November 15, 2017

LIVE From InTheBlack 2017

LIVE From InTheBlack 2017 Image | BlackLine Magazine
In The Black 2017 Live Stream Image | BlackLine Magazine

The Accounting & Finance Innovation Keynotes

We are excited to announce that for the very first time, we will be live streaming select keynotes from InTheBlack. If you couldn’t make it to LA for the conference, join us from wherever you are on Thursday, November 16 from 8:00 am to 12:30 pm PST. Be sure to let your colleagues know as well!

Here’s what’s in store:

8:00-9:15 AM PT

BlackLine Founder and CEO Therese Tucker will kick off the conference, diving into how automation is affecting the future of finance with her keynote, “The Thriving Age of Automation”.

9:15-10:00 AM PT

Todd McElhatton, Chief Financial Officer, SAP North America will discuss the disruption that finance leaders are facing on all fronts, with his keynote about “The Digital Finance Revolution”.

10:00-10:15 Break

10:15-11:30 AM PT

Isaac Tucker, Vice President of Product Management, will explore the rapidly changing finance technology landscape and what it means for the people driving future innovations in Finance & Accounting.

11:30-12:30 AM PT

Therese will interview professional basketball player turned successful entrepreneur Earvin “Magic” Johnson. You don’t want to miss this one-on-one conversation on what it takes to succeed between two highly passionate entrepreneurs.

Register now to join us for this unique opportunity to be to be inspired, challenged, and equipped to become the catalyst your organization needs.

The X Factor - Presented by UHY Image | BlackLine Magazine

The X Factor - Presented by UHY

"The secret of getting ahead is getting started. The secret of getting started is breaking your complex, overwhelming tasks into small, manageable tasks, and then starting on the first one." - Mark Twain.

Change happens. But how do we absorb change in a way that drives continuous improvement? How do we handle it when things don't go the way we expect? And are we preparing our organizations well for change?

During UHY Advisor's session today, they broke down the cycle of change:

·       Employees want to do a good job

·       A change event happens

·       This leads to sub-optimal processes with a "fix it later" mentality

·       This becomes the normal routine: "The way we've always done it!"

This cycle is what it looks like without an environment of continuous improvement, and why instilling this mindset is essential.

Here are UHY’s five steps to create your culture of continuous improvement:

1.     Determine what measures really matter for your organization.

2.     Design your metrics.

  1. Empower your employees and give them a sense of ownership for what they do through decision-making.

4.     Publish results consistently and often.

5.     Communicate with your employees.

Above all, a people-focused approach is key. Communicate the impact of change early and often. Don't be afraid to tell your team what the change means for them, and if you don't know, be honest about that as well so they don't fill in the gaps with worst case scenarios.

UHY drove home the importance of empowering your employees. The ideas they can bring to the table are invaluable, and working together to actively solve problems is far more effective than problem solving in silos. Be sure to celebrate the successes of your team. It’s amazing what a little recognition will do.

How to Manage the Intercompany Mess Image | BlackLine Magazine

How to Manage the Intercompany Mess

Intercompany accounting has become known as the mess under the bed. It's manual, it's painful, and there has to be a better way.

In a poll during this afternoon's session, attendees listed their top 3 challenges:

  • Manual and inconsistent processes
  • Disparate software systems
  • Netting and settlement

They also identified intercompany trade and allocations as the type of intercompany transaction that is most problematic.

The cost of compliance is increasing, and new regulations are changing the game. It's time to proactively clean up the mess

This is why BlackLine built the Intercompany Hub, and it is transforming intercompany accounting for leading organizations around the world. Wondering exactly what this looks like?

Here are the key value drivers:

  1. Proactive control
  2. Avoids costly write-offs, restatements and penalties
  3. Increased efficiency
  4. Retains talent by enabling a more strategic finance function
  5. Global visibility
  6. Improves timeliness and integrity of information for better decisions
  7. Scalable design
  8. Lowers the total cost of change and ownership
Thriving in Finance with RPA Image | BlackLine Magazine

Thriving in Finance with RPA

An important part of thriving in an era of change is embracing automation and RPA. Wondering why to automate your close?

Here are 6 good reasons:

·      Ensure all groups close the books

·      Standardize the close sequence

·      Gain clear visibility of progress

·      Show control and documentation

·      Delegate responsibility of steps

·      Reduce cost and risk

 Learn more at ITB 2017’s “Close Smarter with RPA in SAP”, visit Smart Close in the Sandbox, or find information online here.

Best Practices, Discovery & Bits Image | BlackLine Magazine

Best Practices, Discovery & Bits

Wondering about the difference?

General sessions are divided into two tracks, each one designed to provide you with the right mix of educational content, industry thought leadership, and better insight into BlackLine’s products and services.

The Best Practices track will help you hone accounting automation in your organization, showing you how to be more efficient and manage your accounting and finance processes with modern technology. BlackLine clients will take the stage and reveal how they have achieved industry-leading success with product application, implementation, adoption, and change management.

The Discovery Track will equip you to lead with innovation and thrive in an age of constant change. You will discover new products and learn how to maximize operational efficiency, optimize process, and drive exceptional accounting from BlackLine experts, partners, and clients.

BlackLine Bits are a popular series of shorter sessions that will offer a variety of topics ranging from building SOX compliance task lists to maximizing ERP data within BlackLine. Current customers and experts will guide you through unique product demos while providing best practices, tips, and tricks for getting the most out of BlackLine.

Work it With Our Workshops Image | BlackLine Magazine

Work it With Our Workshops

Are you ready to dive deep into the products that can make your teams even more productive, efficient, and effective? Advanced Training Workshops are brand new this year at InTheBlack!

We’ve designed most of this dedicated track with expert trainers to provide hands-on instruction and in-application experience, including: 

  • ·       Advanced Reconciliations: Check Yourself Before You “Rec” Yourself!
  • ·       Game, Match Sets: Winning at Journal Entries with BlackLine
  • ·       Tick & Tying: Meet your Match!
  • ·       Automate your Reconciliation Process with Matching
  • ·       Visualize Key Metrics Across the Business with Reporting
  • ·       Tasks: From Payroll to PBC, More than Month-End Checklists
  • ·       What the Flux to Fluxtastic!

With 10 unique course offerings, each lasting 1-2 hours and repeated a total of 30 times during the conference, you can learn everything you want to know about BlackLine products while earning up to 14 CPE credits.

In The Black 2017 Image | BlackLine Magazine

Stay On the Pulse of InTheBlack 2017

It’s finally here. InTheBlack begins today, and we are so excited to see you at the afternoon Bits and Advanced Training Workshops.

With 170+ sessions over four days, we know that you can’t possibly attend them all―so we’ll be live blogging many of them to give you the key takeaways.

We’ll also keep you on the pulse of the conference with announcements, updates, and details about our evening events, right here on the BlackLine blog.

Join us here throughout the conference, and let your colleagues back in the office know as well, so they can learn right along with you. We’ll see you soon!

Shannon Maynard,

Modern Accounting