LOS ANGELES – Feb. 25, 2014 – Financial software company BlackLine Systems and enterprise application software leader SAP AG (NYSE: SAP) hosted a webinar last week to show how global organizations can close their books with confidence using the BlackLine Financial Close Suite for SAP® Solutions.
The webinar, which attracted more than 400 finance, accounting, audit and compliance managers in midsize to large enterprises around the world, focused on how finance managers and compliance officers can further ensure the integrity of their balance sheets – and ultimately financial reports – by implementing enterprise-class financial software packages, such as BlackLine’s flagship SaaS-based offering, to automate the traditionally manual, labor-intensive and spreadsheet-driven account reconciliation process. Mark Pischke and Karen Santagata of the Accounting Services team at Kraft Foods presented a case study on the benefits of BlackLine, ease of integration with SAP solutions, and return on investment (ROI) the food & beverage company has realized since using BlackLine alongside SAP software.
Led by Mario Spanicciati, EVP of Operations and executive director of EMEA for BlackLine Systems, the webinar was designed to inform customers, whether operating in an environment of only SAP solutions or applications from multiple vendors, how account reconciliation process optimization can help them achieve a quicker and more accurate financial close process. The session demonstrated the importance of the account reconciliation process as a critical step on the path to “closing with confidence.”
Stefan Karl, chief solution expert, Finance Solutions, SAP AG, participated, as well.
Attendees heard how, by automating their account reconciliations, they can:
BlackLine is an SAP gold partner in the SAP PartnerEdge® program. The company is also a participant in SAP Store, the online e-commerce channel or “e-channel” for enterprise solutions and services from SAP and its partners, designed to provide SAP customers with information on relevant, complementary technology solutions that are certified by SAP.
Virtually eliminate spreadsheets (and the manual errors that often come with them) from their account reconciliation process
Automate traditionally manual accounting functions
Have a faster, more efficient close cycle - maintaining more control and visibility worldwide, while reducing risk
Realize exceptional ROI in a very short timeframe
Improve the accuracy and timeliness of compliance reporting
Manage compliance while servicing multiple locations
BlackLine was named a 2011 SAP Pinnacle award finalist in the “Software Solution Newcomer of the Year” category. SAP Pinnacle awards are presented annually to the “best and brightest” of the SAP partner ecosystem, recognising partners that have excelled in developing and growing their partnerships with SAP and driving customer success.
Just last quarter, the company announced that the BlackLine Financial Close Suite for SAP® Solutions has become an SAP-endorsed business solution – joining the ranks of fewer than 40 other software offerings globally.