Accordance, Intercompany Reconciliation Software

Its simple, powerful, and multilingual Web interface will allow users to work simultaneously and efficiently on the intercompany reconciliation process.

Integration

Adapts to the accounting information formats and to your own system of consolidation.

Reconciliation

Allows you to automate the intercompany reconciliation process based on customs criteria.

Reporting

Clear summary of the reconciliation stage and visualisation of discrepancies.

Accordance is more than just a balance comparison tool. It offers you real assistance with discrepancy identification.

It allows you to automate the intercompany reconciliation process. Accordance provides a clear synthesis that will enable you to stay informed of progress with the reconciliation and prepare for the procedure by visualising the discrepancies in accounting and exchange rates.

Principle

Import data

  • Accordance supports all file formats (Excel, TXT, CSV, etc.)
  • You can easily integrate fields (entity code, partner code, account number, invoice number, date, amount, allocation, …)
  • Import can be manually launched or executed periodically and automatically
Import intra group entries from differents sources

Intercompany Reconciliation

  • Automatic reconciliation can be launched manually or executed periodically
  • Reconciliation can be completed manually
  • Identify the discrepancies
Intercompany reconciliation process
Intercompany manual reconciliation process

Progress Status & Control

  • Reconciliation progress status
  • Visualise and control reconciled and unreconciled entities and accounts
Overview of reconciled accounts
Visualize gaps

Export

  • Export accounts balances according to a standard or custom format
  • Export reconciled and unreconciled entries for Excel Audit
Export reconciled accounts and integrate into your consolidation system
Export reconciled accounts and integrate into your consolidation system

Features

Integration

No need to change your accountancy or consolidation reporting system. It adapts itself to each company’s heterogeneous schemes of accountancy and data capture and to your own system of consolidation by means of some simple import/export interfaces.

Collaborative Work & Organisation

The Web portal offers full control over organisation of the reconciliation process, by either centralising or delegating the work load. A common, real-time platform eliminates constant back-and-forth interactions with Excel files which are never quite up-to-date, and allows users to work simultaneously.

Automatic Reconciliation

This allows you to automate the intercompany reconciliation process based on customs criteria.

Fast Close

Accordance can be used with FinClose to optimise your close process management.

Integration

100% web environment, compatible with all browsers.

Reporting

Accordance provides a clear summary that will allow you to stay informed of progress with the reconciliation and prepare for the procedure by visualising discrepancies in accouting and exchange rates.

Notifications

Customs Mails & Notifications.

Notes & Documents

Write notes & attach files.

Benefits

Save time and meet deadlines

  • The tool enables considerable time savings on accounts located worldwide.
  • In addition to the time saved, reconciliation involves tight deadlines for producing consolidation statements. Earlier reconciliation facilitates consolidation, and intercompany processes are shortened.

Continuous monitoring avoids accumulation of discrepancies

  • Provides auditors with clear answer on intercompany issue.
  • Beyond the significant thresholds in consolidation, it is important to ensure for each accounting system that no entry is missing, in order to reduce fiscal risk.

The tool supports heterogeneous accounts systems

  • Accordance can be used to make a N to N entries reconciliation. It is no longer necessary to match one account to another single account in the other company.