The Finance Headaches Episode 3 | The real risk of spreadsheet-based intercompany accounting
Webinar details
If you are managing intercompany accounting across multiple entities, you will recognise the pain: pulling trial balances from separate systems, chasing other entities to post their side of a transaction, and arriving at month end with balances that do not yet agree.
In this session, iplicit Solutions Consultant Catherine Thompson walks through consolidation, eliminations, and automated intercompany transactions -- the three areas where multi-entity finance teams consistently lose the most time and carry the most risk.
You will see how iplicit handles this in practice:
- A consolidated P&L across all entities in real time, with no data exports or manual aggregation
- Elimination accounts shown or hidden at the click of a button
- An intercompany matrix giving instant visibility of balances across every entity before month end
- Automated intercompany journals and invoices: raise a transaction in one entity and the equal and opposite entry is created in the other automatically
The session also includes a case study from A-One Insurance, who moved from managing nine entities in Sage 50 to real-time consolidated reporting in iplicit.
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