LOS ANGELES, June 18, 2012 /PRNewswire/ -- Representatives from financial software provider BlackLine Systems along with clients from MGM Resorts International, the Las Vegas Sands Corp. and Caesars Entertainment will be presenting together at the first-ever Shared Services for Hospitality conference, being held this week at the Mandalay Bay Convention Center in Las Vegas.
BlackLine Close Governance and Product Specialist Susan Parcells, CPA, will moderate a session entitled "The Road to Reconciliation: Best Practices for Achieving Balance Sheet Integrity in the Hospitality Industry." BlackLine CEO Therese Tucker also will participate alongside a shared services executive from client Four Seasons Hotels and Resorts in a second session on "The Role of Technology in Achieving Best Practices."
Smart, efficient close to report cycles create a foundation for evaluating performance, supporting business decisions and satisfying external reporting requirements. Until recently, accounting/finance departments have had to rely on spreadsheet-driven processes that often contain hidden errors, resulting in costly mistakes.
With the number of organizations in the hospitality industry moving to a shared services or outsourced environment expected 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.
The BlackLine presentation will focus on how automating traditionally manual accounting processes, such as account reconciliations, can virtually eliminate spreadsheets – and the errors/headaches that come with them – and ultimately help large hotels, resorts and casinos (which are often operating on a global basis) "achieve balance sheet integrity."
The following panelists will share their insight on how organizations operating in a shared services environment can communicate better, improve efficiencies, increase productivity and reduce bottom line costs by implementing an automated account reconciliation and financial close system:
Sheri Folks, CPA, executive director, General Accounting, Finance Shared Services Center, MGM Resorts International
Linda Shaffer, vice president, Finance Transformation, Las Vegas Sands Corp.
Max Fisher, vice president, Finance Operations, Caesars Entertainment
Attendees will leave the session with knowledge of 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 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
About BlackLine 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.
Media Contact: Kimberly Uberti Director of Corporate Communications BlackLine Systems [email protected]