IC Loans - Jobs & Desired Outcomes¶
Confirmed Outcomes¶
Corroborated by 2+ sources
Job: Track intercompany loan positions and interest across multiple entities¶
| Desired Outcome | Status | Solved By |
|---|---|---|
| Minimize manual effort to update benchmark rates and calculate interest monthly | ❌ Not solved | — |
| Reduce errors in interest accrual calculations | ❌ Not solved | — |
| Increase visibility into total IC loan exposure by entity and currency | ❌ Not solved | — |
Gaps: No IC loans feature. Users track in Excel/Google Sheets.
Sources: - Palm Internal (2025-12-02) - "This is where things started getting really manual and tricky... I was updating every month." - Gurjit describing Uber's 60+ loan portfolio - ON (2025-05-23) - IC balance tracking across cash pools: "daily accrual (e.g., 1.25% between On Holding and On AG), paid quarterly"
Emerging Signals¶
Single source - needs corroboration
Potential Job: Forecast quarterly intercompany interest payments¶
Potential Outcomes: - Minimize surprise in quarterly IC interest settlements - Increase visibility into accruing interest obligations - Reduce manual calculation of interest based on daily balances
Source: ON (2025-05-23) - "Interest forecasting - calculate accrued interest based on daily IC balances and extrapolate to quarter end"
Potential Job: View historical IC balance positions as of any date¶
Potential Outcomes: - Minimize manual reconstruction of historical IC positions - Reduce time spent answering "what was our IC position on date X?" - Increase auditability of IC balance changes over time
Source: ON (2025-05-23) - "'As of date' filter for IC balances - see historical IC balance positions, not just running total"
Potential Job: Manage IC loan lifecycle (issuance, amendments, repayments, closure)¶
Potential Outcomes: - Minimize risk of missing loan maturity dates requiring amendments - Reduce time spent on loan documentation and amendments - Increase ability to identify loans that can be paid down when cash is available
Source: Palm Internal (2025-12-02) - "Anytime we were 30 days out from expiration, it would light up. That would be our trigger to issue a loan amendment."
Potential Job: Provide accounting teams with accurate IC loan data for booking¶
Potential Outcomes: - Minimize reconciliation issues between treasury loan tracking and accounting entries - Reduce time for accounting to confirm loan draws against bank movements - Increase accuracy of intercompany loan reporting
Source: Palm Internal (2025-12-02) - "This was sent out every month... to our accounting teams. They would then say, okay, we see all of these loan draws... let's go ahead and book these accounting entries as loans."
Potential Job: Optimize cash repatriation through IC loan repayments¶
Potential Outcomes: - Minimize idle cash in subsidiaries that could be returned to parent - Reduce total IC loan portfolio complexity over time - Increase cash available at central treasury for deployment
Source: Palm Internal (2025-12-02) - "If a country built up a big enough balance, we would check - can we take that balance, pay off this loan and close the loan out. One less thing to track."
Potential Job: Clear cash pool balances efficiently (via formalizing loans, IC settlements, etc.)¶
Potential Outcomes: - Reduce time to clear intercompany/pool balances before they become tax issues - Minimize risk of pool positions being deemed loans by tax authorities - Increase visibility into options for clearing positions (formalize loan vs IC settlement vs organic clearing)
Source: Palm Internal (2025-12-02) - "If they could clear it quickly without X, Y, Z... that is pretty powerful" / Tax authorities may deem persistent pool positions as loans
Potential Job: See IC positions at entity-level while understanding they net to zero globally¶
Potential Outcomes: - Minimize confusion when viewing entity-level vs global IC positions - Reduce errors from assuming IC positions contribute to global cash - Increase clarity on which entity owes/is owed what
Source: Palm Internal (2025-12-02) - "At a global view, you lose a lot of stuff... intercompany balances" / IC positions matter at entity level but net out globally