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The Journey of NS to Digital Finance Transformation

In 2017, NS started its finance transformation journey, a company-wide program designed to optimise financial operations, decrease costs, improve controls, reduce risk and automate key processes across the organisation.

Using a tool to automate and standardise the accounts reconciliation and month-end closing processes guaranteed NS the ability to deliver high-quality and accurate reconciliations and efficient, uniform month-end closing. Most importantly, it allowed NS to automate continuous control monitoring, and provided unprecedented visibility into accounting processes from a unified workspace.

Stan Jilesen, Finance Process Expert at NS and Fabrice, Account Director at BlackLine, will discuss in depth how to:

-Unify finance systems efficiently
-Attain best-in-class accounts reconciliation processes
-Achieve efficient month-end closing
-Enable continuous control monitoring
Recorded Apr 8 2021 60 mins
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Presented by
Stan Jilesen, Finance Process Expert, NS; Fabrice, Account Director; BlackLine
Presentation preview: The Journey of NS to Digital Finance Transformation

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  • Advancing the Audit Despite Disruption Jun 11 2021 2:00 pm UTC 58 mins
    Sonia Chu, Sr. Finance Transformation Specialist, BlackLine
    There’s no question that F&A teams have been disrupted by the ongoing pandemic. In fact, nearly half of respondents in a recent survey said that closing virtually with a distributed workforce impacts the audit and other third-party engagements.

    How companies are closing the books and conducting the year-end audit has changed, along with where accounting and audit teams are performing these tasks. So, how can organizations continue to operate effectively despite disruption?

    Join us as we explore how to structure your team and processes so they can securely function from anywhere, from period-end to audit.
    After this webinar, you will be able to:

    -See how the pandemic has permanently disrupted accounting and audit
    -Apply three methods that will empower remote accounting and audit teams to operate effectively
    -Identify ten ways to run more efficiently virtually, today and into the future
  • Virtualizing Audit: Ground Rules for Ensuring SOX Compliance From Anywhere Jun 7 2021 10:15 am UTC 57 mins
    Sonia Chu, Finance Transformation Specialist BlackLine & Michael Shulzt, Director of Finance Transformation BlackLine
    The ramifications of the current crisis will long outlast it—including how companies will close the books and ensure SOX compliance, and where accounting and audit staff who perform these tasks will be located.

    Join us as we explore how to redesign your operating model so that it can securely function from anywhere, from period-end to audit.

    After this webinar, you will be able to:

    Determine how to achieve simplified SOX compliance
    Apply three methods that will empower remote accounting and audit teams to operate virtually
    Recognize ways to mitigate work-from-home (WFH) cybersecurity risks
  • Best Practices for Enabling a Remote Audit with Technology Jun 4 2021 3:00 pm UTC 61 mins
    Stephen Arietta, Vice President, Internal Audit, BlackLine; Molly Boyle, Director, Solutions Marketing, BlackLine
    Although company management and auditors may not see eye to eye on everything, they can agree that teams must find new ways to effectively work together during the COVID-19 crisis.

    Moving to a remote audit can present seemingly unsurmountable challenges, such as tracking PBC requests and status or providing and obtaining supporting documentation. But remote work doesn’t have to hinder your productivity.

    Organizations that enable a technology-driven close and audit processes gain more streamlined collaboration, even with a distributed and virtual workforce.

    Join industry experts to hear best practices for transforming the financial close and audit processes with technology, including how to:

    •Increase transparency and improve client-auditor relationships
    •Streamline key audit processes, including PBC management
    •Adapt to a remote audit with added visibility
  • BlackLine - Understanding Risks and Compliance Jun 2 2021 10:30 am UTC 57 mins
    Michael Shultz, Director of Finance Transformation
    Are you keeping up with your organization’s evolving risk landscape, or are those risks keeping you up at night?

    Fraud and restatements are happening every day, and it’s important to recognize that your company is consistently exposed to risk. Change is constant, and the stakes are high.

    Leveraging technology enables your organization to reduce its overall risk profile and strengthen the control environment by automating repetitive tasks, limiting or eliminating data entry errors, and adding workflow visibility.

