LOS ANGELES – March 17, 2014 – The Dow Chemical Company (NYSE: DOW) is teaming up with financial software company BlackLine Systems and enterprise application software leader SAP AG (NYSE: SAP) to give a presentation entitled “See How Dow Closes with Confidence Using the BlackLine Financial Close Suite for SAP® Solutions” at the Financials 2014 conference this week in Orlando.
Pat Withrow, accounting director at Dow, will present a case study on the ease of integration with SAP solutions and key benefits and return on investment (ROI) the nearly $60 billion public company has realized since using BlackLine on a global basis.
The presentation with Dow is one of two that BlackLine will deliver alongside SAP during the conference.
The second, entitled “Best Practices for Streamlining the Account Reconciliation Process for a Faster Close,” will show how finance, accounting, audit and compliance executives can further ensure the integrity of their balance sheets – and ultimately financial reports – by implementing software to automate the traditionally manual, labor-intensive and spreadsheet-driven account reconciliation process. Both presentations are 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.
• Stefan Karl, chief solution expert, Finance Solutions, SAP AG
• Bob Davenport, senior implementation and application consultant, BlackLine Systems
• Pat Withrow, accounting director, The Dow Chemical Company
Attendees will leave each session with insight into how, by automating their account reconciliations, they can:
• 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, worldwide
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.
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, recognizing partners that have excelled in developing and growing their partnerships with SAP and driving customer success.
At the end of last year, 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.
To learn more, visit BlackLine at Financials 2014 in Orlando in booth No. 125. BlackLine plans to present again with SAP on similar topics at the upcoming Financials 2014 - Europe show in Nice, France in May.
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/.