June 01, 2021

BlackLine’s June Roundup

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

Strategic CFO360 Special Report: Why CFOs At Midsized Companies Are Going All In On Finance Transformation

When Eric Evans was hired to lead the finance department at manufacturer Big Ass Fans in 2018, he was tasked with increasing visibility and modernizing processes. While many midsized companies are just beginning their finance transformation journey, Evans is glad he prioritized the project several years ago.

“When I look back at the time and effort put into cleansing our data in the past and what we’re able to do now in the data warehouses with accurate information in real time, it’s night and day,” he says. “Had we not done it, we’d be in deep water. We would have never been able to answer the questions we needed to answer in time to manage the business.”

Read the full article here.

Customer Story

Aemetis

A competitive industry with thin margins prompted growing renewable fuel company Aemetis to seek out a financial close automation solution. The organization sought a tool that would bring the same level of efficiency to their internal F&A processes that their products do for their growing customer base.

 “As we were validating potential solutions, BlackLine kept coming out on top. The vendors we first considered came out on the bottom,” says Nilam Panchal, North America controller at Aemetis. “And BlackLine really worked with us regarding a cost strategy. We were able to implement BlackLine within our budget constraints.”

Read the customer story here.

BlackLine Magazine

CFOs Optimistic & Focused on Automation in 2021

Coming off of a challenging 14 months, finance chiefs are emerging from the pandemic optimistic about what lies ahead.

Shifting to more efficient and cost-effective ways to work, evaluating legacy business models, and adopting automation technology to enable a new kind of workforce are just some of the keyways finance leaders are embracing post-COVID opportunities.

Read the full article here.

Best Practices

What is Close Management Software: 3 Key Features to Look For

With lingering uncertainty and increasing pressure, F&A leaders are looking to manage the manual accounting chaos with technology. Unifying data and automating some of the most error-prone, spreadsheet-driven close tasks allows Accounting to free time up to support strategic initiatives and drive operational improvements.

Here are the top three features to look for in a close management software solution:

1.      Reduces Manual Labor & Addresses End-to-End Processes

2.      Saves Audit Time & Provides Higher Quality Assurance

3.      Measures Progress & Increases Confidence

Read the full article here.

Webinars

Finance Transformation SeriesJune 23, 2021

 

Finance Innovation Week:

EY: Evolution or Revolution? The case for finance innovation – June 15, 2021 | 8:00 am PT / 11:00 am ET

RSM: Navigating Your Digital Transformation Journey with BlackLine - June 15, 2021 | 11:00 am PT / 2:00 pm ET

SAP: Leading Practices for Cloud Business Transformation - June 16, 2021 | 8:00 am PT / 11:00 am ET

UHY: Why Automated Journal Entries Are Better. Just Ask Home Depot! - June 16, 2021 | 11:00 am PT / 2:00 pm ET

Clearsulting: Technology as a Catalyst, Not a Silver Bullet - June 17, 2021 | 8:00 am PT / 11:00 am ET

RGP: Maintaining Close Optimization Momentum with BlackLine and More - June 17, 2021 | 11:00 am PT / 2:00 pm ET

 

Register for one or more Finance Innovation Week webinars here.

Rachel Stolba

Modern Accounting