Transformation of the controllership function via enhanced efficiencies that leverage finance automation technologies can enable accounting and finance leaders to focus on higher-level strategy efforts. BlackLine’s Cloud Financial Close solutions, combined with Deloitte’s Digital Controllership services, provide organizations with leading technology and an effective framework to standardize, automate, and accelerate complex financial close processes—while increasing operational performance, streamlining compliance, and improving governance—to effectively navigate the road to Digital.
The future of controllership is now
The pace of change is showing no signs of slowing down—financial accounting standards and regulatory requirements are evolving, disruptive technologies continue to emerge, and data volumes are on the rise. The impact on the controllership function is enormous. Pressured to shorten financial close processes, accelerate reporting to management and shareholders, and increase process efficiency—while providing accurate and timely financial statements—accounting and finance leaders today are also tasked with providing predictive insights to drive business strategy. Compounding these challenges, finance teams often rely on inconsistent, error-prone manual processes and data from multiple enterprise resource planning (ERP) and other systems, working overtime just to close the books.
World-class controllership functions are harnessing technology to apply process automation and standardization to account reconciliations, journal entries, and intercompany transactions in order to improve data consistency and quality, and shift talented resources to more strategic and analytical work.
Digital controllership is enabled by BlackLine’s cloud-based, financial close platform
BlackLine provides cloud financial close solutions focused on delivering Continuous Accounting, a broad-based approach centered on smoothly completing routine accounting period to period without a brute-force effort consuming many days just to close the books. Deloitte complements this solution by providing effective process and governance design and implementation services needed to effectively navigate the road to Digital.
Together, Deloitte and BlackLine enable enterprise finance organizations to:
- Accelerate financial processes while increasing confidence in financial statements and controls
- Mitigate risks associated with rework and control deficiencies
- Free up valuable finance and controllership professionals for higher value work
Start your journey to Digital today, leveraging the power of process automation, Continuous Accounting, and Digital Controllership.