LOS ANGELES, Aug. 24, 2015 /PRNewswire/ -- Finance controls and automation software leader BlackLine will be presenting with Thomson Reuters, the leading source of intelligent information for businesses and professionals, at the SAP® Conference for Financial Shared Services 2015 show being held this week in Miami. The presentation, to be given at 11:45 a.m. on Wednesday, Aug. 26th, is designed to show how global organizations operating in a shared services environment can optimize their account reconciliation and financial close processes using Enhanced Finance Controls and Automation (EFCA) software, such as the cloud-based BlackLine Financial Close Suite for SAP® Solutions.
Led by Bob Davenport, director of Finance Transformation and product expert for BlackLine, the presentation will focus on how finance managers and compliance officers can further ensure the integrity of their balance sheets – and ultimately financial reports – by implementing EFCA software to automate traditionally manual, labor-intensive and spreadsheet-driven account reconciliation and other financial close processes. Bob Abercrombie, CPA, director of Corporate Infrastructure & Operations for Thomson Reuters, will present a case study highlighting best practices and benefits of automating critical accounting processes using BlackLine alongside solutions from SAP.
With the number of companies moving to shared services environments (often globally) continuing to increase, it is increasingly critical for proper controls to be in place surrounding the financial close. In the session, entitled "Implementing Modern Finance in Your Shared Service Organization: a Client Perspective," Abercrombie will share his insight on how large companies operating in shared services environments can communicate better, improve efficiencies, increase productivity, reduce bottom line costs and ultimately 'close with confidence' by implementing best practices such as automating traditionally manual account reconciliation and financial close processes.
Attendees will leave the session with insight into:
- How Enhanced Financial Controls and Automation software can provide key visibility into the close
- The benefits of a cloud application for managing the entire financial close
- How technology can provide a window into the close for the entire shared services team
- How a modern finance platform helped Thomson Reuters with its entire financial close process by integrating, transforming and enriching all relevant data
BlackLine's Financial Close Suite for SAP® Solutions is a cloud-based software tool and SAP-endorsed business solution. The BlackLine suite complements the functionality inherent in the SAP ERP Financials and SAP Simple Finance solutions, bringing enhanced control and automation to finance and accounting departments worldwide. Alongside SAP Simple Finance, which is powered by the SAP HANA® platform, the BlackLine suite provides strategic value with visibility across the finance organization – all via a personalized and simple user experience.
The BlackLine Financial Close Suite for SAP® Solutions joins the ranks of fewer than 40 other SAP-endorsed business solutions globally. BlackLine is an SAP gold partner in the SAP PartnerEdge®program and a participant in SAP Store, the online destination to discover and buy solutions and services from SAP and partners, including business analytics, mobile apps and cloud solutions.
BlackLine was named an SAP Pinnacle award 2011 finalist in the "Software Solution Newcomer of the Year" category. SAP Pinnacle awards are presented annually to the "best and brightest" of the SAP partner ecosystem, recognizing partners that have excelled in developing and growing their partnerships with SAP and driving customer success.
Abercrombie also recently spoke alongside BlackLine at the International SAP Conference for Financial Shared Services in Vienna.
BlackLine is a leading provider of Enhanced Finance Controls and Automation (EFCA) software and the only one that offers a unified cloud platform supporting the entire close-to-disclose process. The BlackLine Finance Controls and Automation Platform is designed to help midsize companies and large enterprises strengthen controls, lower compliance risks and gain greater efficiencies and visibility. Delivered through a scalable and highly secure cloud model and built from a single code base, the platform supports many key accounting and financial processes including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle.
More than 110,000 users across 1,100 global companies in over 100 countries currently leverage BlackLine to increase accountant productivity and elevate controls and compliance functions to 'Modern Finance' status, with customers comprising more than 25 of the Fortune 100 and over 100 of the Fortune 500.
BlackLine complements existing enterprise systems for Corporate Performance Management, Governance Risk and Compliance and Enterprise Resource Planning. The BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution, joining the ranks of fewer than 40 other software offerings. BlackLine also is an SAP Gold Partner, Oracle Gold Partner, and participates in the partner programs of NetSuite and several other ERP providers.
BlackLine global headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City, Paris, Sydney and Vancouver. For more information, please visit www.blackline.com.