SESSION TO EMPHASIZE IMPORTANCE OF AUTOMATION TO ENSURE ACCURACY, EFFICIENCY IN FINANCIAL CLOSE, REPORTING PROCESSES
Calabasas, Calif. – March 11, 2011 – Representatives from financial software provider BlackLine Systems, along with Ernst & Young LLP and BlackLine client company Momentive Specialty Chemicals (formerly Hexion), will be speaking at the 18th Annual CFO Rising Conference & Expo next week in Orlando.
Finance executives must be ready for whatever the markets, regulators and global economy brings them. CFO Rising will provide a venue for senior finance executives, including some of the world’s most powerful CFOs, to share their insights on strategies for navigating in this complex landscape and ultimately “creating a sustainable edge” over the competition.
Smart, efficient close to report cycles create a foundation for evaluating performance, supporting business decisions and satisfying external reporting requirements. Until now, finance organizations have had to rely on spreadsheet-driven processes that often contain hidden errors, resulting in costly mistakes.
Todd Yothers, finance and compliance process manager at Momentive, will discuss how large companies can communicate better, improve efficiencies, increase productivity, reduce bottom line costs and ensure accuracy on the balance sheet by implementing an automated account reconciliation and financial close system such as that offered by BlackLine.
With stakes surrounding the financial close higher today than ever, the session will focus on ways the CFO can improve control and visibility surrounding the financial close process by automating traditionally manual accounting processes, such as account reconciliations, and virtually eliminate spreadsheets – and the errors/headaches that come with them.
Ernst & Young Advisory Services Executive Director John Hatcher will participate as a panelist and provide a general industry overview.
BlackLine Solutions Consultant Michael Redard, CPA, will lead and moderate the presentation, entitled “Closing with Confidence: Not Just for the Sake of Doing it Faster, But for the Sake of Doing it Better.”
Attendees will leave the session with insight into how they can:
- Implement technology to automate the entire financial close process, increasing control and visibility across the board
- Ensure timely, accurate and documented communications between all departments (accounting, finance, compliance, auditing, etc.)
- Realize exceptional return-on-investment (ROI) in a very short timeframe
- Improve the accuracy and timeliness of compliance reporting
- Define responsibility and process ownership
- Manage compliance while servicing multiple locations
CFO Rising is part of a series of informative and educational events put on by CFO Conferences, an affiliate of the industry leading CFO Magazine. CFO Conferences is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
Founded in 2001, BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution. An experienced provider of software to companies from the Fortune 100 to beyond the Fortune 1,000, BlackLine provides quick-to-implement, scalable and easy-to-use applications that automate the entire financial close process to help improve financial controls for companies of all sizes. BlackLine software applications complement existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
BlackLine offers clients its enterprise-class software in a simple and secure OnDemand/SaaS platform. With a proven track record and a commitment to customer success, BlackLine seeks to reduce the burden the financial close places on accounting and finance professionals. For more information, please visit www.blackline.com.
Director of Corporate Communications