CALABASAS, Calif., March 3, 2011 /PRNewswire/ -- Financial close software provider BlackLine Systems will present an educational session entitled "The Road to Reconciliation: Closing with Confidence and Achieving Balance Sheet Integrity with Solutions from BlackLine and SAP" at the Financials 2011 show taking place in Las Vegas Tuesday to Friday, March 8-11, 2011. Representatives from SAP AG, Wm. Wrigley Jr. Co. (Wrigley) and KPMG will also participate.
Automation of account reconciliation processes is a critical step on the road to achieving 'balance sheet integrity' and efficient, accurate and timely financial close cycles. An optimized end-to-end financial close cycle can provide a solid foundation for evaluating business performance, supporting organizational decisions and satisfying external reporting requirements.
In the past, for account reconciliation, accounting/finance departments had to rely on spreadsheet-driven processes that often contained hidden errors, resulting in costly mistakes. The BlackLine 5.1 account reconciliation software, certified for integration with the SAP® ERP application, automates manual account reconciliation processes normally completed outside of SAP solutions.
The BlackLine educational session at Financials 2011 will show how automating the traditionally manual, labor-intensive and spreadsheet-driven account reconciliation process can help customers – whether operating in an environment of only SAP applications or multiple ERP solutions – achieve a quicker and more accurate close. Through this, customers can increase efficiencies, productivity, visibility and control, while minimizing risk and reducing bottom line costs.
The session will begin with an overview about financial close processes and approaches to account reconciliation, to be given by Stefan Karl, chief solution expert, Finance Solutions, SAP. Mark Nelson, director of global accounting at Wrigley, a subsidiary of the Mars Corp., will present a case study on the key benefits and ROI the company has experienced since using BlackLine alongside the SAP ERP Financials solution to reconcile global accounts. In addition, Hakan Aytekin, managing director of KPMG, will contribute insight based on his hands-on experience in the field.
BlackLine is an SAP software solution partner and a participant in the SAP EcoHub solution marketplace. Please visit BlackLine at http://ecohub.sdn.sap.com/irj/ecohub/solutions/AccountReconciliations.
Founded in 2001, 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. For more information, please visit www.blackline.com.
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SOURCE BlackLine Systems