Intercompany crossover

BlackLine Sets New Standard with Addition of Trade Management Capabilities to its Intercompany Financial Management Solutions

Retrieved on: 
Wednesday, November 29, 2023

LOS ANGELES, Nov. 29, 2023 /PRNewswire/ -- Digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) continues to solve complex intercompany accounting challenges, delivering new trade management capabilities for enterprise and midsize customers.

Key Points: 
  • (Nasdaq: BL) continues to solve complex intercompany accounting challenges, delivering new trade management capabilities for enterprise and midsize customers.
  • BlackLine Intercompany solves these problems by harmonizing and unifying data across multiple ERPs, reducing tax filing time and effort and overall close cycles.
  • To date, BlackLine Intercompany has helped numerous Fortune 100 organizations maximize tax reporting efficiency while enhancing regulatory compliance.
  • The new trade management capabilities are included in BlackLine's Intercompany Create solution, part of its portfolio of Intercompany Financial Management offerings.

XP Inc. Reports 3Q23 KPIs

Retrieved on: 
Tuesday, October 24, 2023

XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 3Q23 KPIs.

Key Points: 
  • XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 3Q23 KPIs.
  • In 3Q23, Net Inflow was R$48 billion, up 118% QoQ and 38% YoY.
  • These figures include R$34 billion of Client Assets from Modal, which were accounted as Net Inflow in 3Q23.
  • Retail DATs totaled 2.1 million in 3Q23, down 9% YoY and 2% QoQ, reflecting weaker volumes in the equity market.

BlackLine Announces Industry's First AI-Enabled Intercompany Accounting Capabilities

Retrieved on: 
Tuesday, September 12, 2023

LOS ANGELES, Sept. 12, 2023 /PRNewswire/ -- Leading the industry in innovation once again, digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) has announced the first AI-enabled intercompany accounting capabilities. Designed to prevent transaction failures before they occur and minimize time and resources spent across the entire transaction lifecycle, 'Intercompany Predictive Guidance' will be integrated into BlackLine's family of intercompany financial management solutions.

Key Points: 
  • Intercompany Predictive Guidance significantly reduces transaction failure rates, eliminates costly rework, and expedites processing across the transaction lifecycle
    LOS ANGELES, Sept. 12, 2023 /PRNewswire/ -- Leading the industry in innovation once again, digital finance transformation leader BlackLine , Inc. (Nasdaq: BL) has announced the first AI-enabled intercompany accounting capabilities.
  • Failures result in billing, invoicing, reconciliation, and settlement delays while adding time, inefficiency, and frustration to an organization's intercompany operations.
  • "I'm incredibly excited to be able to offer our intercompany customers this industry-first functionality," said BlackLine Founder and Co-CEO Therese Tucker.
  • Intercompany Predictive Guidance will initially be available for BlackLine's Intercompany Non-Trade solution, which manages and automates services-related transactions.

BlackLine Honors 2023 Modern Accounting Award Winners: CVS Health, Barentz, Kimberly-Clark, Premier Trailer Leasing, Nippon Express Holdings, and Boeing

Retrieved on: 
Wednesday, August 30, 2023

LOS ANGELES, Aug. 30, 2023 /PRNewswire/ -- Digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) has announced the winners of its 2023 Modern Accounting Awards. This is the fifth annual global awards program by the company, celebrating customers that have revolutionized their traditional accounting methods to adopt modern accounting practices. This year's winners, from various industries and regions, demonstrated impressive use of BlackLine's market-leading solutions, joining the ranks of previous notable recipients such as Domino's, Finning, SiriusXM, Starbucks, Takeda, and Zurich North America.

Key Points: 
  • (Nasdaq: BL) has announced the winners of its 2023 Modern Accounting Awards .
  • This is the fifth annual global awards program by the company, celebrating customers that have revolutionized their traditional accounting methods to adopt modern accounting practices.
  • The Accelerator: CVS Health – America's leading health solutions company saved time and money with BlackLine by automating routine work which freed up six full-time employees to focus on strategic activities.
  • The Pioneer: Nippon Express Holdings – The global logistics company is taking on transformational challenges as the first in Japan to use BlackLine's Intercompany Financial Management solutions.

XP Inc. Reports 2Q23 KPIs

Retrieved on: 
Wednesday, July 19, 2023

XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 2Q23 KPIs.

