Intercompany accounts pose another headache for treasurers
Failure to own and timely settle intercompany transactions leaves firms open to FX and tax risks
An inability to reconcile intercompany accounts on a timely basis is adding to company treasurers' woes as stale trade balances are increasing exposure to foreign exchange risks.
Advisers at Deloitte say the problem arises from continued denial and neglect by various departments in organisations to take ownership of such transactions because they are not considered a priority. This negligence has the potential to have an impact on a firm's bottom line and often results in missed hedging
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