ESG refers to a set of environmental, social, and governance standards. These non-financial factors are becoming increasingly important for organizations and their stakeholders, including management, investors, consumers, and employees, as a means of evaluating the company.
Regulators are also increasingly focused on driving transparency and consistency into ESG initiatives with new disclosure and other requirements that will require data quality, governance, and technology.
Realign F&A Capacity
Finance and Accounting are critical to ESG initiatives, yet many teams are spending their time on monotonous, mundane tasks that leave little time for strategic work.
BlackLine delivers capacity back to organizations by eliminating manual, repetitive tasks so accounting teams can focus their time on what matters most.
Increase Investor Trust
ESG is increasingly tied to investor decision-making. Research shows that organizations with more negative ESG incidents underperform the broader market by 2.5% to 3.5%.
BlackLine enhances governance and controls with embedded leading practices and provides a central location for managing proper policies, procedures, and end-to-end accounting activities.
Enable Paperless, Agile F&A Processes
F&A technology contributes to better, more efficient processes while significantly reducing organizations’ carbon footprint. Expenses like paper, storage, and employee and auditor travel can be eliminated or significantly reduced.
BlackLine reduces costs and enables remote work, helping reduce negative environmental impacts caused by outdated accounting, financial close, and auditing processes.