Intercompany Accounting & Reconciliation Software | Taxilla

 Intercompany Close

Intercompany Close Software That Fixes What ERPs Can't

ERPs record intercompany transactions-Can it match them across entities, geographies, or multiple ERPs? Taxilla automates accounting, matching, reconciliation, elimination, and consolidation to deliver a clean, fast, and audit-ready close every month.

  • 50+ Global Enterprises
  • 99% Match Rate

The Intercompany Accounting Challenges

As organizations scale across entities, countries, and systems, intercompany accounting becomes highly complex and error-prone-slowing month-end close, increasing audit scrutiny, and exposing finance teams to significant compliance and financial risk.

challenge-1
Manual consolidation of intercompany data across multiple ERPs
challenge-2
Mismatched balances between selling and buying entities
challenge-3
Inconsistent transfer pricing rules and markups
challenge-4
Delayed approvals and unclear ownership of intercompany charges
challenge-5
Heavy dependence on spreadsheets, emails, and offline trackers
challenge-6
Limited visibility into intercompany disputes and resolution status

Taxilla's Unified Intercompany Close Hub

Taxilla's Intercompany Close Hub is powered by dedicated, tightly integrated modules:

hub

Each module can be deployed independently - or combined for full end-to-end automation.
With Taxilla, finance teams move from: Reactive reconciliation → Proactive, continuous intercompany close

Why Traditional Tools Fail

Most organizations attempt to manage intercompany processes using a mix of:

  • Native ERP intercompany modules
  • Shared services and manual journal posting
  • Spreadsheets for allocations, reconciliations, and eliminations
  • Email-driven approvals and dispute handling

These approaches fail because they are:

  • Fragmented

    no single system of control

  • Reactive

    problems discovered only at month-end

  • Opaque

    limited visibility into allocations, calculations and ownership

  • Non-scalable

    break down with volume, entities, or complexity

Intercompany close requires a dedicated automation hub, not more manual effort.

Key Business Outcomes

60%

Accelerated Intercompany Close

Reduce IC close cycles by [60%] through continuous, real-time transaction matching.

95%

Precision Matching

Achieve [95%] automated reconciliation accuracy across all global ERP systems.

100%

Audit Readiness

Maintain immutable audit trails ensuring full [BEPS Pillar Two] compliance.

100%

Clear Ownership & Dispute Reduction

Eliminate "your books vs my books" conflicts with entity-level ownership, workflow-driven approvals, and transparent dispute resolution.

100%

Elimination Accuracy

Auto-generate elimination journals to ensure error-free consolidated financial reporting.

Taxilla covers the entire intercompany lifecycle:

Integrate

1. Integrate

Connect and synchronize data sources

Transact

2. Transact

Record intercompany activities across entities.

Distribute

3. Distribute

Share data with relevant parties & systems.

Reconcile

4. Reconcile

Match and verify intercompany balances.

Resolve

5. Resolve

Address discrepancies and disputes.

Eliminate

6. Eliminate

Remove intercompany effects.

Consolidate

7. Consolidate

Combine financial statements for final close.

Technology Advantage

Built for Continuous Close

Unlike legacy tools, Taxilla is built on a modern, cloud-native architecture designed for scale, control, and accountability:

  • Unified Intercompany Sub-Ledger

    A single source of truth eliminates "your side vs my side" disputes across entities and ERPs.

  • Continuous Transaction Matching

    AI-driven matching runs continuously-not just at month-end-surfacing breaks in real time.

  • Automated Distribution Engine

    Execute complex cost allocations and revenue-sharing logic without manual journals or spreadsheets.

  • Intercompany Close Task Management & Workflow Orchestration

    Entity-wise task lists, ownership, approvals, SLAs, and dependencies ensure every intercompany activity-billing, reconciliation, dispute resolution, elimination, and posting-is completed on time with full audit trails.

This enables a true continuous intercompany close, not a periodic month-end scramble.

TechnologyAdvantage

Seamless ERP & System Integrations

Taxilla acts as a non-disruptive overlay, seamlessly integrating with your existing systems and producing trusted intercompany data that can be directly consumed by finance, tax, corporate, and regulatory teams.

