That’s where Recogent’s AI-powered intercompany reconciliation solution got you covered. It consolidates data from multiple ERP systems and flags discrepancies in real time. It also handles complex scenarios such as timing differences, currency conversions, and multi-entity transactions to ensure accurate transaction matching.
Using Recogent’s account reconciliation solution, you can efficiently manage transactions across all entities, track intercompany balances in real-time, and maintain compliance with consolidation standards. You get clean, accurate consolidated financials every time.
Your data sources + Recogent’s powerful Intercompany Reconciliation = High Accuracy, Minimal Errors, and Super-Simplified Consolidation. All without R&D or IT help.
Consolidate transactions among your parent company, subsidiaries, divisions, or joint ventures using different ERPs instantly.
Instantly find issues, including missing entries or one-sided transactions, through an intuitive interface.
Intercompany sales and purchases
Service charges and management fees
Licensing fees and royalties
Shared service cost allocations
Intercompany loans and financing
Interest charges and payments
Asset transfers between entities
Dividend distributions
Cash pooling and netting arrangements
Upstream, downstream, and lateral transactions
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Unlike traditional intercompany consolidation software, which requires manual matching, Recogent's AI agents actively identify matches even with timing differences, currency variations, and description mismatches.
Connect to different ERP systems across your entities to ensure a consistent format for seamless matching, regardless of variances in your source systems.
Ditch never-ending email chains and empower your entity accountants with built-in communication tools to resolve exceptions efficiently through clear ownership, approval workflows, and conversation threads.
Track transactions that match, are pending, or require attention before intercompany consolidation through intuitive dashboards to comply with audit standards.
Utilize AI to identify potential problems before month-end based on patterns from previous periods, enabling proactive resolution instead of last-minute scrambling.
10-15 days of consolidation delays
Spreadsheets emailed between entity accountants
Last-minute adjustments discovered during consolidation
Timing differences requiring manual investigation
Audit challenges from incomplete documentation
Continuous real-time matching as transactions occur
99% automated matching accuracy
Timing differences resolved automatically
Immediate visibility into unmatched items
Always audit-ready with complete documentation
We partner with individuals and organizations on their journey to digital transformation. See how startup founders around the world have leveraged our services to build great products and even stronger relationship with their customers.
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