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Unified platform for streamlined intercompany reconciliation, real-time visibility into intercompany transactions, and reduction in manual intercompany accounting entries.
To match the scenarios like one to one, one to many, many to one and many to many.
Continuous reconciliation process to indicate real-time unmatched transactions between the entities.
To streamline the matching of intercompany transactions by automatically identifying and reconciling corresponding entries.
Enables to manage all intercompany transactions across the organization.
Integrated communication channels, file-sharing options, and comment sections to enhance team collaboration.
The flexibility to design workflows tailored to specific team processes.
Comprehensive dashboards and reports to analyse performance, identify bottlenecks, and measure productivity.
Seamless integration with other tools and software, such as calendars, email, and project management applications.
Customizable access levels to maintain appropriate control over tasks and sensitive information.
Comprehensive tracking of user activities across all screens in the task management solution.
Automatically extract receivables data from the relevant ERPs.
Automatically extract payables data from the relevant ERPs.
Codify, standardize, & validate transactional data to align with the master Chart of Accounts (COA).
Index data to differentiate between matched and unmatched transactions.
Provide an option for preparers to manually force match transactions.
Summarize reconciled transactions on a dedicated reconciliation page.
Facilitate the posting or automatic posting of journal entries.
Allow workflow users to review and approve reconciliations using workflow functionality.
Streamlines intercompany reconciliation by consolidating all entities onto a single platform, enabling automated matching, transaction standardization, and real-time data sharing for greater efficiency.
Minimizes close cycle times and removes manual errors by automatically reconciling intercompany transactions, providing faster, more accurate financial close processes.
Delivers complete visibility into intercompany balances with centralized tracking and monitoring, allowing for precise control and proactive management across all entities.
Ensures adherence to global accounting standards and internal policies, maintaining comprehensive audit trails that facilitate regulatory compliance and improve audit readiness.
Seamlessly integrates with existing ERP and any other data lakes, enabling a smooth data flow that supports complex intercompany structures and high transaction volumes.
Scales easily as businesses grow or expand internationally, supporting a wide range of intercompany processes across multiple currencies, regulatory environments, and subsidiaries.
Book a personalized demo to discover how our solution can benefit your organization.
It's the process of matching intercompany transactions to ensure accuracy and eliminate discrepancies between intercompany accounts.
Proprietary data integration fits all kinds of ERPs, Advanced matching rules within the reconciliation tool, Seamless workflow, Auto-generated comments etc.,
Technology enables to automate the reconciliation process, reducing errors, and to enhance efficiency irrespective of volumes. Given the complexity and volume of transactions that large organizations deal with, manual reconciliation can be time-consuming and prone to mistakes.
Most of the competitors take two to three months, but Taxilla takes one month to complete the implementation and onboarding from the second month onwards.