Inter-company settlement involves the process of resolving financial obligations and transfers between different entities within the same corporate group. This internal accounting procedure ensures that transactions between subsidiaries or departments are accurately recorded and balanced. Efficient inter-company settlement reduces external transaction costs and streamlines financial reporting for large organizations.
Context
Blockchain technology and digital assets are increasingly considered for improving the speed and transparency of inter-company settlement processes. News reports often discuss how distributed ledger solutions can automate reconciliation and reduce manual errors across complex corporate structures. Companies are exploring private blockchain networks to achieve near real-time settlement and enhanced auditability for internal transfers.
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