EXA for Group Accounting
Group accountants face a significant challenge in managing the complex processes of intercompany transactions, intercomany accounting and group consolidation. Their primary pain points arise from ensuring data integrity and timely reporting across multiple entities, which often operate in different systems and currencies. The manual nature of many consolidation tasks, coupled with the need to reconcile discrepancies between subsidiaries, leads to errors, delays in financial closing, and a lack of 360-degree visibility into the group’s performance. This makes it difficult to provide accurate financial statements and strategic insights to leadership.
EXA for Group Accounting
Key Challenges for Group Accounting Regarding Intercompany Transactions and Group Consolidation
Consolidation of Financial Statements
- Management of the consolidation of financial statements prepared under different local accounting standards
- Intercompany profit elemination to avoid double taxation
Regulatory Compliance
- Complying with different regulatory requriements across various jurisdictions
- Adapting to frequent regulatory changes
Intercompany Transactions
- Managing complex intercompany transactions
- Ensuring transfer pricing compliance
Audit & Compliance
- Comply with group aduit requirements and audit documentation
- Fraud prevention across all subsidiaries
Financial Planning and Analysis (FP&A) Integration
- Alignement with FP&A who may operate with different assumptions, models and timelines
- Accurate performance scenario analysis and forecasting
Data Quality and Integration
- Fragmented data systems due to multiple subsidiaries using different systems and processes
- Data integration from multiple, fragmented data sysems into a single group-wide reporting system
Intercompany Management Use Cases
Deep dive into Intercompany Management Use Cases
How EXA helps
EXA AG provides specialized, integrated SAP standard software and deep subject matter expertise to give CFOs, Group Controlling, and Tax leaders complete end-to-end data transparency into their global value chains. The EXA Global Intercompany Management Suite streamlines intercompany processes to ensure global and local compliance, unlock a holistic view of group and local profitability, and drive operational efficiency, transforming complex finance challenges into strategic business advantages.
EXA Intercompany Management Suite