    After this session, attendees will be able to:

    Recognize risk as a factor that consistently impacts all organizations, whether they are experiencing rapid growth, becoming more complex, resisting change, or continuously improving
    Identify common practices and processes that can expose organizations to fraud
    Review opportunities to leverage technology to reduce risk, challenge current processes, and better utilize and engage your accounting and finance team
  • CAO Rising: How the Chief Accounting Officer role is evolving May 28 2021 3:00 pm UTC 60 mins
    Michael Shultz, Director, Strategic Accounting; Ralph Canter Managing Director, KPMG
    The role of the chief accounting officer is expanding beyond the bounds of accounting operations. CAOs are being entrusted with critical projects and working as strategic partners with the business.

    It’s a golden opportunity to take CAO careers to new heights and help the company operate more efficiently—but it will require new management skills and capabilities, particularly in digital systems.

    View this discussion with KPMG and BlackLine to learn:

    · Why CAOs are taking on transformational work and partnering with the business

    · Ways to make the accounting function more efficient

    · The right moves for CAOs now

    This webinar aired previously, during which CPE credit was issued for live attendance only. CPE credit will not be issued for this webinar.
  • Making the Move to Modern Intercompany Accounting May 26 2021 9:00 am UTC 59 mins
    Chad Soltman, General Manager, Intercompany Hub; Katie Thayer, Senior Value Architect, Intercompany Accounting, BlackLine
    Modernizing intercompany accounting can have a tremendous impact on an organization, but alignment is key to success. That’s because for many global organizations, intercompany processes are a challenge, often driven by complex regulations and local reporting requirements. At the same time, underlying activities also are heavily dependent on manual effort and require significant cross-functional finance and accounting collaboration.

    Join us as Chad Soltman and Katie Thayer, of BlackLine, discuss steps your organization can take to improve intercompany accounting processes and, as a result, reduce risk and cost while gaining productivity.

    Learning Objectives

    After this webinar, you will be able to:

    -Explain why manual intercompany accounting processes are not sustainable.
    -Discuss why your enterprise resource planning (ERP) system isn't designed to handle intercompany accounting.
    -Recognize the complex challenges of intercompany processes.
    -Identify key value drivers of intercompany accounting processes, including cost savings, productivity gains, and risk reduction.
    -Discover top intercompany use cases for technology to address.

    Please note: This webinar aired previously, for which CPE credit was issued for live attendance only. CPE credit will not be issued for this webinar.
  • BlackLine Cash Application: People v Process - stories from the front line May 19 2021 3:15 pm UTC 30 mins
    Brian Morgan, Product Marketing Director
    Too many organizations have good people working hard and providing “workarounds” for poor processes to make sure the “job gets done.”

    Join this session to explore:
    - How intelligent automation is helping organizations overcome common F&A challenges
    - How to make processes more effective and efficient
    - How to improve customer experience and drive greater value for stakeholders
    - Some real-world use cases that can be applied within your organization
    - How to reshape the future of your finance function today.
  • EMEA Webinar: Process Excellence for Today – a Catalyst for Shared Services May 18 2021 9:00 am UTC 57 mins
    Brian Morgan, Director, Product Marketing, BlackLine
    Cash is king. Debtors are one of the largest assets on the balance sheet for most organizations. Right now, managing costs, collecting cash and minimizing risk of non-payment have never been more critical. This process is often overlooked; however, we will demonstrate how Intelligently Automated Accounts Receivable can be a catalyst for the AR and Credit teams.

    In this exciting session, you can learn from a Credit Professional why improving the Cash Application process transformed the Accounts Receivable and Credit Department. You'll also hear how doing so can results in the team delivering a significant improvement in cash and working capital, improved customer and stakeholder experience, reduction in costs and improved user experience.

    Watch this on-demand webinar and learn:

    - How to review the success of a process
    - How AR automation in Cash Application is an enabler and catalyst for debtor performance improvements
    - How to become a business partner rather than a service provider in finance, and specifically AR
  • How Finance Leaders Accelerate Receivables for the Long Term Recorded: May 12 2021 61 mins
    Siobhan Riggott, Customer-to-Cash and Global Business Services Advisor, The Hackett Group
    When companies become accustomed to operating in survival mode, as many have since spring 2020, the very act of reconciling receivables can seem like an accomplishment.

    But to support growth, finance leaders need to elevate their expectations in collecting payments from customers, and turn debtors into cash on the balance sheet. During this webinar, we'll reveal the challenges organizations continue to encounter with collecting receivables, and how finance leaders can equip their teams to overcome these challenges.

