A New Six Solution Finance Automation Platform has been Launched by Backline

Sunday, November 30, 2014 Print Email

In order to assist organizations streamline and automate a number of financial and accounting processes which are core, the latest cloud-solution has been launched by BlackLine. The Automation platform and Finance Controls automates several processes via a package that is tightly integrated. The package has got six solutions which users may add as and when they require them. They include; the Blackline Transaction Matching, the Blackline Account Reconciliations, the Blackline Task Management, the Blackline Variance analysis, the Blackline Journal Entry and the Blackline Consolidation Integrity Manager.

A cloud-based infrastructure is the platform’s core which serves as a safe foundation for an organization’s business rules that are centralized. They deal with the analytics, security, workflow, dashboards and reporting, data integration and document management. The company said that it put together all the ERP systems and is also complemented by other solutions. This also entails the close management of the financial flagship.

The Automation platform and Blackline’s new Finance Controls is predicated on our exceptional concept of the modernized finance. This is the latest approach to financial automation that is intended to assist finance professionals and accountants to work more efficiently and smarter. This was said by Therese Tucker, the Blackline CEO. Most of the international best-run organizations are experiencing benefits of risk reduction and first hand efficiencies in the automation of financial and key accounting processes.

In these organizations, the movement of the ‘Modern Finance’ is quickly becoming a differentiator that is very competitive. It leverages the advanced cloud horsepower, risk mitigation, automated analytics and deep reporting technologies in liberating accountants from the routine, repetitive labors naturally born in their work. This happens when the CFO is being enabled to execute on the agenda of enterprise performance.

The Blackline Intercompany Hub was also announced by the company. This is a cloud-based solution for automating and managing the accounting of intercompany transactions, settlement and reconciliation. By supporting a single process in netting, reconciling and settling transactions of inter company in real time; it serves as a clearing house for intercompany transactions.

Source: ReadyRatios

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