SAP

Streamlining Intercompany Reconciliation with SAP ICMR and YASH: A Comprehensive Guide

By: Naveen Pidikiti

Publish Date: April 10, 2023

YASH Technologies has developed a new blog post that discusses ICMR (Intercompany Matching and Reconciliation). This SAP functionality helps organizations automate and streamline their intercompany reconciliation processes from local close to corporate close without using ETL processes. It enables users to achieve high automation and continuous accounting processes.

The author explains how ICMR can be used with or without group reporting activated and comes with in-built communication features like workflows, notes, email notifications, and reminders, reducing delays in a conventional reconciliation process while bringing visibility, transparency, and accountability to the process.

The post discusses the advantages of SAP Group Reporting and its matched intercompany or non-intercompany transactions at a consolidation unit or group level. It outlines customizing posting rules to post the elimination entry at an aggregate or a category level and post-elimination with translation difference, transaction difference, and variance posting.

The author also notes that ICMR can match intercompany or non-intercompany transactions at a ledger level, automatically match items based on matching logic, manually match items, classify matching results with reason codes, customize reason codes, post adjustments of variances, reconcile balances at a line-item level, and manage reconciliation close with the ability to use workflows for approvals.

Streamlining Intercompany Reconciliation with YASH Technologies and SAP ICMR

YASH Technologies is well equipped to help organizations overcome their intercompany reconciliation challenges with the help of SAP’s ICMR (Intercompany Matching and Reconciliation). Whether you are implementing group reporting or not, YASH Technologies has the expertise to help you make the most of the ICMR solution and ensure a smooth implementation process. To know more, click to read our exclusive blog authored by YASH’s SAP solution expert, Naveen Pidikiti

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