Food and Beverage
Your business is complex. It’s not just strict regulatory requirements, ever-changing consumer demand, or even managing suppliers in tens or hundreds of locations. Your accounting is complicated, too. And having complete visibility into every financial process, in real time, is critical, especially in a business where margins are thin and competition is fierce. Yet you still don’t have the real-time picture of your period-end close. By relying on spreadsheets for reconciliations, you’re never really sure of the true integrity of your financial foundation. Which means you’re making crucial, real-time decisions on days-old—or even month-old—information. That information may not even be accurate: spreadsheets have a reputation for turning small mistakes into giant catastrophes. Worse, your spreadsheet-driven close is wasting time and people power. Making skilled accountants hand-key data is neither efficient nor scalable. With various account structures, different transfer price arrangements, and layers of consolidations to deal with, your accountants need a streamlined approach to ensure accuracy and compliance. BlackLine can improve the 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.