For the consolidator
- suppresses the differences analysis
- avoids the whole iterative process with the subsidiary, by sending information back and waiting for answers
- allows to run the intercompany matching independently from the consolidation schedule
- allows to control the whole process and the status of reconciliation achieved at any time
- Enables quick implementation and parameterization by using Sigma Consolidation database information or by importing data from any other consolidation or reporting system via Excel files.
For the local entity
- suppresses the collection of intercompany account information
- allows more responsibility and autonomy on the intercompany reconciliation for improved efficiency and quality
- the more frequent or even continuous process facilitates the follow-up of the intercompany accounts; less time is needed to search differences sometimes one year old
- fastens the direct peer-to-peer agreement process between partners
- improves communication by inserting comments and explanations on differences
- facilitates ticking off of matched transactions by automatic lettering
For the auditor
- provides extended reporting possibilities in Excel
- enables control with different materiality levels
- speeds up the control by using one single tool to analyze invoice reconciliation as well as account reconciliation
Fast implementation
User-friendliness and preparameterization allow a fast implementation in a few days. The costs are reduced to a minimum and your return on investment is obtained even more quickly.
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