Secure Intercompany Transactions Supported by Blockchain

Create a fully integrated solution with Aurachain – a powerful development platform that has been designed for collaboration and digital process automation with integrated blockchain capabilities.
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Common Challenges of Intercompany Transactions

Enterprise organizations can often have complex multinational networks with large amounts of intercompany transactions. When companies within this kind of network provide products and services to each other, the agreements are governed by the local regulations of each subsidiary’s base country. These agreements can contain various VAT and withholding tax policies that make the settlement of intercompany transactions a tedious effort.

Such a scenario is generally managed manually by finance, billing, and tax teams. Multiple challenges arise as a result, especially when it comes to tax deductions and transaction reconciliation, since each subsidiary has its own accounting and disconnects are commonplace. Companies within the subsidiary network can end up with dysfunctional operating environments.

This cannot be accepted within organizations where traceability and audit are mandatory.

45% ---
of finance executives cite the lack of visibility into invoices and payables as their biggest challenge.

Source: OIFM Survey

Build and deploy a Secure Intercompany Transactions solution with Aurachain

The most intuitive low-code development platform for business process apps.

A highly secure solution is needed that offers traceability through the end-to-end process and creates an immutable single point of truth while managing underlying accounting operations.

Key Benefits

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Streamline intercompany accounting operations

Boost the efficiency of finance, billing, and tax teams across a multinational network of companies.

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Secure data with blockchain technology

Store data on a single, immutable point of truth – with permission-based access for multiple internal stakeholders and external parties.

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Easily leverage existing data

Integrate with existing systems and data repositories to pull information directly into the solution.

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