BlockCo : Blockchain for inter-company financial reconciliation Qorus Innovation in Insurance Awards 2021 - Winner

Every medium and large company employee experiences repetitive tasks as they go about their daily work, especially with things like copy and pasting, manual checking, and juggling phone calls, messaging and emails. For finance teams, the inter-company reconciliation or ‘InterCo’, is a key financial process, which involves a lot of different stakeholders for the approval, registration and reconciliation of invoices. At AXA Partners, Innovation is also about using technology for employee satisfaction and engagement. So we decided to change the way we reconcile InterCos and alleviate daily work routine. We call it BlockCo: Blockchain for Inter-company Financial reconciliation processes