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Intercompany Reconciliation

Our Intercompany Reconciliation App doesn’t just simplify reconciliation, it transforms the entire process. With AI-driven matching, intelligent exception handling and automatic adjustments, you gain unmatched accuracy, efficiency and control.

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What is Intercompany Reconciliation?

Intercompany reconciliation is the process of matching and verifying transactions recorded by different subsidiaries or entities within your organisation. Any differences, like mismatched invoices, timing issues or currency adjustments, are identified and resolved, so your consolidated accounts are clean and reliable.

Without proper reconciliation, intercompany discrepancies can delay the financial close, lead to inaccurate reporting and increase the risk of compliance issues.

ic customers suppliers

Smarter Intercompany Management

AI-assisted setup
The model proposes which customers and suppliers to flag as intercompany.
IC Reconciliations app
Visualize transactions per relationship and spot differences instantly.

Automatic IC eliminations
Flagged entries are automatically processed per relationship across all consolidation groups.

ic summary

Efficiency, Control and Focus

AI-powered efficiency
Our intelligent matching engine automatically detects and proposes matches between intercompany transactions.

Simple user validation workflow
Proposals are applied in one click, giving you full control and transparency.

Focus on what matters
Users only spend time investigating true mismatches instead of scanning through all data.

IC matching

IC Matching

AI-powered IC Matching at the transaction level.

Automatic variance adjustments to resolve recurring differences.

    • Multi-currency translation effects
    • Timing cut-offs
    • Asset sale and purchase mismatches

Drill-down
Drill down into the details for quick analysis of remaining differences, ensuring nothing is overlooked.

Seamless integration
Integrate smoothly with your intercompany eliminations and consolidated reporting

Benefits of the IC App by BrightAnalytics

  • Massive time savings

    Match intercompany transactions in minutes, not days.

  • Error-proof

    Eliminate costly human mistakes.

  • Full transparency

    Instantly see mismatches and fix issues before they become problems.

  • Discover how it works
Request a demo

Curious how BrightAnalytics can simplify your intercompany matching? Book a demo, get a first impression and see how it helps your business save time and reduce errors.

  • What is intercompany reconciliation (ICR)?

    Intercompany reconciliation is the process of matching and verifying financial transactions between entities within the same group. With BrightAnalytics, this becomes a seamless step in your consolidation process thanks to automated matching and clear reporting.
  • When should intercompany reconciliation be performed?

    Ideally during every closing cycle: monthly, quarterly, and annually. BrightAnalytics helps companies perform ICR continuously, reducing bottlenecks at year-end.
  • Why is intercompany reconciliation important?

    It ensures accuracy in group reporting, prevents double counting, and avoids audit issues. BrightAnalytics gives finance teams instant visibility into mismatches so they can resolve them quickly and confidently.
  • Can intercompany reconciliation be performed in multiple currencies?

    Yes. BrightAnalytics supports multi-currency environments and ensures exchange rates are applied consistently, avoiding FX surprises at group level.
  • How can companies streamline the intercompany reconciliation process?

    Standardization and automation are key. BrightAnalytics offers automated transaction matching, clear dashboards and drill-down options, reducing manual work and closing time.
  • Does BrightAnalytics connect with my package?

    On the page https://www.brightanalytics.eu/integrations/ you can find a list of all our connectors.
  • How does BrightAnalytics work?
    1. Connect: BrightAnalytics connects with accounting, ERP and CRM systems, and centralises all data in the BrightAnalytics platform.
    2. Report: The standard templates in BrightAnalytics are immediately ready for use, but can be fully tailored to suit one’s needs.
    3. Analyse: The management reports and dashboards offer a wealth of information and immediately provide clear insight into the figures of the entire organisation.
    4. Engage: The clear reports contribute to a better streamlined business strategy and execution, and ensure transparency within the company.