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Automating Intercompany Reconciliation: Blitz Report for Streamlined GL Batch Matching

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Intercompany reconciliation is a significant point of pain during our monthly close, as we currently rely on manually exporting complex GL journal and transaction reports into Excel to perform matching and identification of unmatched batches . This process is highly complex, prone to human error, and demands countless hours from our general ledger team. We urgently need an automated and accurate EBS reporting solution that can consolidate detailed intercompany transactional data into a single, usable output, streamlining the matching process considerably.

5 replies

  • Support Enginatics

    Manual reconciliation processes are inherently inefficient, often leading to delays in your fast month end closing efforts . Leveraging specialized Blitz Reports for General Ledger provides the solution by extracting and structuring GL journal data precisely for streamlined intercompany analysis.

  • Support Enginatics

    The ‘GL Account Analysis’ report, in particular, delivers detailed journal lines along with sub-ledger transaction detail, enabling line-by-line reconciliation within a perfectly formatted Excel output .

  • Since we rely on analyzing GL data by hierarchy as well, does this tool support visualizing data by roll-up totals?

  • Support Enginatics

    Yes, specialized reports like ‘GL Balance by Account Hierarchy’ allow pivot and hierarchical analysis at any defined level, such as selecting a Parent Total or Expense hierarchy to immediately overview your P&L .

  • Support Enginatics

    By utilizing Blitz Report’s robust GL reporting capabilities, you eliminate the need for manual data preparation, enhancing accuracy and reducing the time spent on complex intercompany matching drastically.

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