Which function is NOT a part of the ICMR process?

• A. Identifying discrepancies
• B. Creating product delivery schedules
• C. Automating reconciliation processes
• D. Generating financial compliance reports

Answer: (B)

Creating product delivery schedules is not a function that is part of the Intercompany Matching and Reconciliation (ICMR) process. The ICMR process primarily focuses on ensuring that intercompany transactions are accurately matched and reconciled between different entities in a group. This includes identifying discrepancies, automating reconciliation processes to streamline operations, and generating financial compliance reports to ensure that all transactions adhere to regulatory requirements and internal standards.

In contrast, creating product delivery schedules pertains more to logistics and supply chain management, which deals with the timing and planning of when products will be delivered. While this is an important function in overall business operations, it is not specifically related to the matching and reconciliation of intercompany financial transactions.