Your business moves at the speed of light. Amidst increasing competition, changing customer demand, and ever-fluctuating global market forces, your company has to work hard to stay in the vanguard. Wisely, you use the most innovative technology to track your customers, manage your staff, and keep tabs on the marketplace. So why are you still using old-fashioned spreadsheets to manage your period-end close? Spreadsheet-driven close processes simply can’t communicate real-time information. And in today’s competitive landscape, real-time everything is paramount. Yesterday’s financial data might as well be last year’s. So you’re stuck making critical decisions—how to expand, whom to hire, when to go public—on news that isn’t even remotely up-to-date. Spreadsheets aren’t just old-fashioned. They’re high risk. Take one transposed number in one cell and multiple it by 10, 20, or even 100 spreadsheets. The result isn’t just an inaccurate financial statement but damage to your reputation, compliance, and stakeholder confidence. Having your accountants enter data in spreadsheets not only lowers productivity and increases errors, but also wastes valuable resources. It’s not just data entry errors that put your close process—and your entire balance sheet—at risk. Making your accountants do the close manually is unproductive, inefficient, and simply ineffective. BlackLine creates more visibility, accuracy, and efficiency in your close—at less cost. BlackLine Finance Controls and Automation platform automatically imports data from bank files, POS systems, sub-ledgers, and ERPs. Transactions are matched faster—one million per minute—yet with fewer errors, leaving accountants time to focus on analysis and discrepancies. And internal and external auditors can access records in real time, from anywhere in the world, without asking for files or waiting on emails.

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