Intercompany Accounting
Automation

Streamline Intercompany Accounting
and Reduce Reconciliation Time

The UniFi platform gives you extensive features for limitless use cases. These features enable you to automate Intercompany Accounting and replace your Intercompany Accounting software.

Not only can UniFi replace your Intercompany Accounting Software, but it can also replace all other 3rd party software. Reducing your need to manage multiple disparate systems and helping reduce your costs. It’s one platform to replace them all.

Intercompany accounting can quickly become a complex and time-consuming process, especially if your company is large and operates across multiple locations. 

With UniFi, you can simplify this process and make it more efficient.

Read on to find out how to automate the entire process, eliminating the need to perform the same action twice.  

How it works

In intercompany accounting, when a transaction is recorded, it often needs to be reflected in a second company based on what’s recorded in the first company. This means whatever the finance team does in the first company’s accounting system has to be done in the second company’s system, resulting in double work and the possibility of errors.  And it gets more complicated when you have multiple companies involved.  The finance team often have to perform additional accounting entries and reconciliations to ensure they are not double counting when doing consolidations. This can take up a lot of time and resources. 

That’s where UniFi comes in. UniFi automates the entire process, eliminating the need to perform the same action multiple times. UniFi integrates with your accounting system so that all changes in the first company’s books are automatically reflected in other companies’ books, no matter how many companies you have. 

Other Financial Accounting Use Cases

If you have a unique requirement or use case that’s not listed on this page, it’s highly likely that it’s creatable or configurable in UniFi, please speak to our team and we’ll be happy to discuss your options

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Emma is a Business Development Manager at FinanSys with a strong background in accounting. She holds the AAT qualification and is part-qualified as a Chartered Accountant with ICAEW. Previously, Emma served as Finance Manager, where she oversaw all financial operations and successfully implemented a new financial management system. With 7 years of experience, Emma prides herself in identifying challenges faced by finance teams and delivering effective solutions, leveraging her expertise in accounting and financial systems.

Glyn is the Business Development Director at UniFi. Qualified as both a barrister and a chartered accountant, he has dedicated his career to merging these disciplines to drive impactful results. Since entering the IT industry in 1998, he has held diverse roles ranging from back-office accounting to frontline sales, culminating in leadership positions where experience has honed his strategic vision.

His leadership philosophy focuses on nurturing and empowering teams, fostering an environment where they not only achieve exceptional growth but also enjoy the journey together.

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