The Kraft Heinz Company is the fifth largest food and beverage company in the world, with 2023 revenues of $27 billion. Created by a merger in 2015, Kraft Heinz brings together a portfolio of iconic and emerging brands, including Kraft, Heinz, Oscar Mayer, Cracker Barrel, Planters, and Miracle Whip.
Kraft Heinz implemented BlackLine’s Intercompany Financial Management platform, streamlining their intercompany processes, improving accuracy, and enhancing compliance.
With 38,000 employees across over 40 countries, Kraft Heinz faced complex challenges managing intercompany transactions on a global scale. Following the 2015 merger, the finance team grappled with up to $30 million in monthly intercompany discrepancies, stemming from multiple ERP systems and resource-intensive manual reconciliations. This intricate process created reporting delays and reduced visibility, making it difficult for the team to focus on strategic financial tasks. Seeking a streamlined, scalable solution, Kraft Heinz needed an approach that could effectively address these operational demands.
The team at Kraft Heinz selected BlackLine’s Intercompany Financial Management platform to streamline their intercompany processes and partnered with SandPoint to guide the implementation. SandPoint led the Kraft Heinz team through each step, from configuring the platform to integrating it with existing ERP systems and delivering hands-on training. Grounded in industry best practices, SandPoint’s implementation approach ensured Kraft Heinz’s custom solution was tailored to their unique challenges and delivered faster time to value.
With SandPoint’s support, Kraft Heinz achieved:
Building on this success, Kraft Heinz is now expanding the project to its operations in Asia, with SandPoint continuing to provide guidance and support.
“The number of intercompany discrepancies has plummeted to near zero with BlackLine.”
– Paul Dubbelman, Finance Lead, Global Business Services
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