    In this session, we will discuss:
    - The risks of miscommunication and errors that can impact customer engagement and create delays in receiving payment
    - The opportunities to improve the efficiency, accuracy, and security of your company's payment processes
    - The latest advances in technology to streamline receivables and improve cash flow

    Note: This webinar aired previously; CPE credit will not be issued for this webinar.
  • Cash is King - BlackLine Cash Application Recorded: May 7 2021 30 mins
    Andy Lilley, VP Product - AR
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  • Virtualizing Audit: Ground Rules for Ensuring SOX Compliance From Anywhere Recorded: May 5 2021 57 mins
    Sonia Chu, Finance Transformation Specialist BlackLine & Michael Shulzt, Director of Finance Transformation BlackLine
    The ramifications of the current crisis will long outlast it—including how companies will close the books and ensure SOX compliance, and where accounting and audit staff who perform these tasks will be located.

    Join us as we explore how to redesign your operating model so that it can securely function from anywhere, from period-end to audit.

    After this webinar, you will be able to:

    Determine how to achieve simplified SOX compliance
    Apply three methods that will empower remote accounting and audit teams to operate virtually
    Recognize ways to mitigate work-from-home (WFH) cybersecurity risks
  • The Leading Playbook for Modernizing Finance & Accounting Recorded: Apr 28 2021 47 mins
    Mike McNamara, Senior Director of Finance and Corporate Controller, Marinus Pharmaceuticals
    Manual accounting processes are one of the biggest frustrations of every accountant—the repetitive work, endless spreadsheets, and late nights at month end.

    But what’s the real cost?

    How should organizations prioritize their digitization efforts? And how can F&A leaders accelerate the transition to a digital future in the new distributed work environment? A key to solving manual accounting challenges, and a first step in any modern accounting journey, is applying automation to redeploy teams to higher-value activities. And with a guided pathway, organizations can implement quick wins to increase efficiency, accuracy, and collaboration across F&A processes.

    Join this webinar for a discussion on the value of modernizing accounting tasks. Then hear from BlackLine customer, Marinus Pharmaceuticals, as they highlight the benefits of their investment in modern accounting.

    You will learn:

    • Why manual accounting processes are not sustainable, especially in the current environment
    • How automation and leading practices for modern accounting can be deployed quickly and effectively
    • How Marinus Pharmaceuticals adopted a true month-end close, simplified audits, and gained time for cross-training opportunities
  • BlackLine Cash Application: People v Process - stories from the front line Recorded: Apr 28 2021 30 mins
    Brian Morgan, Product Marketing Director
    Too many organizations have good people working hard and providing “workarounds” for poor processes to make sure the “job gets done.” Join this session to explore ways Intelligent Automation is helping organizations overcome common F&A challenges, so their teams are not only getting the job done, but also transforming processes to make them more effective and efficient. The results are striking—happier teams, improved customer experience, and the ability to drive greater value for stakeholders. Discover some real-world use cases that can be applied within your organization, and reshape the future of your finance function today.
  • Cash is King - BlackLine Cash Application Recorded: Apr 27 2021 30 mins
    Andy Lilley, VP Product - AR
    Get a firsthand look at how BlackLine Cash Application, powered by AI and built by finance professionals, is helping F&A teams make smarter, more accurate finance and credit decisions by transforming the invoice-to-cash cycle. By reducing the time it takes to apply cash to open invoices, organizations are realizing reductions in unapplied cash of up to 99%. You’ll also hear from a customer and learn how the solution has helped enable greater organizational agility.
  • Best Practices for Enabling a Remote Audit with Technology Recorded: Apr 14 2021 61 mins
    Stephen Arietta, Vice President, Internal Audit, BlackLine | Molly Boyle, Director, Solutions Marketing, BlackLine
    Although company management and auditors may not see eye to eye on everything, they can agree that teams must find new ways to effectively work together during the COVID-19 crisis.

    Moving to a remote audit can present seemingly unsurmountable challenges, such as tracking PBC requests and status or providing and obtaining supporting documentation. But remote work doesn’t have to hinder your productivity.

    Organizations that enable a technology-driven close and audit processes gain more streamlined collaboration, even with a distributed and virtual workforce.

    Join industry experts to hear best practices for transforming the financial close and audit processes with technology, including how to:
    - Increase transparency and improve client-auditor relationships
    - Streamline key audit processes, including PBC management
    - Adapt to a remote audit with added visibility
  • The Journey of NS to Digital Finance Transformation Recorded: Apr 8 2021 60 mins
    Stan Jilesen, Finance Process Expert, NS; Fabrice, Account Director; BlackLine
    In 2017, NS started its finance transformation journey, a company-wide program designed to optimise financial operations, decrease costs, improve controls, reduce risk and automate key processes across the organisation.

