Ability to push adjustments back to source system – End users can make balance adjustments that can be stored and used to create journals to update source systems. This ensures consistency among source, reconciliation, and consolidation systems.