The case for leveraging BlackLine for manual cross charges
Manual intercompany cross charges are often complex and time-consuming. BlackLine’s Intercompany Hub (ICH) offers a centralized, automated solution that improves accuracy, compliance, and efficiency.
Key Benefits:
1. Centralized Intercompany management
- ICH provides a single source of truth with real-time dashboards, standard enforcement, and visibility across all manual intercompany transactions.
2. Improved accuracy and compliance
- Automated workflows and audit trails ensure timely reviews and full traceability, while role-based controls support compliance.
3. Standardized transaction format
- Configurable templates and field-level validations enforce consistency and reduce errors with dropdowns, auto-population, and dependent lookups.
4. Streamlined reconciliation
- ICH supports balanced entries and transaction IDs, simplifying reconciliation and reducing timing-related discrepancies.
By adopting BlackLine ICH, organizations can reduce risk, improve operational efficiency, and bring greater control to intercompany accounting. Watch the video below to see how Clearsulting can help you take the next step toward intercompany transformation.