The BlackLine Intercompany Hub is a clearinghouse of transactions that gets rid of after-the-fact manual reconciliations and settlements. It interfaces with a company’s core ERP system, collects and distributes intercompany data, and allows for a single process to reconcile, net and settle intercompany transactions in real time. Currency values, transaction amounts and tax implications issues are eliminated, as the clearinghouse deals with these issues through its internal rules engine. Information flows into the clearinghouse, whether or not this data is delivered from other systems or originates in the Intercompany Hub itself. Other features include the ability to automatically create bulk journals, helping to simplify the journal entry process; the capacity to drill into each intercompany transaction to examine the underlying journals; and the ability to designate different bulk journals to specific intercompany transaction systems.

Key Benefits:
Global, Multi-Entity Centralization: Bringing intercompany data from every entity’s systems into BlackLine’s cloudbased system yields a single, centralized view into all activity around intercompany accounting. From one interface, accounting teams can approve, review, and reconcile transactions across entities, accounting groups, currencies, and geographies.

Decreased Risk & Maximized Control: Mange the intricacies of currency values, transaction amounts, and tax implications with precise, customer defined templates than can be enabled on an entity to entity basis. Each company’s customizable intercompany transaction governance guidelines and controls ensure compliance and control through every step in this historically complex process.

Multiple ERP Interoperability: Whether using a single ERP version across all entities or many disparate financial systems around the world, BlackLine software on its unified cloud platform manages complex end-to-end intercompany accounting in one place, a single source of truth for global organizations.

System Requirements:
To enable the integration, Sage Intacct users are NOT required to purchase: Sage Intacct Web Services - Developer License

Price:
Paid Application

Integration Approved Countries:
United Kingdom; United States;