Key Points: 
  • XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 2Q23 KPIs.
  • In 2Q23, Net Inflow was R$22 billion, up 36% QoQ and down 49% YoY.
  • Retail DATs totaled 2.2 million in 2Q23, down 4% YoY and 8% QoQ, reflecting weaker volumes especially in futures.
  • Maintaining a high NPS score remains a priority for XP since our business model is built around client experience.

XP Inc. Reports 1Q23 KPIs

Retrieved on: 
Tuesday, April 25, 2023

XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 1Q23 KPIs.

Key Points: 
  • XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 1Q23 KPIs.
  • To participate in the earnings webcast please subscribe at: 1Q23 Earnings Web Meeting .
  • Our network reached 13.0 thousand IFAs in 1Q23, up 6% QoQ and 21% YoY, maintaining XP as #1 independent distribution platform in Brazil.
  • Retail DATs totaled 2.3 million in 1Q23, up 2% YoY and down 13% QoQ, reflecting a weak equity market in 1Q23.

XP Inc. Reports 4Q22 KPIs

Retrieved on: 
Tuesday, January 17, 2023

XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 4Q22 KPIs.

Key Points: 
  • XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 4Q22 KPIs.
  • In 4Q22, Net Inflow was R$31 billion, down 11% QoQ and 36% YoY.
  • Retail DATs totaled 2.7 million in 4Q22, up 8% YoY and up 16% QoQ, in line with recent market trends.
  • Maintaining a high NPS score remains a priority for XP since our business model is built around client experience.

BlackLine Reveals Transformational Finance & Accounting Solutions at 15th Annual BeyondTheBlack Global Conference

Retrieved on: 
Tuesday, November 8, 2022

LOS ANGELES, Nov. 8, 2022 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) today announced several new innovations including the BlackLine Accounting Studio – designed to help Finance and Accounting (F&A) leaders transform and modernize their operations via a single, controlled environment that unifies all of BlackLine's market-leading solutions. The new offerings will be featured this week at BlackLine's annual global conference BeyondTheBlack™ 2022.

Key Points: 
  • The initial iteration of the Studio will focus on financial close processes and is slated for general availability in Q2'2023.
  • With our newest solution offerings and the introduction of the BlackLine Accounting Studio, we want to help our customers fundamentally change the way accounting work gets done.
  • BeyondTheBlack is BlackLine's annual conference that for 14 years has brought together a global community focused on innovation and leadership in F&A.
  • BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control.

XP Inc. Reports 3Q22 KPIs

Retrieved on: 
Thursday, October 20, 2022

Retail DATs totaled 2.3 million in 3Q22, down 11% YoY and up 3% QoQ.

Key Points: 
  • Retail DATs totaled 2.3 million in 3Q22, down 11% YoY and up 3% QoQ.
  • Maintaining a high NPS score remains a priority for XP since our business model is built around client experience.
  • Total TPV reached R$6.6 billion in 3Q22, a 103% growth versus R$3.3 billion in 3Q21, and 21% growth versus 2Q22.
  • 3 Total Pension Funds Clients Assets includes assets from XP Vida e Previdncia and from third party funds distributed in our platform.

BlackLine Unveils Industry's First 'Tax Hyperautomation' Capabilities for Intercompany Financial Management

Retrieved on: 
Tuesday, September 27, 2022

LOS ANGELES, Sept. 27, 2022 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) has unveiled the industry's first 'tax hyperautomation' capabilities for intercompany financial management, designed to help multinational corporations navigate the complexities of transacting across multiple legal entities, billing routes and jurisdictional boundaries.

Key Points: 
  • (Nasdaq: BL) has unveiled the industry's first 'tax hyperautomation' capabilities for intercompany financial management, designed to help multinational corporations navigate the complexities of transacting across multiple legal entities, billing routes and jurisdictional boundaries.
  • Embracing this approach, BlackLine defines tax hyperautomation as the holistic mapping and orchestrated use of tax-critical automation capabilities to break down the financial silos in intercompany processes.
  • "Intercompany Financial Management, on the other hand, is an approach that weaves tax considerations into how intercompany operations are optimized.
  • For more information about BlackLine's Intercompany Financial Management solutions, please visit https://www.blackline.com/intercompany .