LONDON and LOS ANGELES – May 16, 2013 – Enterprise-class financial software provider BlackLine Systems will be speaking at the 13th Annual European Shared Services and Outsourcing Week conference next week in Prague. A senior finance executive from the world’s global logistics leader will deliver a case study highlighting best practices and benefits of optimizing the account reconciliation process in a shared services environment.
Smart, efficient close to report cycles create a foundation for evaluating performance, supporting business decisions and satisfying external reporting requirements. Until recently, accounting/finance departments have had to rely on spreadsheet-driven processes that often contain hidden errors, resulting in costly mistakes.
With the number of companies moving to a shared services environment and/or outsourced finance function (often overseas) expected to increase, it is increasingly critical that proper controls are in place. Accuracy, visibility and timeliness of the account reconciliation and financial close processes, as well as the need for real-time access to information with clear, streamlined communications between all parties involved, is more important than ever before.
At this year’s European Shared Services Week conference, BlackLine Executive Director for EMEA and EVP of Operations Mario Spanicciati will moderate a session entitled “The Road to Reconciliation: Achieving Balance Sheet Integrity.” The BlackLine presentation will focus on how automating traditionally manual accounting processes, such as account reconciliations, can virtually eliminate spreadsheets – and the errors/headaches that come with them – and ultimately help companies “achieve balance sheet integrity.”
Presenter s will share their insight on how companies operating in an outsourced or shared services environment can communicate better, improve efficiencies, increase productivity and reduce bottom line costs by implementing an automated account reconciliation and financial close system such as the BlackLine Financial Close Suite.
Attendees will leave the session with knowledge of 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 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
The Shared Services & Outsourcing Network (SSON), which puts on several conferences throughout the year, is the largest and most established community of shared services and outsourcing professionals in the world. To learn more, contact Howard Goldstein at firstname.lastname@example.org.