The reconciliation and settlement of a company’s Intercompany trading balances is a challenge that grows exponentially with the number of subsidiaries. Intercompany transfers are estimated to equal 30 – 40% of the global economy. They trigger legal requirements, accounting challenges, operational stresses, and tax responsibilities.

Mishandled Intercompany Transactions could result in a material misstatement of a company’s financial statements.

Blockchain is an efficient way of providing Transparency, and Traceability in Intercompany Transactions. As per a review done by the International Data Corporation, 45% of industry leaders will use Blockchain as the primary Intercompany Transaction Management Technology. The data is completely in control and secure no matter whether it is hosted on Cloud or into your IT landscape.