The BlackLine Intercompany Hub is a clearinghouse for intercompany transfer agreements and transactions that eliminates the need for after-the-fact manual intercompany reconciliations, netting, and settlement. The Intercompany Hub centrally interfaces with all of a company’s core ERPs and other systems, creating intercompany transactions and distributing data and automated journal entries from a centralized system. This provides the means for a single process for agreeing to, creating, posting, and settling intercompany transactions. With a single process, companies gain the highest degree of data integrity and regulatory compliance. All of the complexity inherent to intercompany accounting and intercompany reconciliations, including issues over currency exchange rates, transaction amounts, recorded taxes, journal entry creation, and approval workflows, are neatly and automatically managed within the Intercompany Hub.
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