Linfox to Join BlackLine Systems for Presentation at 17th Annual Australasian Shared Services & Outsourcing Week

Client case study to emphasize benefits of automating financial close processes for companies in shared services, outsourcing environments

SYDNEY and LOS ANGELES – June 5, 2014 – BlackLine Systems client company Linfox Australia will join the financial software company for a presentation at the 17th Annual Australasian Shared Services & Outsourcing Week (SSOW) being held next week in Melbourne, June 10-13.

Accounting/finance managers and compliance executives around the world use the BlackLine Financial Close Suite to automate traditionally manual, labor-intensive and spreadsheet-driven account reconciliation and financial close processes. Ann Furlong, BlackLine Systems Director of Operations for the Asia-Pacific (APAC) region, will lead a session at this year’s conference entitled Best Practices for Streamlining the Account Reconciliation Process for a Faster Close.” The session will focus on ways accountancy and finance directors can improve control and visibility surrounding the financial close process by automating traditionally manual accounting processes, such as account reconciliations. Many finance organisations today rely on spreadsheet-driven processes that can often lead to hidden errors, resulting in costly mistakes.

Ms. Furlong will be joined by David Dalton, Financial Accounting Manager at Linfox, for a client case study highlighting the benefits the supply chain leader has realised since automating critical accounting processes across 10 APAC countries with BlackLine’s flagship Financial Close Suite.

Mr. Dalton will also discuss how large companies operating in shared services and/or outsourcing environments 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 solution such as that offered by BlackLine.

Attendees will hear how they can:
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  • Implement technology to automate and accelerate the entire financial close process, increasing control and visibility across the board

  • Ensure timely, accurate and documented communications among all departments (accounting, finance, compliance, auditing, etc.)

  • Realize return-on-investment in a short timeframe

  • Improve the accuracy and timeliness of compliance reporting

  • Define responsibility and process ownership

  • Manage compliance while servicing multiple locations

The 2014 Australasian SSOWeek will welcome senior shared services and outsourcing executives for four days of intense learning, information-sharing and intimate networking sessions focused on the issues that are most important to them.