Eliminate settlement delay. Gain control on FX. Ensure cash precision. Empower the collaboration between Treasury, Accounting, Finance, and Tax with real-time visibility on the status of intercompany transactions. Integrate with ERP, banking, and treasury management systems to facilitate and streamline netting, settlement, and clearing processes.
Vendor
BlackLine
Company Website
Overview
BlackLine’s Intercompany Net & Settle solution streamlines and automates the netting and settlement of intercompany transactions. It integrates with ERPs, banking, and treasury management systems to enhance real-time visibility, optimize cash flows, and reduce operational delays. The platform facilitates efficient intercompany lending, currency exchange, and compliance with global tax and currency requirements, enabling organizations to process transactions faster while reducing costs and exposure to foreign exchange risk.
Features & Capabilities
- Automates netting and settlement for intercompany transactions.
- Integrates with ERP, banking, and treasury systems.
- Enhances real-time visibility into open balances and transactions.
- Supports multilateral netting and legal entity-based relationships.
- Reduces settlement volumes, taxes, and bank fees.
- Manages FX exposure and tax compliance across global entities.
- Facilitates intercompany lending and cash pooling.
- Receives and processes payment instructions in SWIFT/PAIN and ACH formats.
- Prevents errors by holding disputed invoices and ensuring accurate settlements.