February 01, 2021

BlackLine's February Roundup

BLACKLINE’S FEBRUARY ROUNDUP Image | BlackLine Magazine

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

Enterprise Times: BlackLine Promotes Mark Woodhams to CRO

After serving several years as BlackLine’s SVP of Global Sales, Mark Woodhams has been promoted to Chief Revenue Officer, overseeing the global sales and partner channels. Prior to joining the BlackLine team, Mark worked at Oracle NetSuite.

Read the full article

Customer Story

MedComp Sciences

DNA and toxicology testing service MedComp Sciences has expanded to offer services in 23 states since its beginning in 2012. A long and laborious close brought MedComp to BlackLine.

Since adopting BlackLine’s platform, MedComp Sciences has reduced their time to close from 30 days to five and reduced annual audits by over two weeks.

Read their success story

BlackLine Magazine

Making the Most of Process Automation

Making the Most of Process Automation Image | BlackLine Magazine

In an ideal world, accounting teams have the time to challenge the work they’re doing, rather than having to work as fast as they can to get it done. It’s time to make this a reality for your F&A organization by making the move to modern accounting by automating your most manual processes.

Automation frees your people to focus on the strategic, value-adding work, instead of spending their time compiling and putting it all together.

Read the full article

Best Practices

3 Reasons You’re Stuck on Spreadsheets

3 Reasons You’re Stuck on Spreadsheets Image | BlackLine Magazine

BlackLine partnered with Capstone Insights to quantify how pervasive spreadsheet use was last year and explore why relying on manual processes is a hard habit to break. Here are three reasons F&A teams get stuck on spreadsheets:

  1. Rapid Growth – Mergers, acquisitions and more can introduce disparate systems, causing visibility issues requiring spreadsheets to track more spreadsheets!
  2. Inertia – Your team may already be deeply entrenched in legacy, manual processes, and resist change and technology adoption.
  3. Fear – Change is hard and justifying the ROI and cost of new technology can be a barrier to adopting automation.

The good news is that BlackLine has proven $2.67 ROI for every dollar spent and guided 60-90-day implementations.

Read the full article

Webinars

BlackLine industry experts cover a variety of topics related to finance and accounting automation, technology, and thought leadership. Many webinars are CPE/CPD credited. Check individual registration pages for details.

Compliance Week: Advancing the Audit Despite Disruption – February 11, 2021

Valentine’s Day: Transaction Matchmaking with BlackLine & RGP – February 11, 2021

Register here

Rachel Stolba

Modern Accounting