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Author's profile photo Swati Balani

Intercompany Reconciliation Automation with Machine Learning

Welcome to the blog post on Intelligent Intercompany Reconciliation Automation with Machine Learning and Advanced Intercompany matching and reconciliation solution from SAP S/4HANA Cloud.

Traditional Intercompany Reconciliation has been time-consuming and labor-intensive.

From subsidiaries point of view, there are lot of discrepancies which needs offline communication to find the root cause and resolve them and from Headquarter point of view, Group Accountant finds it difficult to explain the differences & inconsistencies due to large volume of data and takes much longer time for intercompany elimination, consolidation and corporate closing.

 

What’s New?

The drawbacks of traditional process can be overcome by using the advanced intercompany matching and reconciliation solution (Scope item 40Y) and by using the machine learning technology (Scope item 4LG) with SAP S/4HANA Cloud.

With SAP S/4HANA Cloud you not only get predefined rules for auto-match, but also get automatic matching capabilities through machine learning technology. The unmatched documents can be sent to the Intelligent Intercompany Reconciliation Service on SAP BTP (Business Technology Platform) for line item matching and reason code assignment and the matched documents proposal is then sent back.

What are the Business Benefits?

Save time, save efforts & save operation cost by automating the labor-intensive matching work. Increase the matching accuracy and transparency among the headquarter & subsidiary companies. Speed up the month end closing process, group consolidation & reporting, streamline local closing to corporate closing.

Learn More

Business Users can learn how to automate intercompany reconciliation in SAP S/4HANA Cloud using machine learning with this Microlearning session.

Technical Users can learn how to set up the machine learning for intercompany reconciliation automation in SAP S/4HANA Cloud with this Microlearning session.

Two-Tier ERP business users can learn how to automate intercompany reconciliation with SAP S/4HANA Cloud using machine learning with this Microlearning session.

Two-Tier ERP technical Users can learn how to set up the machine learning for intercompany reconciliation automation with this Microlearning session.

Do stay tuned with the latest updates, stay safe and stay healthy.

For more information, check out the following links:

  • Early Release Webinar Series here
  • SAP S/4HANA Cloud release info here
  • Latest SAP S/4HANA Cloud Release Blogs here and previous release highlights here
  • Blog post series for Hybrid Cloud here
  • Inside SAP S/4HANA Podcast here
  • Microlearnings for SAP S/4HANA here
  • Product videos on our SAP S/4HANA Cloud and SAP S/4HANA YouTube playlist
  • Best practices for SAP S/4HANA Cloud here
  • SAP S/4HANA Cloud User Community: register here

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