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Accordance® is an application for the reporting and the reconciliation of intercompany entries
Presentation
Its simple, powerful, and multilingual web 2.0 interface will allow the users to work simultaneously toward the intercompany reconciliation.
- Accordance® isn't a simple tool of balance comparison. It really assists you to identify the gaps.
- It allows you to automate the intercompany reconciliation process.
- Accordance® gives a clear synthesis that will allow you to know the stage of the reconciliation and prepare the process by visualizing the gaps in the accountancy and currency exchange rate.
- No need to change your accountancy or consolidation reporting system. It adapts itself to the heterogeneous schemes of accountancy and data capture of each company and to your own system of consolidation using some simple import/export interfaces.
Accordance® can be installed on-site or hosted by our company as a secured service.
Accurate features
In the core of the reconciliation
- The tool is much more than a simple comparator of net positions from trial balance. The relation is made on transaction level, and display a synthesis of elements with their counterpart.
- The tool ensures that all operations are reconciled and allow identifying unreconciled items.
Assistance through the reconciliation process
- Automated reconciliations batches can be launched and the reconciliation can eventually be finished manually.
A clear synthesis of reconciled positions
- Eliminations can be displayed on local currency or group currency, with a direct view of currency exchange gap.
- The tool allows ensuring that the exchange rate used in accounting system is accurate.
- Some synthesis tables can be provided to auditors.
A quick answer to intercompany issues
Saving time in respect of the deadlines
- The tool allows saving a lot of time for accounts located worldwide.
- Beyond the time saved, the reconciliation is under sharp deadlines for producing consolidation statements. Managing to reconcile sooner facilitate the consolidation. Intercompany processes are shortened.
UA continued tracking allows avoiding having discrepancies growing
- It gives to auditors a clear answer on intercompany issue.
- Beyond the significant threshold in consolidation, It is important to ensure in each accounts system that no entry is missing, in order to reduce the fiscal risk.
The tool fit to heterogeneous accounts systems
- Accordance allows making reconciliations N to N. It is no longer necessary to have a correspondence of one account to a single account in the other company.
Benefits of the technology used
Collaborative work, organization and distribution of roles
- The Web portal offers a full control over the organization of the reconciliation process while using centralization for a better control or in contrary by splitting the work load.
- Common platform and in real time. We avoid the back and forth of Excel files more or less up-to-date and the users can work simultaneously.
- The application allows managing the user roles (operator, reconciler or consolider) for each company.
Full web
- No update and install on user workstations, 100% web environment with the power of software.
- The interface is internationalized, and language is based on user profile.
