CALABASAS, Calif. Feb. 23, 2011 BlackLine Systems 15th Annual Shared Services & Outsourcing Week(TM) Tuesday, March 1 Thursday, March 3, 2011 Orlando
Smart, efficient close to report cycles create a foundation for evaluating performance, supporting business decisions and satisfying external reporting requirements. Until now, accounting/finance departments have had to rely on spreadsheet-driven processes that often contain hidden errors, resulting in costly mistakes.
With the number of companies moving to an outsourced finance function and/or shared services environment expected to increase in 2011 and beyond, 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.
At this year’s Shared Services Week conference, BlackLine Solutions Consultant Michael Redard, CPA, will lead a presentation entitled "Closing With Confidence: Ensuring an Accurate, Timely Financial Close in an Outsourced or Shared Services Environment." The BlackLine session will focus on how outsourcing the automation of traditionally manual accounting processes, such as account reconciliations, can virtually eliminate spreadsheets – and the errors/headaches that come with them.
The following panelists will share their insight on how companies operating in an outsourced or 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:
- Tammie Coley
- Glen Baker
- Frank Fenello
- Therese Tucker
Attendees will leave the session with knowledge on how they can:
- Implement technology to automate the entire financial close process, increasing control and visibility across the board
- Select the right outsourcing partner to help automate accounting processes
- 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
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.
SOURCE BlackLine Systems