Intercompany Reconciliation

Deloitte’s Multi-Agentic Intercompany Reconciliation Solution is an advanced, AI-powered platform designed to transform the traditionally manual and fragmented process of intercompany (IC) reconciliation into a seamless, automated, and intelligent workflow for global organizations. By leveraging a suite of specialized AI agents, the solution orchestrates the end-to-end IC reconciliation lifecycle, starting with the real-time extraction of IC balances directly from multiple ERPs, eliminating the need for manual data pulls and confirming data accuracy. The platform dynamically maps internal entity codes to trading partner relationships, continuously validating and updating these mappings as organizational structures evolve, which reduces errors associated with static mapping tables. Intelligent matching algorithms reconcile receivables and payables between trading partners, tolerating timing and foreign exchange (FX) differences, and reducing manual intervention. The solution standardizes currency alignment by consistently applying FX rates and flagging any mismatches, helping ensure reliable comparisons across entities. When discrepancies arise, AI agents automatically categorize unmatched balances, investigate timing differences, and suggest likely root causes based on transaction patterns and historical data, accelerating issue resolution. Dispute resolution is streamlined as the platform routes cases to the appropriate parties, tracks resolution status, and maintains an audit trail for transparency and compliance. Adjustment identification is enhanced by AI-driven recommendations based on historical resolutions and materiality thresholds, confirming IC balances are aligned efficiently. The solution also automates the application of netting agreements, reducing gross exposures and optimizing cash flow while tracking compliance with legal documentation. Automated workflows manage the confirmation process, sending reminders and escalating outstanding items to help ensure timely balance confirmations between entities. Settlement tracking is integrated, providing real-time visibility into actual cash settlements and flagging overdue payments for follow-up. For consolidation, the platform prepares elimination entries with supporting documentation, minimizing the risk of errors during the financial close process. Finally, the solution delivers automated period close certification, providing exception reporting for unresolved items and streamlining the close cycle. By automating and enhancing the IC reconciliation process, Deloitte’s solution can accelerate financial close cycles, improve accuracy, enhance compliance, and enable finance teams to focus on strategic analysis rather than manual reconciliation. This professional service utilizes Amazon Bedrock, Bedrock Agents, Strands Agents, Lambda and OpenSearch.