LONDON and LOS ANGELES, Feb. 7, 2013 /PRNewswire/ -- Financial close software leader BlackLine Systems will be presenting next week at the SSON (Shared Services & Outsourcing Network) Finance Transformation & CFO Forum 2013 in London. BlackLine Systems will be joined by Thomson Reuters for a client case study highlighting best practices and benefits of automating critical accounting processes.
Finance departments today are facing unprecedented challenges, not only due to external pressures, the global and local economy, and ever-rising competitive pressures, but also internally from legacy technologies no longer serving the same level of effectiveness. Finance transformation project leaders also are facing a growing challenge – to do more with less: less time for planning, as well as smaller teams and budgets. As companies put their focus on costs and value, while continuing to worry about economic uncertainty and risk, SSON Finance Transformation & CFO Forum 2013 will help them navigate the unknown with the best tools possible to achieve tangible results.
Mario Spanicciati, BlackLine Systems EVP of operations and head of the company's London office, will lead a session at this year's conference entitled "The Road to Reconciliation: Best Practices for Achieving Balance Sheet Integrity." Bob Abercrombie, director of financial systems for Thomson Reuters, a BlackLine client, will share his insight on how companies operating in an outsourced or shared services environment can communicate better, improve efficiencies, increase productivity, reduce bottom line costs and ultimately 'achieve balance sheet integrity' by implementing best practices such as automating traditionally manual account reconciliation and financial close processes.
With the number of companies moving to shared services and/or outsourced finance environments (often overseas) continuing to increase, it is increasingly critical that proper controls are in place. Accuracy, visibility and timeliness of the account reconciliation and financial close processes, as well as the need for real-time access to information with clear, streamlined communications between all parties involved, is more important than ever before.
Session attendees will leave with insight into how they can:
- Implement technology to gain visibility into and control over the status, progress, exceptions and risk points around the financial close
- Use standardized templates to help improve the quality of reconciliations
- Create automated workflow to ensure financial close tasks are assigned, prepared and reviewed by the right person at the right time
- Query real-time dashboards and reports to gain insight into the status of reconciliations
- Set up and use an online document repository to store and protect all supporting documents associated with reconciliations
- Improve the accuracy and timeliness of compliance reporting
- Manage compliance while servicing multiple locations, worldwide
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The Shared Services & Outsourcing Network (SSON), which puts on several conferences throughout the year, is the largest and most established community of shared services and outsourcing professionals in the world.
About BlackLine Systems
BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution. An experienced provider of software to companies from the Fortune 100 to beyond the Fortune 1,000, BlackLine provides quick-to-implement, scalable and easy-to-use applications that automate the entire financial close process to help improve financial controls for companies of all sizes. BlackLine software applications complement existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
BlackLine offers clients its enterprise-class software in a simple and secure OnDemand/SaaS platform. With a proven track record and a commitment to customer success, BlackLine seeks to reduce the burden the financial close places on accounting and finance professionals.
BlackLine headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, New York City and Sydney to serve the company's growing global client base. For more information, please visit www.blackline.com.
Director of Corporate Communications
SOURCE BlackLine Systems