What is Intrachain?
Intrachain is the world’s first process mining software with integrated blockchain.
Compatible with all IT infrastructures, Intrachain centralises and streamlines your intercompany accounting, reducing your costs and increasing productivity.
Large corporations are highly inefficient.
They often consist of several hundred subsidiary companies, which are put together under one group. Managing transactions between these subsidiary companies is very inefficient, mainly because of two reasons:
A lack of information
High costs for allocation, reconciliation and clearing
Process mining combined with smart contracts
Intrachain provides a solution for both problems.
The lack of information is fixed by the Intrachain Process Mining Engine. It enables each subsidiary company to drill down into their costs and identify single activities and their duration.
These activities are connected to the blockchain and get processed immediately using smart contracts. The smart contracts charge the receiving parties right away and handle the corresponding transactions.
Furthermore, the technology works across all IT infrastructures due to its decentralised blockchain. Therefore, it can easily be implemented at new subsidiaries. So it doesn’t interfere with common M&A activities or infrastructure decisions.