    Using a tool to automate and standardise the accounts reconciliation and month-end closing processes guaranteed NS the ability to deliver high-quality and accurate reconciliations and efficient, uniform month-end closing. Most importantly, it allowed NS to automate continuous control monitoring, and provided unprecedented visibility into accounting processes from a unified workspace.

    Stan Jilesen, Finance Process Expert at NS and Fabrice, Account Director at BlackLine, will discuss in depth how to:

    -Unify finance systems efficiently
    -Attain best-in-class accounts reconciliation processes
    -Achieve efficient month-end closing
    -Enable continuous control monitoring
  • Bose's Finance Transformation Journey Recorded: Apr 8 2021 61 mins
    Pieter de Bruijn, European Financial Controller, Bose; Raymond Steenvoorde, Account Director, BlackLine
    Join this webinar to hear from Pieter de Bruijn, European Financial Controller at Bose, who will navigate your way through their finance transformation journey, and how they achieved real-time visibility into reconciliations, strengthened process controls and governance, streamlined the monthly close in SAP, and improved data quality and accuracy with standardization.
  • The Journey of NS to Digital Finance Transformation Recorded: Apr 6 2021 59 mins
    Stan Jilesen, Finance Process Expert, NS; Fabrice, Account Director; BlackLine
    In 2017, NS started its finance transformation journey, a company-wide program designed to optimise financial operations, decrease costs, improve controls, reduce risk and automate key processes across the organisation.

    Using a tool to automate and standardise the accounts reconciliation and month-end closing processes guaranteed NS the ability to deliver high-quality and accurate reconciliations and efficient, uniform month-end closing. Most importantly, it allowed NS to automate continuous control monitoring, and provided unprecedented visibility into accounting processes from a unified workspace.

    Stan Jilesen, Finance Process Expert at NS and Fabrice, Account Director at BlackLine, will discuss in depth how to:

    -Unify finance systems efficiently
    -Attain best-in-class accounts reconciliation processes
    -Achieve efficient month-end closing
    -Enable continuous control monitoring
  • FSN 2020: The Future of Automation in the Finance Function Recorded: Apr 1 2021 31 mins
    Gary Simon, Chief Executive of FSN & Leader of the Modern Finance Forum for CFOs
    No organization remains unscathed by the COVID-19 pandemic. Even those in the least affected industries with the strongest balance sheets found that their supply chains, customers, suppliers, and employees were significantly disrupted.

    When it comes to the record-to-report process, the potential for automation is large, with 84% of survey participants saying they could “do more” to automate the process. As we approach year end, automation leaders will be well placed to timeously close the books, produce their financial statements, and satisfy demanding audit requirements.

    In this webinar, we will unveil the main highlights of their research, synthesizing the views of 530 senior finance professionals from around the world.

    You’ll take away actionable insights, including:
    - Which finance processes were hit hardest by pandemic disruption
    - The characteristics and business advantages of being an automation leader
    - Expectations for Finance and Accounting post-COVID
  • Beyond Automation: A CFO's Guide to Continuous Improvement of Finance Processes Recorded: Mar 30 2021 61 mins
    Thomas Morrow, Finance Executive Consultant
    At the start of 2021, many finance leaders have learned how to exercise extraordinary discipline as their companies deploy far-flung resources to perform routine yet essential processes such as closing the books. Finance leaders have also learned how to determine which tasks lend themselves best to automation, as well as how to apply automation to reduce the amount of time and resources finance teams require to complete these tasks.

    But although automation can accelerate the execution of tasks, it cannot fix processes that are flawed to begin with. By attending this webinar, you will learn how finance leaders can identify opportunities to improve core finance processes before automating them.

    Join us as we discuss:
    - Why reliance on automation alone reinforces rather than redresses underlying issues with finance processes
    - How recent technological developments enable finance leaders to eliminate informational silos and operational bottlenecks that undermine effective automation
    - How to apply advances in technology in conjunction with best practices in continuous improvement to determine which core finance processes are most likely to benefit from automation

    Please note: This webinar aired previously and may include CPE housekeeping. This webinar is not CPE-eligible.
Make the Move to Modern Accounting
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.

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  • Title: The Journey of NS to Digital Finance Transformation
  • Live at: Apr 8 2021 11:00 pm
  • Presented by: Stan Jilesen, Finance Process Expert, NS; Fabrice, Account Director; BlackLine
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