More than 80 energy and natural resources organizations trust BlackLine to deliver F&A transformation across the Office of the CFO.
The energy and natural resources sector is undergoing a transformation, driven by the push for cleaner energy, regulatory changes, and the need for greater operational efficiency. Companies are rethinking their strategies to adapt to these evolving demands while maintaining profitability.
Finance and accounting teams in the sector must also evolve, facing volatility in commodity prices, complex regulatory requirements, and the shift to sustainable practices. They need technology that provides greater financial visibility, improves asset utilization, and enables more agile decision-making to support both growth and sustainability goals.
Matching and reconciling massive volumes of transactional data manually is time consuming, tedious, and error-prone, especially if managed in spreadsheets. Our platform standardizes and automates your reconciliations with the ability to ingest, transform, and match high volumes of transaction level data from multiple systems such as ERPs, inventory and retail management systems, and banks and credit card processors, reducing the risk of process breakdowns and undetected financial statement errors and enabling teams to focus their time on anomalies and exceptions.
Lack of detailed insights can be costly when making decisions. BlackLine automates and accelerates the calculation and identification of fluctuations at the desired level of precision. By gaining visibility and insights into detailed financial data, your teams can make informed decisions faster and with confidence.
The allocation of costs and related accounting across parties in a joint venture is often difficult to manage given disparate sources of transactions, allocation rules, and variety in accounting formats. BlackLine optimizes and automates this process by integrating with any ERP, standardizing data, and supporting complex allocation, taxation, and transfer pricing rules, alleviating intercompany complexities.
Companies book thousands of journal entries per month, increasing the risks related to financial compliance, audit compliance and accurate decision making. BlackLine centralizes and standardizes journal entries across various ERPs, automating workflows from creation to posting, increasing efficiency and control. With AI-driven insights, our solution enhances visibility into the volume, timing, and nature of your journal entries, minimizing risk and maximizing intelligence.
Manual management of record-to-report activities are inefficient and error-prone. Our solution centralizes, standardizes, and automates these processes, providing real-time visibility and enhanced accuracy and control, freeing up resources to focus on higher-value activities that drive growth and profitability.
Efficient cash flow management is critical to business health. Our solution optimizes credit management and automates cash application, helping your teams reduce days sales outstanding (DSO), improve working capital, and maintain strong customer relationships.