BlackLine’s December Roundup

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4-minute read

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

Economist Impact: Let’s get paid

With cash ruling company’s balance sheets, efficient receivables processes have emerged as a key area of focus for finance executives heading into 2022. With many teams remaining remote global visibility and quick access to capital has become even more important.

“It is getting harder for businesses to manage their AR services using conventional paper-based systems or spreadsheets. This has become even more true during the pandemic. We are seeing many more businesses explore the benefits of AR automation,” said Kevin Kimber, managing director of global AR at BlackLine.

Identifying risk and applying artificial intelligence to mine data about payment patterns, can provide a true picture of your working capital.

Customer Story

Consero Global

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Consero Global is in the business of helping other businesses maintain their finance and accounting function. As the team grew, it became obvious they needed a platform to provide efficiency and visibility to their global team.

“If you’re using Excel, there’s a tendency to have manual human controls in place to reconcile and post entries,” says Vinay Mayya, senior manager at Consero. “With BlackLine, accounts have to be reconciled correctly. If they’re not, the system will let you know. We can see what has been completed and what hasn’t. As a result, we’ve created stronger controls and increased the quality of our reconciliations.”

Kristen Bridgeman, senior director of product at Consero adds, “If the accuracy of your accounting information and maintaining strong controls are important to you—and they should be for everyone—you will benefit from having BlackLine. BlackLine provides controls and transparency that are big advantages for any business.”

BlackLine Magazine

Manual to Modernized: A Journey from Excel to BlackLine

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Increasing and ongoing pressure remain for A&F teams to continually evolve their skillset while still performing all the necessary month-end tasks they always have.

With global organizations and distributed teams creating a visibility challenge around these activities, many growing organizations have turned to technology to modernize processes and retain top talent.

This was the case for Blackhawk Network, who worked with Riveron to bring increased efficiency to their Microsoft Dynamics ERP by adding BlackLine. They were able to increase the efficiency of their reconciliations by 80% after implementation.

Best Practices

5 Strategies for Accounting & Finance to Navigate The Great Resignation

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The workplace is changing – and retaining top talent will be a key area of focus for finance executives as we emerge from the pandemic. With 41% of employees indicating they will consider leaving their role by the end of the year, the idea that a Great Resignation is coming has gained traction.

Here are five strategies from our playbook on reimagining finance to help you turn the Great Resignation into the Great Opportunity:

  1. Embrace the Digital Hybrid Workplace

  2. Fight Digital Burnout

  3. Automate Manual Work

  4. Elevate F&A Teams

  5. Remove Period-End Stress

Webinars

ShareSpace: Raising the Bar in AR Automation Tuesday, December 7, 2021

Compliance Week: A Crash Course to Achieving a Seamless Audit Process Thursday, December 9, 2021

Proformative: Cloud-Based Finance & Accounting Solutions Meet the Challenges of Today & Tomorrow Tuesday, December 14, 2021

Finance Innovation Week - Tuesday, December 14- Thursday, December 16, 2021

Register for one or more webinars here.