Intercompany Reconciliation demo

What the demo shows

Matches intercompany balances across entities, finds why they differ and proposes the true-up

Eight agents work the intercompany close. Overnight they read every intercompany line from the group's ledgers and match them pair by pair. For each pair that is out, an investigator works out why (an FX rate, timing, a missing booking, the wrong counterparty, a price, withholding tax, a duplicate) and cites the ledger line, document and rate that prove it; below 0.80 confidence it hands the pair to a named person. An agreement reader applies the intercompany agreements, so the true-up is drafted in the entity that is wrong. Both entity controllers review it in a conversation with the agents, ask back or change it, and approve with a reason code; the group controller also approves large and group-only items. An independent checker re-performs the eliminations before the lock, and treasury nets only agreed balances.

Transcript

1. 0:00Intercompany Reconciliation matches balances between group companies and proposes the fix.
2. 0:09In one industry poll, only 9% called their intercompany process leading.
3. 0:16Overnight, 8 agents read every intercompany line from 18 ledgers.
4. 0:23US01 and DE02 are out by €212,000.
5. 0:30Both ledgers side by side, the difference dashed.
6. 0:35The cause, DE-02, used the October rate, not September's closing rate.
7. 0:43Every statement is cited like Section 5 of the agreement.
8. 0:49Marcus asks why not adjust US-01.
9. 0:53The agent answers from the agreement.
10. 0:56The true-up sits in DE-02.
11. 0:59A checker confirms it nets to zero.
12. 1:03Marcus approves with a reason code.
13. 1:06Laura signs for US-01, and the entry is parked.
14. 1:12407 of 412 pairs net to zero, no top side plug.
15. 1:19Built on Botminds: agents, data, screens, and governance on one platform.

Transcribed from the film’s narration. Captions are on the player.