SAP Financial Close Excellence Part 1: Balance Sheet Substantiation

Presented by

Molly Boyle, Finance Transformation Expert, BlackLine

About this talk

Despite recent trends toward digital transformation and a new wave of ERP technology, many accounting teams still rely on traditional, manual processes to close the books. In other words, the close is chaos with a deadline. But it doesn’t have to be. This webinar series will explore aspects of the Financial Close that are most ripe for transformation and share best practices for accounting teams. Experts from SAP and BlackLine will introduce the SAP solutions by BlackLine and highlight four common use cases for the complementary solutions: balance sheet substantiation, journal entry management, reconciling transactions, and intercompany accounting. Financial Close excellence starts with completeness and accuracy. In our first episode, we’ll cover: Why the Financial Close should be a focus in transformation efforts What substantiation involves and why it’s critical How SAP Account Reconciliation and Automation by BlackLine complements core SAP functionality to reduce risk and add visibility

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Companies come to BlackLine because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control.