Transaction & settlement for enterprise.

Treasury, intercompany settlement, and regulated commercial flows at enterprise scale. Built to clear audit and survive legacy estates.

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Overview

Transaction & settlement infrastructure for enterprise, built to the standard institutions in this sector are required to operate.

XVICA designs, builds, and operates this layer for enterprise clients in the UK, US, Canada, and Australia. The work is specified against the regulatory regime, the operational profile, and the examination expectations of this sector before any code is written.

01Why it matters

What enterprise cannot get wrong here.

Intercompany reconciliation consumes finance cycles that should be closing the books.
Treasury exposure is carried on spreadsheets the auditor cannot verify.
Commercial payment volumes breach the design assumptions of legacy ERP modules.
Tax, transfer pricing, and regulatory reporting each demand a different view of the same ledger.

02Regulatory posture

Named regimes, mapped controls

Regulatory requirements are translated into explicit control requirements, then mapped to tests and evidence collection. Nothing is implied.

Financial reporting

SOX s.404 control evidence, IFRS 15 revenue recognition, US GAAP ASC 606, and audit-trail expectations under ISAE 3402.

Tax & transfer pricing

OECD BEPS Pillar Two, HMRC Making Tax Digital, e-invoicing mandates (Italy SDI, France FactureX, Germany XRechnung), and country-by-country reporting.

Sector overlays

PCI-DSS where card flows are in scope, GDPR for transaction data containing PII, and industry rules (utilities billing codes, telecoms reconciliation norms) as applicable.

03Reference architecture

Design decisions distinctive to this intersection

Components and design choices that recur across our work for this sector. Each deployment is specified individually.

Multi-entity ledger

One platform, multiple legal entities and currencies. Intercompany eliminations run inside the system, not in spreadsheets.

Accounting rule engine

Business events mapped to journal templates. Rules are versioned, reviewable, and reversible.

Netting and settlement windows

Configurable netting cycles per entity pair. Settles the residual; audits the whole.

ERP coexistence

Designed to sit alongside SAP, Oracle, or Workday as the transaction system of record, with bidirectional reconciliation rather than dual-write.

Evidence-grade audit trail

Every posting carries its origin event, rule version, and reviewer. Exported in formats external auditors accept without translation.

04XVICA's approach

How we work in enterprise.

Enterprise transaction work rarely starts with a greenfield field. It starts with a finance function carrying operational risk on spreadsheets and an ERP that was never specified for the volume it now handles. Our engagements begin by distinguishing the transactions that need a regulated system of record from the ones that can stay where they are. The regulated set — intercompany settlement, cash management, commercial payment flows, revenue recognition at the point of event — is then lifted onto a purpose-built ledger layer that coexists with the existing ERP rather than replacing it. The effect is that the finance team stops reconciling and starts reviewing; the auditor stops rebuilding the trail and starts sampling it. Nothing in the estate gets ripped out unless ripping it out is the cheaper path.

05Engagement