LOS ANGELES, Sept. 26, 2012 /PRNewswire/ -- Senior finance executives from BlackLine Systems clients Caesars Entertainment and MGM Resorts International will be joining the financial close software leader on a panel at the 2012 CFO Rising West Conference next week in Las Vegas. Throughout the discussion, the hospitality industry giants will emphasize the importance of automating and optimizing the account reconciliation process as a first step toward ensuring accuracy and efficiency in their financial close and reporting processes.
CFO Rising West provides a venue for accounting and finance executives, including some of the world's most powerful CFOs, to share their insights on strategies to better manage their responsibilities in a turbulent global economy and complex, constantly evolving business marketplace.
Smart, efficient close to report cycles create a foundation for evaluating performance, supporting business decisions and satisfying external reporting requirements. Until recently, finance organizations have had to rely on spreadsheet-driven processes that often contain hidden errors due to manual mistakes with formulas, often resulting in costly miscalculations.
BlackLine Close Governance and Product Specialist Susan Parcells, CPA, will moderate a panel at this year's CFO Rising West. With stakes surrounding the financial close higher today than ever, the BlackLine session will focus on ways the CFO can improve control and visibility surrounding the financial close process by automating traditionally manual accounting processes, such as account reconciliations, and virtually eliminate spreadsheets – and the errors/headaches that are associated with them.
Max Fisher, vice president of financial operations at Caesars, and Sheri Folks, executive director of general accounting for MGM Resorts, will highlight how companies can optimize their financial close and reporting processes by implementing an automated account reconciliation system such as that offered by BlackLine.
Attendees will leave the session with insight into how they can:
- Implement technology to automate the entire financial close process, increasing control and visibility across the board
- Ensure timely, accurate and documented communications between all departments (accounting, finance, compliance, auditing, etc.)
- Realize exceptional return-on-investment (ROI) in a very short timeframe
- Improve the accuracy and timeliness of compliance reporting
- Define responsibility and process ownership
- Manage compliance while servicing multiple locations
CFO Rising is part of a series of informative and educational events put on by CFO Conferences, an affiliate of the industry leading CFO Magazine. The 2012 CFO Rising West Conference will provide a glimpse into the future of finance operations, revealing what the next generation of CFOs is doing to ensure their businesses persevere through an unstable economic climate.
CFO Conferences is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
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, Portland, Ore. 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