SAP Financial Close Excellence Part 4: Intercompany Accounting

Presented by

Molly Boyle, Finance Transformation Expert, BlackLine

About this talk

Despite recent trends toward digital transformation and a new wave of ERP technology, many accounting teams still rely on traditional, manual processes to close the books. In other words, the close is chaos with a deadline. But it doesn’t have to be. This webinar series will explore aspects of the Financial Close that are most ripe for transformation and share best practices for accounting teams. Experts from SAP and BlackLine will introduce the SAP solutions by BlackLine and highlight four common use cases for the complementary solutions: balance sheet substantiation, journal entry management, reconciling transactions, and intercompany accounting. When organizations expand their global footprint, a high volume of transactions, numerous regulatory and tax requirements, multiple currencies, and disparate systems create challenges with compliance and control. Reactive processes that are dependent on spreadsheets, email, or other workarounds expose organizations to financial, legal, and reputation risk. In this episode, we’ll cover: -The definition of intercompany accounting -Challenges and use cases for a unified intercompany solution -Impactful applications and outcomes for organizations using SAP Intercompany Financial Hub by BlackLine

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Companies come to BlackLine because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control.