What tools are available for managing ICMR disputes?

• A. Email and phone communication
• B. Dispute resolution workflows
• C. Regular meetings
• D. Standardized reports

Answer: (B)

Dispute resolution workflows are specifically designed to manage ICMR disputes efficiently. These workflows provide a systematic approach to addressing discrepancies between intercompany transactions, allowing organizations to streamline processes, assign responsibilities, and track the status of disputes in a centralized manner. This ensures that disputes are resolved in a timely and organized fashion, reducing the risk of financial discrepancies and enhancing communication between involved parties.

While email and phone communication, regular meetings, and standardized reports can support the dispute management process, they do not offer the same level of structure and automation that dispute resolution workflows provide. These alternative methods can be helpful for specific communications or as complementary processes, but they lack the comprehensive features necessary for effectively managing disputes within the context of intercompany reconciliation.