Intercompany Visibility & Automation

Intercompany matching is often one of the most time-consuming and yet least value-added activities performed during the consolidation. Therefore, during every HFM implementation and application redesign, Finit Solutions helps clients streamline and automate the reconciliation and elimination of intercompany balances. Some of the intercompany solutions that Finit helps clients implement include:

• Automating intercompany elimination at each appropriate parent entity level within the entity hierarchies.
• Developing detailed intercompany matching reports that any user can run to see their matched and unmatched intercompany balances.
• Building automatic intercompany matching email alerts so that users instantly receive intercompany matching reports and messages.
• Building intercompany validation checks into the data load and promotion process, so that intercompany balances must always pass a set of pre-defined criteria.

Without this functionality, corporate finance departments often spend hours, if not days, reconciling intercompany balances and coordinating among the subsidiaries engaged in intercompany transactions. Finit helps clients streamline the intercompany matching process by providing the users with the reports and tools they need to reconcile their balances quickly and efficiently.

On September 16, Finit Solutions will host a webinar:

• Getting the Most out of HFM:
  Intercompany Matching & Eliminations

If you are using HFM for consolidations, then you already know that it is a powerful and complex tool that can vastly improve the analysis and reporting capabilities in your monthly consolidation process. However, one element of HFM that companies often do not use to its full potential is the intercompany matching and elimination functionality. In many cases, companies simply have not had the opportunity to develop a full understanding of all the intercompany features, and have therefore opted not to use them.

In this webinar, you will learn about the metadata and security features that can enable you to take full advantage of HFM’s intercompany matching and elimination functionality. We will discuss how the intercompany dimension, the value dimension, and the account and entity dimensions interact to perform intercompany matching and eliminations at the appropriate levels within your entity structures. You will learn how to analyze intercompany eliminations using data grids, BI+ Financial Reporting, and system intercompany matching reports.

By fully utilizing HFM’s intercompany features, you will not only make your consolidation process much more efficient, but will also provide valuable, detailed intercompany information to both end-users and management. The availability of that intercompany detail can drive critical management decisions and can greatly increase the value of your HFM applications within your organization.

for September 16, 2009 at 12 p.m. EDT