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.
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.
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BlackLine is a provider of cloud-based solutions for Finance & Accounting (F&A) that centralize and streamline financial close operations and other key F&A processes for midsize and large organizations. Designed to complement ERP and other financial systems, the BlackLine Finance Controls & Automation Platform increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management, fueling confidence throughout the entire accounting cycle.
BlackLine’s mission is to continuously improve the quality, accuracy and efficiency of Finance & Accounting by centralizing key functions within a single, unified cloud platform. Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day activities, BlackLine helps companies achieve Modern Finance status, ensuring more accurate and insightful financial statements and a more efficient financial close. More than 2,200 companies with users in approximately 150 countries around the world trust BlackLine to ensure balance sheet integrity and confidence in their financial statements.
BlackLine has recognized by Gartner as a Leader 2 years in a row in Gartner's 2017 and 2018 Magic Quadrant for Cloud Financial Close Solutions.
Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com.