Intercompany FX at close: policy owners and explainable residuals

Schematic: policy boundary (rates, hedging) above operational matching on GL lines.

Currency translation and settlement timing create deltas that are legitimate until policy says otherwise. Group finance must separate what the ledger shows from what treasury and consolidation have already decided to accept or hedge.

What stays with treasury and consolidation policy

Rate sources, hedging narratives, materiality thresholds, and statutory translation rules are not outsourced to a matching tool. Ninon surfaces residual amounts with traceable context so reviewers can align with documented FX policy—not auto-close every shock.

What operations can industrialise in the workspace

Ranked proposals, reasons on near-miss pairs, entered FX rates (distinct from % tolerance) and memory of prior decisions. Reviewer actions stay on the break in the audit trail.