Case Study: Kraft Heinz reduces intercompany discrepancies with BlackLine

Kraft Heinz cuts intercompany discrepancies by 20x with BlackLine

Kraft Heinz, a major global food and beverage company, faced significant challenges in managing intercompany transactions after its 2015 merger. The process of reconciling millions of non-product invoices across dozens of entities and multiple ERP systems was uncoordinated, manual, and complex, leading to $20-30 million in monthly discrepancies. To address this, the company turned to vendor BlackLine and its Intercompany Financial Management product.

By implementing BlackLine's solution, Kraft Heinz achieved a dramatic reduction in discrepancies, cutting them by 20 to 30 times. The platform provided heightened visibility, strengthened controls, and increased efficiency, allowing staff to focus on value-added work. The solution also achieved a 93 percent transaction matching rate. BlackLine enabled Kraft Heinz to automate manual processes and standardize its global intercompany accounting practices on a single, common platform.

Kraft Heinz