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Intercompany Reconciliation Automation solutions at OutsourcingWise help organizations streamline and simplify the reconciliation of transactions between multiple entities within a corporate group.
A Singapore public sector finance shared services team was responsible for performing intercompany transaction reconciliations across a group of more than 50 entities.
Each quarter, the team manually reconciled ERP-extracted data provided in Excel format — a process that required significant staff hours, was prone to matching errors, and consistently created pressure during the quarterly close cycle.
The organisation needed a reliable, structured solution that could handle the volume and complexity of these reconciliations without requiring proportional increases in headcount as the entity group grew.
OutsourcingWise designed and built a custom Excel-based intercompany reconciliation tool with the following capabilities:
Following delivery, OutsourcingWise also assumed managed service responsibility for the tool — running the quarterly reconciliation process on behalf of the client, handling data uploads, exception resolution, and producing final reconciliation outputs ready for the accounting team.
ntercompany Reconciliation Automation helps organizations streamline the process of matching and reconciling transactions between subsidiaries, departments, and business entities. At OutsourcingWise, we leverage advanced automation technologies to eliminate manual reconciliation challenges and improve financial accuracy across the organization.
Our automated solutions capture, compare, and validate intercompany transactions from multiple systems in real time. By reducing manual data entry and spreadsheet-based processes, businesses can significantly minimize errors, inconsistencies, and reconciliation delays.