Faster Financial Close

Eliminate the 5-10 day reconciliation bottleneck by recording all inter-company and external transactions on a shared, immutable ledger. This creates a single source of truth, automatically matching entries across subsidiaries, banks, and trading partners. For example, a global manufacturer reduced its reconciliation time from 14 days to near-instant, freeing up hundreds of accounting hours per month.

Every journal entry, adjustment, and approval is cryptographically sealed with a tamper-proof audit trail. This drastically reduces the cost and time of internal and external audits. Key benefits include:

• Automated SOX compliance with provable controls.
• Instant traceability for any transaction back to its source.
• Estimated audit cost reduction of 30-50% by providing auditors with direct, read-only access to verified data.

Replace manual netting and lengthy settlement cycles with smart contract automation. Agreements between subsidiaries are encoded to execute automatically upon meeting predefined conditions (e.g., service delivery confirmation). This:

• Eliminates disputes and manual follow-ups.
• Reduces working capital trapped in intra-group floats.
• Cuts settlement times from weeks to minutes, as demonstrated by a Fortune 500 firm that automated its $2B+ annual intercompany ledger.

Generate financial statements and regulatory reports directly from the consolidated ledger data. With all transactions pre-validated and reconciled, the close-to-report cycle shrinks from days to hours. This enables:

• Faster SEC/ESG filings with embedded data integrity.
• Dynamic management reporting for real-time decision making.
• A strategic shift for the finance team from data gathering to analytics and forecasting.

The Pain Point: Manual reconciliation of inter-company transactions and bank statements is error-prone and consumes hundreds of analyst hours monthly.

The Blockchain Fix: A shared, immutable ledger creates a single source of truth. Transactions are recorded once and instantly visible to all permitted parties, eliminating reconciliation delays.

• Example: A global manufacturer reduced its inter-company reconciliation time from 10 days to near real-time, freeing up 15,000 analyst hours annually.
• ROI Driver: Direct labor cost savings and accelerated reporting.

The Pain Point: Preparing for audits requires manually compiling evidence from disparate systems, a process vulnerable to gaps and inconsistencies.

The Blockchain Fix: Every journal entry and adjustment is cryptographically sealed with a timestamp and provenance. Auditors can be granted read-only access to a verifiable, tamper-proof trail.

• Example: A financial services firm cut external audit fieldwork by 40% by providing auditors with direct, permissioned access to their blockchain ledger.
• ROI Driver: Reduced audit fees, lower compliance risk, and stronger internal controls.

The Pain Point: Manual calculation and booking of complex accruals (e.g., revenue recognition, lease accounting) are slow and prone to human error.

The Blockchain Fix: Smart contracts automatically execute and record accruals based on predefined, codified rules (e.g., IFRS 15, ASC 842) when triggering events occur.

• Example: A SaaS company automated its monthly revenue recognition, ensuring 100% compliance with contract terms and eliminating manual journal entries.
• ROI Driver: Improved accuracy, guaranteed compliance, and finance team focus on analysis versus data entry.

The Pain Point: Gathering and consolidating financials from dozens of global subsidiaries takes weeks, using error-prone spreadsheets and manual currency conversions.

The Blockchain Fix: Subsidiaries post transactions to a permissioned chain. The parent entity has a real-time, consolidated view. FX rates can be applied via oracle feeds.

• Example: A multinational conglomerate reduced its group consolidation timeline from 12 business days to 2, enabling faster strategic decision-making.
• ROI Driver: Accelerated close cycle, improved data quality for executive reporting, and reduced operational lag.