This monthly BlackLine update is published to keep you informed of customer success stories, upcoming events, helpful resources, best practices, and thought leadership from the leading cloud financial close solution.
In the News
Forbes: Predicting Credit Losses Calls For A Whole New Approach
After several delays, new accounting standards on credit losses are to be implemented for banks and credit unions. The new standards aim to prevent another credit crisis like the one that occurred in 2007, by allowing for more timely recognition of losses on bad loans.
For now, these new regulations only apply to banks and credit unions, but other industries should prepare their F&A teams for the possibility of implementation down the road. BlackLine CAO Patrick Villanova suggests reducing manual processing burdens and deploying an AI solution to analyze real-time activity and set up your organization for success.