Intercompany Reconciliation Optimize Your Financial Operations
Automate your intercompany processes, minimize closing discrepancies, and gain clear visibility into your intra-group transactions with a robust, scalable platform.
A platform tailored for your intercompany reconciliation challenges
In multi-subsidiary groups, transactions between legal entities are both numerous and critical for financial closing. Traditional intercompany reconciliation tools often fall short—being siloed, rigid, and difficult to integrate.
With XREC, adopt a modular and intelligent approach to intercompany reconciliation, adaptable to your business realities, local regulations, and closing timelines.
Your reconciliations simplified
A unified intercompany reconciliation tool
Centralize the management of your intercompany, bank, and transactional reconciliations on a single platform designed for complex environments.
Flexibility aligned with your actual workflows
Model your partner pairs, apply your specific business rules, and manage exceptions: XREC adapts to your organization, not the other way around.
Precision that ensures reliable closings
Automatically detect intercompany discrepancies at closing, secure mirror accounts, and benefit from complete traceability for your audit and consolidation processes.
Seamless integration with your ecosystem
Easily connect XREC to your ERP systems, consolidation tools, and group reference data. Regardless of your system diversity, intercompany flows remain under control.
Addressing specific intercompany reconciliation needs
Mirror accounts: ensuring symmetrical entries
Each intra-group transaction must be recorded symmetrically in both involved entities. XREC automatically detects misalignments, even subtle ones (amount, currency, description, VAT), and provides clear resolution paths.
Cut-off & timing: maintaining the right tempo
A single transaction might be recorded on Day 1 in one entity and Day 3 in another. With tolerance windows and period tracking, XREC helps reconcile intercompany discrepancies at closing without errors or delays.
System heterogeneity: reconciling amid diversity
For international groups with multiple ERPs and local accounting practices, XREC centralizes data, harmonizes references, and facilitates inter-system mappings without data loss.
Inter-team collaboration : streamlining communication
Intercompany reconciliation is also about collaboration. With integrated workflows and partner management, XREC enhances interactions between subsidiaries and builds trust in cross-validations.
Consolidation compliance: preparing for a smooth close
Unjustified discrepancies between entities slow down closings and create consolidation tensions. XREC feeds your closing process with clean, justified data, ready for consolidation.
Complex and atypical cases: maintaining control
Multi-currency flows, triangular transactions, historical or partial partners: XREC handles non-standard cases with advanced rule logic, without technical complexity.
Use Cases: Automate Your High-Value Intercompany Flows
Intercompany reconciliation use cases are numerous and cross-functional. XREC enables you to structure, track, and automate them end-to-end with reliability.
- Head Office Expense Rebilling
- Intercompany Loans and Advances
- License or Royalty Revenues
- Shared Logistics or Industrial Costs
- Cross-Selling of Products or Services
- Stock or Goods Transfers
XREC structures and secures your intercompany flows, adapting to each type and entity, leading to faster, more accurate, and better-managed closings
