Intercompany Matching

Intercompany matching is the recording of transactions between affiliated companies where they are matched between reporting units for the purpose of elimination and reconciliation. Child companies should have reciprocal records of transactions including: intercompany receivables, payables, sales and purchases. When consolidated, these activities are matched and eliminated. 

Software can help companies flag intercompany transactions. CCH Tagetik Account Reconciliation & Transaction Matching can help you and will provide you with a simple dashboard displaying the intercompany relationships and their impact on your consolidated financials.

Intercompany matching helps organizations identify discrepancies early in the financial close process and improves the accuracy of consolidated financial statements.

Without effective matching, organizations may encounter:

• Unmatched balances
• Delayed financial closes
• Reconciliation challenges
• Incorrect elimination entries
• Consolidation errors
• Increased audit risk

By validating transactions before consolidation, finance teams can resolve exceptions sooner and reduce manual effort during close cycles.

With CCH Tagetik, finance teams can automate matching activities and quickly identify exceptions that require investigation.

Many organizations struggle with:

• High transaction volumes
• Multiple ERP systems
• Currency conversion differences
• Manual spreadsheet-based processes
• Limited visibility into exceptions
• Lack of standardized intercompany procedures
• These challenges often create bottlenecks during the financial close and increase consolidation complexity.

By centralizing matching, reconciliation, and elimination activities, CCH Tagetik helps organizations improve efficiency and reduce the risk of reporting errors.

CCH Tagetik Financial Close & Consolidation and CCH Tagetik Account Reconciliation & Transaction Matching provide integrated capabilities for managing intercompany transactions throughout the close process.

Key capabilities include:

• Automated Intercompany Matching
• Invoice-Level Matching
• Transaction Matching Rules
• Exception Management
• Intercompany Reconciliation
• Elimination Support
• Audit Trails and Documentation
• Consolidation Integration
• Real-Time Dashboards

Rather than manually comparing transactions across multiple systems, organizations use CCH Tagetik to automate intercompany matching, improve accuracy, and accelerate financial close and consolidation processes.