Case Study
AR-AP Intercompany Reconciliation
Intercompany reconciliation has a reputation for being a burden on accounting departments.
Intercompany reconciliation ensures balance in transactions among various entities within an organization.
Intercompany reconciliation ensures the equilibrium of transactions between distinct entities within a company. It’s often perceived as a challenge for accounts departments due to the considerable time required to pinpoint the underlying causes of account discrepancies and reconcile transactions.
This automated process includes the following steps:
- Logging into Plex.
- Downloading reports.
- Consolidating data using standard spreadsheet templates.
- Completing pending payments.
- Generating deposits.
It allows accounting teams to concentrate on discrepancies without the need for manual certification of each account, instead providing summaries of variances between entities with the ability to drill down into the details. Integrating data from each entity’s systems of record is achieved without manual effort.
- 90% efficiency improvement.
“Achieved 100% accuracy and visibility”
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