Welcome!

News Feed Item

BlackLine Systems, SAP Host Webinar on Automating Account Reconciliations Using the BlackLine Financial Close Suite for SAP® Solutions

Finance managers discuss ease of integration with SAP solutions; benefits of BlackLine; cost-savings since using BlackLine Financial Close Suite, an SAP-endorsed business solution

LOS ANGELES, Feb. 25, 2014 /PRNewswire/ -- Financial software company BlackLine Systems  and enterprise application software leader SAP AG (NYSE: SAP)  hosted a webinar last week to show how global organizations can close their books with confidence using the BlackLine Financial Close Suite for SAP® Solutions.

(Logo: http://photos.prnewswire.com/prnh/20061117/LAF027LOGO)

The webinar, which attracted more than 400 finance, accounting, audit and compliance managers in midsize to large enterprises around the world, focused on how finance managers and compliance officers can further ensure the integrity of their balance sheets – and ultimately financial reports – by implementing enterprise-class financial software packages, such as BlackLine's flagship SaaS-based offering, to automate the traditionally manual, labor-intensive and spreadsheet-driven account reconciliation process.   Mark Pischke and Karen Santagata of the Accounting Services team at Kraft Foods presented a case study on the benefits of BlackLine, ease of integration with SAP solutions, and return on investment (ROI) the food & beverage company has realized since using BlackLine alongside SAP software.

Led by Mario Spanicciati, EVP of Operations and executive director of EMEA for BlackLine Systems, the webinar was designed to inform customers, whether operating in an environment of only SAP solutions or applications from multiple vendors, how account reconciliation process optimization can help them achieve a quicker and more accurate financial close process.  The session demonstrated the importance of the account reconciliation process as a critical step on the path to "closing with confidence." 

Stefan Karl, chief solution expert, Finance Solutions, SAP AG, participated, as well.

Attendees heard how, by automating their account reconciliations, they can:

  • Virtually eliminate spreadsheets (and the manual errors that often come with them) from their account reconciliation process
  • Automate traditionally manual accounting functions
  • Have a faster, more efficient close cycle - maintaining more control and visibility worldwide, while reducing risk
  • Realize exceptional ROI in a very short timeframe
  • Improve the accuracy and timeliness of compliance reporting
  • Manage compliance while servicing multiple locations

BlackLine is an SAP gold partner in the SAP PartnerEdge® program.  The company is also a participant in SAP Store, the online e-commerce channel or "e-channel" for enterprise solutions and services from SAP and its partners, designed to provide SAP customers with information on relevant, complementary technology solutions that are certified by SAP.

BlackLine was named a 2011 SAP Pinnacle award finalist in the "Software Solution Newcomer of the Year" category.  SAP Pinnacle awards are presented annually to the "best and brightest" of the SAP partner ecosystem, recognising partners that have excelled in developing and growing their partnerships with SAP and driving customer success.

Just last quarter, the company announced that the BlackLine Financial Close Suite for SAP® Solutions has become an SAP-endorsed business solution – joining the ranks of fewer than 40 other software offerings globally.

About BlackLine Systems
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.  With more than 85,000 users in over 100 countries, 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 financial software in a simple and secure SaaS (Software-as-a-Service) 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. 

BlackLine headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney to serve the company's growing global client base.  For more information, please visit www.blackline.com.  

SAP, PartnerEdge and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.

All other product and service names mentioned are the trademarks of their respective companies.

Media Contact:
Kimberly Uberti
Director of Corporate Communications
BlackLine Systems
[email protected]

SOURCE BlackLine Systems

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.