Intercompany Close Automation | Simplify Financial Reconciliation | Taxilla

Integrated Intercompany solution with Real-Time Precision

Frequently Asked Questions

1

What is Intercompany Close and why is it important?

Intercompany Close is the process of reconciling and settling financial transactions between entities within the same corporate group. It is essential for accurate financial consolidation, regulatory compliance, and timely month-end close. Automating your intercompany close process reduces manual errors, accelerates close timelines, and improves audit readiness.

2

How does Taxilla simplify the Intercompany Close process?

Taxilla's Automated Intercompany Close platform to streamline transactions posting, reconciliation by centralizing intercompany transactions, reporting of accurate intercompany balances and enabling real-time visibility. It ensures seamless collaboration between entities and accelerates period-end close with built-in validations, audit trails, and exception management.

3

Who are the key stakeholders benefiting from Taxilla's automated intercompany solution?

Mid-sized and enterprise-level companies globally that operate with subsidiary and controlling entities

4

What are the key benefits of using Taxilla for Intercompany Close automation?

Key benefits include faster month-end close cycles, reduced manual efforts, improved data accuracy, real-time tracking of intercompany balances, and complete audit transparency. Taxilla also offers seamless ERP integration and scalability across business units.

5

How much time could you save with automated intercompany reconciliation?

Automate, accelerate, and assure accuracy in your intercompany financial reconciliation process. Taxilla's Automated Intercompany Close solution enables enterprise finance and controllership teams to seamlessly match, reconcile, and consolidate intercompany transactions across global entities - reducing manual effort and closing books faster.

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