REGULATORY COMPLIANCE
Adapt with confidence amidst evolving regulation.
Embed leading practices across your accounting processes to enhance controls, reduce risk, and keep up with a rapidly changing regulatory environment.
EY
70%
of CFOs feel that increasing regulatory complexity and scrutiny has had a major impact on their role.
EY
63%
of organizations consider compliance as part of their top-five challenges.
PwC
72%
of executives will increase spending on process automation and technology to support the detection of risks.
Expanding F&A roles, new expectations from stakeholders, and evolving regulatory requirements continue to place unsustainable demands on F&A functions. Yet, regulatory compliance cannot be ignored or deprioritized, as noncompliance can carry serious repercussions. Add to that increased individual accountability, and noncompliance is both a corporate and personal concern.
Moreover, accounting standards and regulations like the Sarbanes-Oxley Act (SOX), IFRS, IAS, GAAP, GLoBE, and BEPS introduce a tremendous amount of complexity and compliance risk. And with emerging topics like ESG, cybersecurity, and clawbacks, the costs of noncompliance have never been higher.
Companies can leverage technology solutions like BlackLine to embed best practices and significantly reduce risk to better maintain compliance.
Standardize Processes & Elevate Controls
Traditional compliance processes are typically manual, fragmented, siloed, and ad-hoc, leaving a lot of room for error.
BlackLine enables companies to solidify internal control systems by embedding policies and procedures into workflows. With the ability to seamlessly link controls to related risks, narratives, and projects, organizations can ensure compliance across records and processes.
Centralize Documentation & Enhance Visibility
Significant effort is required to manage initiatives across systems, business units, locations, and stakeholders.
With BlackLine, organizations can attach and store all supporting documentation and aggregate explanations in one location and report on status, incomplete items, and other KPIs with purpose-built dashboards and reports to enable real-time visibility. This gives stakeholders self-service access to tasks, projects, supporting documents, and other activities—providing a single source of truth and promoting audit efficiency.
Increase Efficiency & Realign F&A Resources
While finance and accounting roles have expanded to include more business partnership and strategy, the office of the CFO must continue to deliver complete and accurate results that are compliant with increasingly complex and changing regulations—often with pressure to do it faster and with greater transparency.
BlackLine replaces error-prone, reactive processes with a proactive, preventive approach that strengthens key controls and enables more timely business insights so your teams can focus on higher-value activities, such as maintaining regulatory compliance.
Take control of regulatory compliance.
“We already had controls in place, but most of them were maintained manually. We knew BlackLine could help us automate more of our controls.”
Learn how BlackLine helped Finning generate efficiencies and produce quality information.
Additional Resources
BlackLine Compliance: The Compliance Imperative
With BlackLine, organizations can unify risk-related initiatives and supporting information in one global cloud solution.
The Effects of the SEC Executive Compensation Clawback Rules on F&A Leaders
This ruling emphasizes just how careful public company F&A leaders must be and the level of confidence they must have in their numbers.
How to Improve Compliance in a Changing Regulatory & Revenue Landscape
As the compliance landscape becomes increasingly complex, effective internal control management is top of mind.