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Intercompany transactions
Tagetik CPM can support the intercompany transaction management through a clear documentation of accepted, rejected and reconciled transactions.
In order to gain a realistic picture of their financial status, companies must be able to clearly document all transactions that have taken place within the company. Tagetik CPM can support this through a clear documentation of accepted, rejected and reconciled transactions.
Tagetik CPM Main Features:
- Management of Reconciliation process at both the corporate and the company level
- Automatic Reconciliation for:
- Unbalanced amount under a predefined threshold
- Unbalanced amount due to the exchange rate difference
- Possibility to insert manual causal of reconciliation
- Management of the causal of Reconciliation to coherently highlight the origin of the unbalancing
- Visualization of the advanced state of the process of IC Reconciliation through a cockpit
- Data Certification: the peripheral users are responsible to declare the closing of the Intercompany gathering through a ‘certification’ command that automatically blocks the modifications of the data and “assigns” the final data to the consolidator