May 04, 2021

BlackLine’s May 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

CPA Practice Advisor: New BlackLine AR Intelligence Optimizes Working Capital

BlackLine, a leading accounting automation software organization, has unveiled a new offering in its portfolio: AR Intelligence. The new product enables customers to manage risk by offering real-time access to actionable financial data.

Read the full article here.

Customer Story

Pluralsight

The online education company signed on with BlackLine to implement industry-leading accounting processes back in 2015, years before the filed to go public in 2018.

BlackLine’s ability to provide a cloud-based repository for reconciliations and a standardized process for performing them enabled the organization to be IPO ready and Sarbanes Oxley compliant.

Read the full customer story here.

BlackLine Quarterly

IPO Readiness: More Than a Flip of the Switch

Are you ready for an IPO? Even if your plans to go public aren’t immediate, implementing the people, processes and technology you need to be prepared can greatly impact the success of your filing.

“Going public isn’t just a flip of the switch,” says BlackLine CAO Patrick Villanova. “It requires careful preparation. But by starting early, by implementing best accounting practices, companies can improve their efficiencies for today and be ready for tomorrow, when they may decide to hold a public offering.”

“For now, the best thing companies can do is subject themselves to SEC reporting deadlines and the rigors of SOX internal controls testing. They can then leverage these experiences to identify the gaps in people, processes, and systems and make the necessary investments, not just for today, but for two to three years down the road.”

Read the full article in our latest issue of BlackLine Quarterly.

Best Practices

3 Key Considerations Amid the Popular SPAC Trend

With strong M&A activity expected through 2021, an interesting trend has emerged – the rise in popularity of a SPAC merger. This fast-track to an IPO can be appealing, but there are three key considerations SPAC mergers must consider:

1.      Public company readiness is key.

2.      Evaluate talent gaps.

3.      Investing in technology is a differentiator.

Read the full article here.

Webinars

Setting Up Finance & Accounting for a Successful IPO – May 13, 2021

Advancing Accounting Despite Disruption – May 20, 2021

Register for one or more webinars here.

Rachel Stolba

Modern Accounting