What is a benefit of centralized dashboard features in ICMR?

• A. They reduce the need for intercompany communication
• B. They enable effective transaction monitoring and management
• C. They allow for manual intervention in every reconciliation case
• D. They are primarily designed for external audits

Answer: (B)

The centralized dashboard features in ICMR provide significant advantages in transaction monitoring and management. By consolidating data from various intercompany transactions into a single interface, these dashboards facilitate real-time visibility and analytics, allowing organizations to track performance, discrepancies, and trends across their intercompany activities seamlessly.

Effective transaction monitoring means that businesses can quickly identify mismatches in figures presented by different entities within the organization, enabling them to address issues promptly and maintain accurate financial records. This holistic view also supports better decision-making and promotes a more efficient reconciliation process, ultimately leading to enhanced compliance and reduced errors within intercompany transactions.

While other options mention aspects like reducing communication, allowing manual intervention, or focusing on audits, they do not capture the primary purpose of centralized dashboards, which is to enhance visibility and facilitate efficient management of transactions.