Intercompany reconciliation is a significant impediment to a fast and accurate accounting cycle. Your corporate finance organization can create a bottleneck if it is their responsibility to collect each business unit's intercompany information, check balances, correct errors, and contact reporting units.

The SAP BusinessObjects Intercompany application enables your business units – rather than corporate finance – to reconcile intercompany balances in real time via the Web, allowing you to close your books faster.

SAP BusinessObjects Intercompany functionality supports:

• Web-based, peer-to-peer intercompany reconciliation – Enable lateral flow of information and automatic matching to ensure faster agreements.
• Real-time reconciliation views – Adhere to deadlines, corporate policy, and timelines, regardless of a reporting unit's location or time zone.
• Invoice-level matching, commentary, and attachments – Facilitate more efficient communication between entities. Local reporting and transaction currency matching is available with built-in support for multiple languages.
• Full audit trail and reporting – Get highly sophisticated status tracking, e-mail summaries, alerts on significant events, and a complete audit trail, along with a comprehensive set of reconciliation reports and easy definition of custom reconciliation reports.
• Full process monitoring – Enable at-a-glance status checks of the global reconciliation process and use a freezing feature that prevents users from making additional changes after a cycle has ended.
• Source systems integration – Take advantage of extensive connectivity in both SAP and non-SAP environments and work with any consolidation application; get full audit trail and drill back with SAP sources leveraging SAP BusinessObjects Financial Information Management.
• Ability to push adjustments back to source system – Ensure consistency among source, reconciliation, and consolidation systems.

SAP BusinessObjects Intercompany helps companies reconcile intercompany balances without extra work and delays at the corporate and divisional levels.

With SAP BusinessObjects Intercompany, your organization can gain the following benefits:

• Faster reporting cycles – The application provides tools that can enable business units to resolve differences earlier in the financial reporting process. You can remove the intercompany reconciliation bottleneck within corporate finance; improve the lateral flow of information and automatic matching to ensure faster agreements; and ease the burden on corporate finance to shave days from the closing process.
• Greater productivity – SAP BusinessObjects Intercompany can free your finance department for more valuable activities, such as analyzing data and measuring and improving performance.
• Rapid implementation – A centralized deployment and intuitive features and usability can help you drive down total cost of ownership and increase ROI and user acceptance.