SeamlessErp

Industries & Operating Models Served

Taxilla supports complex intercompany structures across industries:
  • Manufacturing & EngineeringManufacturing & Engineering
  • Media & Digital BusinessesMedia & Digital Businesses
  • IT & Professional ServicesIT & Professional Services
  • Retail & Consumer GoodsRetail & Consumer Goods

Conglomerates & Holding Companies

Operating models:
  • Global Business Services (GBS)Global Business Services (GBS)
  • Shared Services CentersShared Services Centers
  • Multi-Entity, Multi-Country GroupsMulti-Entity, Multi-Country Groups

Proven Results Across Global Enterprises

ProvenResults
  • 4 Days

    A global media company operating in 20 countries reduced intercompany close

  • 99%

    An electronics multinational achieved high accuracy through auto-matching across intercompany transactions.

  • 20+

    A services conglomerate centralized shared services across multiple countries

  • 30+

    An IT services firm automated billing and reconciliation across multiple countries

Why Taxilla Over Alternatives

Taxilla vs. ERP Native Features
  • Cross-ERP Neutrality: Taxilla reconciles data across diverse ERP brands without requiring expensive, custom-coded integrations.
  • Regulatory Compliance: Native ERPs ignore local mandates; Taxilla automates tax-compliant e-invoicing for global jurisdictions.
  • Advanced Distribution Logic: Automate complex cost allocations across subsidiaries without the need for error-prone manual spreadsheets.
    ERP Native Features
Taxilla vs. Similar Products (e.g., BlackLine, HighRadius)
  • Integrated Tax Modules: Unlike accounting-only tools, Taxilla combines intercompany reconciliation with built-in global tax compliance.
  • Implementation Speed: Avoid lengthy deployment cycles with a rapid integration engine that launches in weeks, not months.
  • Lower Total Cost: Consolidate multiple finance and tax tools into one cost-effective platform for better ROI.
    Similar Products

See Intercompany Close in Action

Experience how Taxilla brings accuracy, speed, and governance to intercompany accounting.

  • No credit card required
  • Personalised Demo
  • Implementation in weeks
Frequently asked questions
What is Intercompany Close?
Intercompany Close refers to the end-to-end set of activities required to validate, reconcile, settle, eliminate, and report intercompany transactions before financial consolidation. This includes intercompany billing, cost and revenue allocations, balance confirmations, dispute resolution, FX alignment, eliminations, and audit documentation. A structured intercompany close ensures no mismatches flow into consolidation, reduces manual adjustments, and accelerates month-end and quarter-end close cycles.
Can Taxilla work alongside our existing ERP?
Yes. Taxilla is designed as a non-disruptive, ERP-agnostic overlay that works alongside your existing ERP landscape (SAP, Oracle, NetSuite, Tally, etc.). It connects through secure data integrations to ingest intercompany transactions, apply automation and controls, and post validated journals back to the ERP-without replacing or modifying core ERP configurations.
How long does implementation take?
Typical implementations range from 8-12 weeks, depending on the number of entities, ERPs, transaction complexity, and modules selected.
Taxilla follows a phased implementation approach, starting with high-impact use cases (such as intercompany reconciliation or cost allocation) and expanding progressively-ensuring faster value realization without overwhelming finance teams.
Can we start with one module and expand later?
Absolutely. Taxilla is built on a modular architecture, allowing organizations to start with a single capability-such as Intercompany Reconciliation or Cost Distribution-and expand into additional modules like Eliminations, Settlements, or Consolidated Reporting over time.
This phased adoption model ensures low upfront risk, faster ROI, and flexibility to scale as business complexity grows.
Is Taxilla suitable for shared services and GBS models?
Yes. Taxilla is purpose-built for Shared Services, GBS, and Global In-House Center (GIC) operating models.
It supports centralized rule management, standardized processes, inter-entity workflows, SLA tracking, and exception handling-while still allowing local entity visibility and accountability across regions and business units.
How does Taxilla support audit and compliance?
Taxilla provides end-to-end audit readiness for every intercompany transaction. Each entry includes complete traceability-from source data and allocation logic to approvals, adjustments, and ERP postings-along with attached documentation and system-generated audit trails. This ensures compliance with transfer pricing, accounting standards, and internal controls, significantly reducing audit effort and risk.
How is pricing structured?
Pricing is structured based on modules selected, number of legal entities, and transaction volumes, making it scalable for both mid-market and enterprise organizations. This modular pricing approach ensures customers pay only for what they use today, with the flexibility to scale as intercompany volume, complexity, or geographic footprint increases.

Move beyond ERP limitations and spreadsheets.

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