Reconcile intercompany flows
Cross-check balances between group entities and suggest elimination entries.
Introduction
Intercompany reconciliation in Excel means cross-checking balances across N entities, identifying discrepancies and posting eliminations. It's time-consuming, error-prone and delays consolidation.
Phacet imports balances from each entity, automatically reconciles by entity pair, identifies discrepancies and suggests elimination entries. Consolidation is accelerated and made reliable.
When to use this Phacet
Built for group CFOs, consolidators or controllers who want to:
• Automate intercompany reconciliation across N entities.
• Identify discrepancies by entity pair quickly.
• Generate elimination entries automatically.
• Accelerate group closing and consolidation.
AI skills involved
Automatically match your data across files, tools and systems
Phacet cross-references your data across sources - invoices vs. payments, POs vs. receipts, bank lines vs. GL entries, CRM deals vs. billing records. It tells you exactly what matches, what's missing, and what's off. No VLOOKUP, no manual comparison.
Validate every line against your rules, thresholds and references
Define your rules once - negotiated prices, spending caps, expense policy, contract conditions, approval thresholds - and Phacet applies them to every single row, every time. Every discrepancy is flagged with the exact reason, ready for review.
Get notified on what matters and share results without manual work
Phacet sends alerts the moment a threshold is crossed or an anomaly is detected by email, Slack or in-app. It also generates summaries, dashboards and structured exports ready to send to your ERP, your team or your management. Results reach the right people at the right time, automatically.
Every AI result linked to its source — audit-ready by default
Every output Phacet produces is traceable back to the exact source line - the PDF page, the ERP row, the bank entry. You can always answer "why did Phacet flag this?" with a precise reference. Confidence scores, decision logs and source citations are built in, not bolted on.
Business impact
78% time savings on interco reconciliation
From 1-2 days per month to 2 hours. Cross-checking balances is automatic.
Zero residual interco discrepancy
Every gap is identified and documented. Elimination entries are suggested and ready to post.
Accelerated consolidation, audit-ready
The reconciled interco matrix is directly exportable for audit or consolidation.
Integrated with everything
Steps to get Started
Import balances by entity
Load GL exports from each group entity and identify interco accounts.
Reconciliation by entity pair
Phacet cross-checks balances between each pair of entities and identifies discrepancies.
Elimination entries suggested
Required adjustments are proposed with details by account and entity.
Validate and consolidate
Post eliminations export the reconciled matrix for consolidation or audit.
Unlock your AI potential
Do more with your existing resources using tailored AI solutions.
Frequently Asked Questions
From 2 to 50+ entities. Reconciliation is automatic for each pair.
Phacet proposes them. You validate before they are posted in the consolidation tool.
No. Phacet handles mapping between different charts of accounts within the group.
Yes. Standard format export compatible with the main consolidation tools.
Yes. The history by entity pair is viewable to identify recurring patterns.
