Global Chemicals Giant Momentive, Ernst & Young to Join BlackLine on Panel at 18th Annual CFO Rising Conference

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:
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.

  • 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

About BlackLine

BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralising and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize enterprises.  Designed to complement ERP and other financial systems, BlackLine’s cloud platform increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation.

BlackLine’s mission is to continuously improve the quality, accuracy and efficiency of Finance and Accounting by centralising key functions within a single, unified cloud platform. Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day activities. BlackLine helps companies modernise accounting operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close.  To date more than 2,800 companies with users in over 130 countries around the world trust BlackLine to help ensure balance sheet integrity and confidence in their financial statements.

BlackLine is recognized by Gartner as a Leader in its 2019 Magic Quadrant for Cloud Financial Close Solutions.

Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney servicing its 14 global locations.For more information, please visit https://www.blackline.com/.

MEDIA CONTACT:

Ashley Dyer
Sr. Public Relations Manager
P. 818.936.7166
E: ashley.dyer@blackline.com