Case study from global IT consulting and solutions leader to highlight best practices and benefits of automating accounting processes in a shared services environment
LONDON and LOS ANGELES – May 8, 2014 – Global IT consulting and solutions leader Unisys will be joining enterprise financial software company BlackLine Systemsfor a presentation at the 14th Annual European Shared Services and Outsourcing conference next week in Dublin. A senior finance executive from the $3.5 billion worldwide provider of mission-critical IT solutions will deliver a case study highlighting best practices and benefits of optimising 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, Accountancy/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 on Tuesday, 13 May, at 13:45 entitled “The Road to Reconciliation: Create Automated Workflow and Achieve 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.”
Joanne Gavigan, Global Process Owner, Account to Report, at Unisys, will share her 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:
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.
- 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, Audit, etc.)
- Realise 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
Unisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With approximately 23,000 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com.