BlackLine Accounting Studio, Monetary Reporting Analytics, Fashionable Accounting Playbook for Money Software and Microsoft Dynamics 365 Connector to additional allow trendy accounting
LOS ANGELES, Nov. 8, 2022 /PRNewswire/ — Accounting automation software program chief BlackLine, Inc. (Nasdaq: BL) right this moment introduced a number of new improvements together with the BlackLine Accounting Studio – designed to assist Finance and Accounting (F&A) leaders remodel and modernize their operations through a single, managed surroundings that unifies all of BlackLine’s market-leading options. The brand new choices shall be featured this week at BlackLine’s annual international convention BeyondTheBlack™ 2022.
Highlights of BlackLine’s enhanced platform performance and new options embrace:
BlackLine Accounting Studio to unify, orchestrate and automate end-to-end processes
The BlackLine Accounting Studio will unify BlackLine’s current options throughout the Monetary Shut Administration, Accounts Receivable (AR) Automation and Intercompany Monetary Administration (IFM) classes, in addition to different monetary purposes and ERPs, right into a single, managed surroundings. The brand new Studio is predicted to basically change how accounting work will get completed by bringing collectively folks, processes and information and enabling organizations to unify disparate monetary information programs, orchestrate and design processes and embed automation each step alongside the way in which. With the Studio, F&A groups can optimize capability and shift focus from handbook, routine work to strategic initiatives.
The BlackLine Accounting Studio will present a devoted area for managing enterprise and regulatory necessities, gathering information inputs, designing compliant processes, incorporating stakeholder suggestions, executing plans and documenting work for reproducibility and reporting. The BlackLine Accounting Studio is designed to summary the complexity of a number of F&A programs, ERPs and information flows, enabling prospects to simply create and configure standardized course of workflows with end-to-end automation and visually observe the standing of all duties and general accounting processes. The end result shall be larger visibility, effectivity and management throughout divisions and programs.
The preliminary iteration of the Studio will deal with monetary shut processes and is slated for common availability in Q2’2023.
Monetary Reporting Analytics to management, validate and streamline monetary assertion evaluation
BlackLine’s Monetary Reporting Analytics is a brand new resolution that allows evaluation and validation of group-level monetary information with direct, real-time visibility into the native or underlying particulars. Monetary Reporting Analytics gives a centralized workspace with end-to-end transparency to make sure completeness and accuracy of consolidated fluctuation calculations. Clients will have the ability to assessment monetary statements and execute variance evaluation quicker, eradicate time wasted on handbook workflows, and redeploy sources to deal with the exceptions – changing error-prone, reactive processes with a proactive, preventative method that strengthens key controls.
Fashionable Accounting Playbook for Money Software to assist rising corporations quickly remodel accounts receivable processes
With recessionary fears, hovering power costs and rising inflation and rates of interest around the globe underscoring the significance of money move and dealing capital for companies, BlackLine is introducing a brand new version of its in style Fashionable Accounting Playbook (MAP) particularly for Money Software. BlackLine’s MAP methodology gives prescriptive steering based mostly on main practices derived from BlackLine’s expertise working with 1000’s of midsize and enterprise corporations. MAP for Money Software helps organizations remodel vital processes and obtain real-time visibility into AR with BlackLine’s Money Software and AR Intelligence options.
BlackLine Money Software intelligently applies buyer funds to invoices robotically, reaching as much as an 85% auto match fee, decreasing handbook effort, liberating up strains of credit score and permitting AR professionals to deal with managing danger and gathering money with full visibility and management. BlackLine AR Intelligence robotically analyzes buyer behaviors, gross sales developments and fee outcomes to drive choices on credit score limits, danger insurance policies, assortment methods and extra.
BlackLine’s Fashionable Accounting Playbook for Money Software combines these highly effective options with distinctive experience to information prospects by fast implementation and automation of invoice-to-cash processes in as few as 90 days, to extend effectivity, save time and cut back danger.
BlackLine Connector for Microsoft Dynamics 365 to offer enhanced connectivity and information integrity
BlackLine has launched a connector to offer Microsoft Dynamics 365 Finance and Operations prospects with confidence that their information in BlackLine’s cloud platform is full and correct with out further verification or handbook steps. The brand new connector securely transmits probably the most up-to-date data, robotically retrieving common ledger account balances and transactions and formatting the information into BlackLine’s specs for import. With BlackLine’s Microsoft Dynamics 365 Connector, accounting and finance groups can acquire higher management and visibility into the motion of knowledge from Microsoft Dynamics 365 to BlackLine, leading to enhanced information compatibility and larger accuracy.
“Organizations right this moment are working in an unpredictable and extremely aggressive financial and enterprise panorama with extra demand than ever on Finance and Accounting to deal with danger administration, management environments and the optimization of money move,” stated Marc Huffman, BlackLine’s CEO. “Handbook accounting processes are merely not sustainable or match for objective on this surroundings. With our latest resolution choices and the introduction of the BlackLine Accounting Studio, we wish to assist our prospects basically change the way in which accounting work will get completed. With modernized F&A processes, corporations will profit from improved working capital, larger information integrity, diminished danger, and enhanced visibility and management, which we imagine will go away them in a far stronger place to answer exterior challenges.”
BeyondTheBlack is BlackLine’s annual convention that for 14 years has introduced collectively a world group centered on innovation and management in F&A. The brand new options and performance unveiled at BeyondTheBlack 2022 observe the current introductions of BlackLine’s AR Intelligence Buyer Attractiveness Scoring and Tax Hyperautomation for IFM capabilities which additionally shall be featured on the occasion.
BeyondTheBlack 2022 is happening now (Monday to Wednesday, Nov. 7th to 9th) on the Bellagio Resort in Las Vegas. A complimentary livestream is on the market that includes keynotes and choose panel classes. For extra data or to register to attend in particular person or just about, go right here.
Firms come to BlackLine (Nasdaq: BL) as a result of their conventional handbook accounting processes usually are not sustainable. BlackLine’s cloud-based monetary operations administration platform and market-leading customer support assist corporations transfer to trendy accounting by unifying their information and processes, automating repetitive work, and driving accountability by visibility. BlackLine gives options to handle and automate monetary shut, accounts receivable and intercompany accounting processes, serving to massive enterprises and midsize corporations throughout all industries do accounting work higher, quicker and with extra management.
Greater than 4,000 prospects belief BlackLine to assist them shut quicker with full and correct outcomes. The corporate is the pioneer of the cloud monetary shut market and acknowledged because the chief by prospects at main end-user assessment websites together with G2 and TrustRadius. BlackLine is a world firm with operations in main enterprise facilities around the globe together with Los Angeles, New York, the San Francisco Bay space, London, Paris, Frankfurt, Tokyo, Singapore and Sydney. For extra data, please go to blackline.com.
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