MGM Resorts Shares the Transformation of its Finance Shared Services Center at Hackett Group
Sr.finance executive takes attendees through MGM Resorts’ journey, including using the BlackLine ‘Modern Finance’ cloud platform to improve controls and automate key processes across Finance & Accounting
LOS ANGELES – April 30, 2015 – The head of MGM Resorts International’s Finance Shared Services Center spoke yesterday at The Hackett Group’s 2015 Best Practices Conference, sharing MGM Resorts’ journey over the past several years to optimize its financial operations. The plenary session focused on best practices implemented during the transformation including leveraging technology, such as a unified cloud platform from BlackLine, to improve controls, reduce risk and automate key processes across MGM Resorts’ entire finance and accounting organization.
The finance organization pioneered the use of shared services at MGM Resorts nearly 10 years ago. Since then, the MGM Resorts Finance Shared Services Center has reinvented its service delivery model, expanded its portfolio of services, deployed new technologies and retooled its skills and talent making it a more agile, productive and efficient organization. The learnings from its shared services experiences have since been applied to other functional and business units across the company. In this session, Kelly Litster, Sr. Vice President for the MGM Resorts Finance Shared Services Center, shared pros and cons of various transformation approaches, lessons learned and MGM Resorts’ vision for Finance & Accounting in the future.
The Hackett Group program is built on case studies of top-performing companies and examines how world-class organizations reduce costs and create added value. The conference showcases the experiences of senior business executives in finance, human resources, information technology, procurement, supply chain and global business services, as well as insight from The Hackett Group’s more than 11,000 benchmarking engagements.
This year’s conference was held at the esteemed Peninsula Hotel in Chicago.
BlackLine is the leader in Enhanced Finance Controls and Automation (EFCA) software and the only provider that offers a unified cloud platform supporting the entire close-to-disclose process. The BlackLine Finance Controls and Automation Platform is designed to help midsize companies and large enterprises strengthen controls, lower compliance risks and gain greater efficiencies and visibility. Delivered through a scalable and highly secure cloud model and built from a single code base, the platform supports many key accounting and financial processes including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle.
More than 100,000 users across 1,000 global companies in over 100 countries currently leverage BlackLine to increase accountant productivity and elevate controls and compliance functions to ‘Modern Finance’ status, with customers comprising more than 25 of the Fortune 100 and over 100 of the Fortune 500.
BlackLine complements existing enterprise systems for Corporate Performance Management, Governance Risk and Compliance and Enterprise Resource Planning. The BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution, joining the ranks of fewer than 40 other software offerings. BlackLine also is an SAP Gold Partner, Oracle Gold Partner, and participates in the partner programs of NetSuite and several other ERP providers.
BlackLine global headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City, Paris and Sydney. For more information, please visit www.blackline.com.