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Modern Finance demands continous process improvement

Author: Mark Eating/Monday, November 07, 2016/Categories: ERP / Financial Management, BlackLine, Financial Close

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More than 1,500 companies trust BlackLine to help create efficiencies, reduce risk, and provide visibility into financial information. These “companies” are more than that to BlackLine. They are our clients, ones we proudly serve with a commitment to deliver the solutions they ask for and the products needed to modernize their finance function. They put their trust in us, and in turn, we seek to support them wherever we can. While many BlackLine products streamline and automate financial close and accounting processes, we also developed tools to assist our clients continuously optimize and transform their finance operations, and to aid them in achieving Modern Finance.

 

Modern Finance is a journey of continuous improvement in the quality, accuracy, and efficiency of accounting operations. By embedding process standardization, automation, and continuous analysis, Modern Finance transforms the way finance and accounting teams work. While many have already shortened their close cycles by automating a myriad of accounting processes, the fast moving nature of 24/7 global business means that companies that rest on their laurels and fail to persistently modernize their accounting operations are at a competitive disadvantage. Top performing finance organizations are always adapting, innovating, and improving. BlackLine facilitates improvement projects in three ways: in-depth analysis with Enhanced Reporting, comparative benchmarking with BlackLine Insights, and product rollout and testing within a Sandbox Environment. These exist to support the unique needs of each of our clients’ journeys. BlackLine’s features for continuous process improvement give clients the tools they need to repeatedly hone processes and improve outcomes, and meet the dynamic challenges facing their business, now and into the future.

When it comes to financial close processes, visibility is imperative. Papers, binders, storage rooms, shared drives, and spreadsheets strewn across many locations are inefficient and make the close process anything but transparent.

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