Intercompany transformation and ICH blueprint
Project overview and objectives
A Fortune 500 oil and gas company came to us with:
- Complex, inconsistent Intercompany trade-flows with underlying organizational structure and master data discrepancies
- 200K+ monthly Intercompany transactions, legacy in-house systems, and a disparate ERP landscape
- Undefined global process standards and master data requirements—resulting in significant manual transaction processing, matching, and reconciliation efforts
What we did
Looking to enable their future state through BlackLine, we helped them:
- Map an end-to-end Intercompany process, evaluate key policies and controls, and analyze key performance metrics like transaction volume and trading partner imbalances
- Develop Intercompany transaction processing, matching, balance sheet reconciliation, netting, and settlement design
- Create an implementation roadmap with recommendations for global Intercompany transformation
- Obtain executive sponsorship to implement an expansive list of strategic initiatives that would standardize processes, redefine policies, modernize system landscape, and automate end-to-end activities
Impact
Now they have a clear path forward for their Intercompany processes, with:
- A documented timeline and strategy for a global BlackLine ICH implementation across 10+ workstreams
- An aligned approach to global BlackLine Core implementation, key dependencies, and synergies
- A cross-functional project team united and focused on quick win and transformational initiatives
- 77 disparate intercompany processes standardized down to 14
When you’re ready to transform your intercompany accounting processes, we’re here to help.