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Intercompany

How FourQ Helped One of the World’s Largest Multinational Companies Automate Intercompany Financial Management

Learn how one of the world’s largest multinationals automated the tax optimization and processing of more than 500,000 intercompany invoices across 100+ countries.

FourQ Staff
FourQ Staff

Jun 30, 2021

A $200 billion multinational company operating nine different business units across 170+ countries generated billions of dollars in annual intercompany bills while process, tax, and regulatory complexities dampened profits.

To overcome these challenges, the company sought to consolidate business unit common practices into corporate shared services. However, it lacked the technology and intercompany financial management expertise to confidently implement this new way of doing business.

FourQ developed a custom end-to-end solution using our OneBiller software solution. The solution integrated with multiple ERPs to create improved tax and resource efficiency while reducing the company’s operating costs.

The implementation of FourQ’s methodology and OneBiller solution helped the company realize:

  • $500 million in annual tax and cost savings
  • 5%-10% annual improvement in tax deductibility delivered to business units
  • An almost 85% reduction in net BEAT exposure
  • An economy of scale that supported 30% year-over-year growth
  • $10 to $20 million reductions in BEAT exposure

Download the full case study to see how OneBiller is uniquely suited to solve intercompany financial management challenges.

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FourQ Staff

Built by finance, accounting, and tax experts, FourQ is Intercompany Financial Management software that streamlines the global operations of the world’s largest companies. Providing automated intercompany processing seamlessly integrated with global vendor invoice management, FourQ helps multinational companies increase efficiency and improve global business operations. This increases operational productivity while saving millions of dollars annually through improved intercompany billing and payment and tax optimization. Discover why FourQ processes over $34 billion annually across 110 countries and how it can transform global operations at your organization.

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