What is 'declaring company' in SAP EPM-IC - SAP BusinessObjects Intercompany?

declaring company - Overview

• Component: EPM-IC

• Component Name: SAP BusinessObjects Intercompany

• Description: A company which declares the transactions performed with other companies and enters balances.

declaring company - Details

• 
  Key Concepts: 
  A declaring company is a company that declares its financial data to another company. This is done through the SAP BusinessObjects Intercompany Matching (EPM-IC) component. The declaring company is responsible for providing accurate and up-to-date financial information to the other company. This information is then used to reconcile intercompany transactions and ensure that both companies are in agreement on the financial data. 
  
  How to use it: 
  The declaring company must first set up an account in the EPM-IC component. This account will contain all of the financial data that needs to be declared. Once the account is set up, the declaring company can then enter the financial data into the system. The other company will then be able to access this data and use it to reconcile intercompany transactions. 
  
  Tips & Tricks: 
  It is important for the declaring company to keep their financial data up-to-date in order for the other company to accurately reconcile intercompany transactions. Additionally, it is important for both companies to agree on any changes made to the financial data before they are entered into the system. 
  
  Related Information: 
  The EPM-IC component also allows companies to reconcile intercompany transactions using a variety of methods, such as manual matching, automated matching, and third-party matching. Additionally, companies can use the EPM-IC component to generate reports and analyze their intercompany transactions.