Intercompany Accounting

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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