Zero out intercompany balances to increase confidence in financial results. A complete virtual subledger of global intercompany transactions designed to streamline and manage reconciliation complexity, including currency exchange rates, transaction amounts, recorded taxes, and exception management, to free up staff capacity and close periods quicker.
Vendor
BlackLine
Company Website
Overview
BlackLine's Intercompany Balance & Resolve solution is designed to streamline intercompany reconciliation across global organizations. It simplifies managing complex transactions, including currency exchange, taxes, and multi-ERP environments. By centralizing transaction data and automating exception management, it enhances the speed and accuracy of financial closing, reducing manual processes and write-offs. This solution supports rapid issue resolution, ensuring accurate financial results and fostering confidence in intercompany balances.
Features & Capabilities
- Automates exception identification and resolution for global intercompany transactions.
- Centralizes transaction records, journal entries, and supporting documentation.
- Integrates seamlessly with multiple ERP systems, ensuring cross-entity reconciliation.
- Manages compliance with global tax, exchange rate, and governance requirements.
- Supports multi-level approval workflows for resolving discrepancies.
- Reduces manual accounting, improving operational efficiency by up to 85%.
- Optimizes intercompany workflows and certifications to streamline month-end processes.
- Offers a virtual subledger to maintain transaction transparency and control.