Technology

The technology industry is known for disrupting the status quo. Your company changes the landscape of how people aggregate, organize, and use information every year, if not every month. You don’t just use high tech to get the job done: you create it. Yet while your innovations help people do more, in less time, your own accountants are stuck using last century’s technology. Making your finance team enters data manually or aggregate hundreds of spreadsheets is a waste of time—and brilliance. It’s also risky: one data-entry mistake in one cell multiplied by 100—or a 1,000—spreadsheets? A financial disaster, and maybe an IPO and shareholder one, as well. Worse, a manual close obscures what’s really going on with your balance sheet. Staying competitive in the tech industry depends on having the right data to make the right decisions. You need real-time transparency of all your financial processes, not just a sometimes-on-time report at the end of the month. BlackLine brings your period-end close into this century. 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—and with fewer errors, leaving finance teams time to focus on analysis and discrepancies. Decision makers can track and review the close process and get the big picture of the balance sheet, any time, from anywhere. Plus, internal and external auditors can access records in real time without asking for files or waiting on emails.

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