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Taxilla IC Reconciliation & Eliminations automates the full intercompany close cycle in one connected module - AI-assisted balance matching across all entity pairs, dispute resolution, auto-generated elimination journals for revenue, cost, balances, and unrealized profit, and direct feed into the consolidation run. No spreadsheets. No manual elimination preparation.
Intercompany close has two distinct failure points: balances that don't agree between entity pairs, and elimination journals that must be prepared manually after reconciliation. Both delay every group consolidation run.
Finance teams exchange trial balance extracts manually, identify differences line-by-line, and chase resolution via email - a process that takes days and still leaves residual variances at close.
When entities transact in different currencies or post in different periods, IC balances diverge in ways manual reconciliation cannot resolve systematically - creating persistent exceptions every close.
Even when IC balances are agreed, elimination entries are created in spreadsheets outside the ERP - increasing the risk of errors, omissions, and inconsistent postings across entities.
Different entities apply varying elimination rules for revenue, cost, intercompany loans, and unrealized profit - leading to inconsistent group results and consolidation adjustments every period.
Eliminations are the final step before the consolidation run begins. Because they are prepared manually, delays in elimination preparation cascade into delayed board accounts and management reporting.
Auditors lack clear traceability from source intercompany transactions to elimination journals and approvals. IC balances and eliminations are among the most commonly flagged audit findings.
Intercompany AR, AP, revenue, cost, loans, and clearing account balances pulled simultaneously from both entity ERPs - SAP, Oracle, NetSuite, Dynamics - into a unified IC sub-ledger. No manual exports.
ML-powered matching across all entity pairs - handling FX tolerances, timing offset windows, and posting convention differences. Supports one-to-one, one-to-many, and continuous matching across the period.
Unmatched items routed to a shared resolution portal where both entity finance teams see the same data - resolving timing, FX, pricing, and posting differences with full commentary and evidence, without email.
Matched IC pairs trigger standardised, rule-based elimination journals automatically - covering revenue vs cost, AR vs AP, intercompany loans, dividends, investments, and unrealized profit in inventory.
Controllers review and approve elimination journals with full drill-down to source transactions. Approved eliminations post to ERP or feed directly into the Taxilla Consolidation run - no intermediate step.
We will demonstrate intercompany balance matching, exception resolution, and auto-generated elimination journals using your entity structure and ERP landscape.
Rule-based and AI-assisted matching for intercompany AR/AP, revenue vs cost, clearing accounts, and intercompany loans - across all entity pairs simultaneously.
FX translation differences and timing differences between entity pairs isolated and classified automatically - not treated as generic exceptions requiring manual resolution.
Standardised, rule-based elimination logic applied automatically to matched IC pairs - covering the full scope of intercompany eliminations required for group consolidation.
Period-end elimination journals automatically reversed in the following period - eliminating the manual reversal preparation that creates posting errors and close delays.
Both entity finance teams see the same IC data, match status, and exception detail in a shared portal - disputes resolved in real time with every resolution documented and timestamped.
Preparer → Reviewer → Approver workflow enforced across both reconciliation and elimination steps - every decision immutably logged for audit and regulatory review.
Automated matching, shared resolution portal, and auto-generated eliminations compress the intercompany close from days to hours.
Rule-driven elimination engine replaces manual journal preparation - eliminations are ready for the consolidation run before controllers have finished their final review.
Both entity finance teams see the same data, matching logic, and resolution status in real time - eliminating the email-driven dispute cycle that delays every clos-.
Standardised, repeatable elimination rules applied automatically - no entity-by-entity variation, no manual calculation errors in unrealized profit or markup adjustments.
Auto-generated eliminations feed the consolidation run on Day 1 after period-end - not Day 5 after manual elimination preparation is complete.
Full drill-down from source intercompany transaction to match decision to elimination journal to approval - available to auditors on demand without manual reconstruction.
Reduced IC reconciliation effort by 75% across 20+ entities - automated shared services chargebacks, reducing disputes by 80% and accelerating close by 5 days.
Automated unrealized profit and markup eliminations across multiple plants - ensuring accurate inventory margins and audit-ready consolidation every period.
Standardised intercompany revenue and cost eliminations across regions - eliminating inconsistencies between entities and accelerating group reporting cycle by 4 days.
Resolved revenue vs cost mismatches in minutes rather than days - automated AR/AP and clearing account reconciliation across regions with full audit trail.
IC Reconciliation & Eliminations works standalone or as part of the complete Financial Consolidation platform - feeding auto-generated eliminations directly into Consolidation & Reporting.
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