BlackLine Blog

December 01, 2021

Finance Innovation Week: It’s Time for World-Class Finance

Modern Accounting
3 Minute Read

Michael Shultz

Share Article

One of the most important factors in building a world-class finance organization is time. Use it well, and you can bring unheard-of value to your organization and your entire enterprise. Use it badly, and you risk falling behind your competitors.

As we continue to navigate the challenges brought on by the COVID-19 pandemic, the pressures on Accounting and Finance are at a breaking point. There simply isn’t enough time.

So, we’ve designed December’s Finance Innovation Week to help you reimagine your traditional accounting processes and see how BlackLine’s capabilities can unlock time. And, you can earn up to six free CPE/CPD credits.

Here are all the webinars available for you to attend, along with their dates, times, and how to register.

Tuesday, December 14

We are in the age of data where all transactions are recorded electronically across multiple platforms. As organizations continue to grow their global footprint and expand in the marketplace, so does the data they gather during sales from internal and external sources alike. Join us as we discuss how mature organizations within the product and retail industries are leveraging the BlackLine Transaction Matching and Journal Entry modules to not only manage the data they have but also increase their control environment & governance while simultaneously reducing the amount of manual work for their accounting department.

Learning Objectives:

  • Understand how BlackLine Transaction Matching integrates with other BlackLine products

  • Review the main consumer / retail products use cases for transaction matching

  • Consider how transaction matching could be applied within your organization

BlackLine & Nucleus Research | Making Modern Accounting a Reality at Red Wing Shoe Company: 11:00 am PT

Struggling under the weight of a legacy accounting system that lacked standardization, controls, and the ability to scale with company growth, the finance and accounting team at Red Wing Shoe Company recognized the need to modernize their accounting processes.

Like many organizations, Red Wing experienced challenges with disconnected processes and decentralized accounting data that was inhibiting their team’s ability to gain a complete picture into the financials. Since deploying BlackLine, the company has not only been able to improve the way work is done, but they’ve also refocused their efforts on more meaningful work.

Join BlackLine in a conversation with Nucleus Research and Red Wing Shoe Company to discover how the premium quality work and safety footwear brand:

  • Achieved significant productivity gains and savings valued at over $1.2 million every year

  • Standardized workflows to facilitate and automate their finance and accounting processes

  • Saved their accounting and finance team a total of 1,500 hours each year

RGP | The Business Case Equation for Close Optimization Has Changed: 1:00 pm PT

Numerous factors have impacted how close optimization is valued.

Please join RGP as we share insights and learnings that can help companies understand and re-assess how they develop their business cases for close optimization.

Wednesday, December 15

Clearsulting | The Power of Communication: Driving Alignment at All Levels: 9:00 am PT

Great relationships at the top don’t matter if that perception isn’t evidenced at every level of your organization.

When communication breaks down—especially between IT and Finance—your goals and initiatives suffer as silos develop and data and insights aren’t shared properly.

Technology alone can’t solve this problem. Encouraging your people to embrace innovation and change helps, as does a thoughtful approach to organization-wide communication and collaboration.

Join us as we explore strategies for driving alignment at all levels, including:

  • Developing a single source of truth that’s shared with every layer of leadership

  • Using quick-hit dashboards to communicate clearly and prompt data-driven decision making

  • Establishing a liaison to coordinate across teams

  • Instituting a governance council with members from IT and Finance

SAP | SAP & BlackLine: Better Together: 11:00 am PT

Close and report quickly, smoothly, and accurately by automating the close process and eliminating error-prone manual tasks. Increase efficiency, quality, and auditability when closing your books using the SAP S/4HANA and BlackLine together.

Join this session to explore five ways BlackLine solutions help SAP customers.

SAP and BlackLine transformation experts will share insights, like how BlackLine solutions complement your SAP ERP in areas such as intercompany, balance sheet integrity and journal entry management. Understand how BlackLine is aligned to RISE with SAP to accelerate your digital transformation, and more.

Vaco | Dive Deeper Into the Finance Transformation Drive With Nissan and Their Partner Vaco: 1:00 pm PT

Take a virtual test-drive with Nissan as they share their insights into a successful and transformative journey with BlackLine.

Join Jerrad Hall, Partner and Finance Transformation thought leader at Vaco, together with Nissan North America’s Accounting and Transformation Support Leader, Seth Dedmon, as they discuss best practices, lessons learned, and key take-aways on what a successful Finance Transformation could (and should) look like.

Thursday, December 16

UHY | Logistics 101: Journals & Saia: 9:00 am PT

Journal entry fatigue is rampant in accounting and finance departments everywhere.  If your team is still manually entering journal entries, you are continually risking visibility and control.

Join us to understand how improved process workflow and automation can save your company time and ensure accuracy. Learn how one of the LTL freight companies in the U.S. took advantage of BlackLine’s Journal and Automation technology.  This solution can reduce journal entry time and reporting by more than 90%.

UHY Consulting, a trusted BlackLine partner since 2006, will show you how your organization will instantly benefit from the Journal product, giving you back valuable time to spend on strategic planning for your business. One of UHY’s dedicated BlackLine consultants, Ronni Scibetta, will be leading the conversation and conducting a demonstration on December 16th at 11:30 EST.

We hope you’ll join us for many (if not all!) of these informative and actionable sessions, and take advantage of this opportunity to earn up to seven free CPE or CPD credits.

You can register and learn more about all the live webinars here.

About the Author


Michael Shultz