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Deloitte and BlackLine alliance
Helping clients accomplish financial automation for greater efficiency and risk mitigation
Deloitte, with BlackLine Inc.’s enhanced financial automation software, can help clients govern and automate financial accounting processes and streamline intercompany transactions. Automating voluminous, manual processes improves operational efficiency while reducing occurrences of costly errors and allows talent to shift to higher value activities.
- Why financial systems need to be automated and digitized
- Digital controllership is enabled by BlackLine’s cloud-based, financial software
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Why financial systems need to be automated and digitized
Today, many chief financial officers, controllers, chief accounting officers, and other financial executives feel enormous pressure to shorten their financial close process, accelerate reporting to management and shareholders, and increase process efficiency—all while delivering accurate and timely financial statements. Compounding these challenges, finance teams often rely on inconsistent, error-prone manual processes and data from multiple ERPs, and systems where rework is almost the norm.
Today’s controllership is bogged down in these manual activities, working overtime just to close the books. The journey to Digital centers on developing capabilities to perform routine work with human effort. Completing activities like account reconciliations, journal entries, and intercompany transactions can benefit tremendously from process automation…shifting talented resources to more strategic and analytical work.
Digital controllership is enabled by BlackLine’s cloud-based, financial software
BlackLine is a leading financial corporate performance management solution focused on delivering “continuous accounting,” or the ability to smoothly complete routine accounting period to period without a brute force effort consuming many days just to close the books. Deloitte complements this solution with Digital Controllership services, providing effective process and governance design and implementation needed to effectively navigate the road to Digital.
Together, Deloitte and BlackLine enable enterprise finance organizations to:
- Accelerate and de-risk financial processes while increasing confidence in financial statements and controls
- Mitigate risks associated with rework and control deficiencies
- Free-up valuable finance and controllership professionals for higher value work
Start your journey to Digital today, leveraging the power of process automation, continuous accounting, and Digital Controllership.