Name: Close Faster by Optimizing Your Journal Entry Process
Start: 2021-06-30T07:30:00Z
End: 2021-06-30T07:31:03.000Z
Location: BrightTALK

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.

It’s been a wild year! We’ve seen crypto’s rollercoaster, rising rates, banking drama, the AI revolution, and so much more. We may not have a crystal ball, but our roles in finance and accounting continue to evolve to support business strategy.

Join Jim Tilk and Dominick Fatibene from BlackLine as they dissect the evolution of finance and accounting and identify leading accounting trends, including generative AI and global minimum tax. They’ll share predictions on what you can expect in finance and accounting in 2024.

After this webinar, you will be able to:

•Understand the growing complexities driving strategic change in the office of the CFO

•Discover the key trends we know of today coming to finance and accounting in 2024

•Learn how to incorporate leading technology to streamline accounting and empower the workforce of tomorrow

New Year, New Trends. 2024 Predictions for Finance & Accounting

Global minimum tax (GMT) is making headlines for multinational organizations. Recently, several major tax reforms were passed that impact these businesses, including BEAT (Base Erosion Tax), The Inflation Reduction Act (a new 15% corporate alternative minimum tax) and Pillar 2 of the GLoBE rules (Global Anti-Base Erosion – a global 15% minimum tax). These regulations have put a spotlight on multinationals to refine global processes and increase granularity, transparency, and efficiency. This “call for clarity” has led to changes in policies and processes, such as transfer pricing, where audit defense is top of mind and intercompany plays an integral role. Companies striving to reduce risk, lower the financial impact of non-compliance, and improve productivity, need to redefine their intercompany operations. But how?

Download or watch the presentation to learn:  

- Recent updates to BEAT, IRA, and GLoBE
- Key developments that led to these regulations and the impact to multinational accounting processes, including intercompany
- How sound Intercompany processes can provide transparency, granularity, and reduce risk to help your organizations bottom line

Next Stop, 15%: Global Minimum Taxes and the Intercompany Impact

No-brainer: a quick and easy decision that produces significant results with minimal effort

We can all think of no-brainer examples in our everyday life. A paper map versus GPS is just one example. Want to learn how to make a choice that really is simple—almost as if there was no alternative? 

Automating your accounts receivable process is the easiest decision to make. Cash is king, and as the world continues through more turbulent and challenging times, it’s never been more important to be able to accurately forecast future cash flow and fully optimize your working capital. 

Join this webinar where we share real examples of how automating your cash application processes will be the easiest decision you ever make.   

Join us as we cover:

Our top 5 no-brainer cash application use cases

Understanding how to uncover decision intelligence and enable more accurate forecasting and greater cash flow insight quicker than before

What is moving the needle in optimizing working capital and the role AR automation plays.

Cash Application & AR Intelligence—It’s a No-Brainer!

Discover how a cost rationalization exercise in the treasury department at The Chef's Warehouse led to the implementation of a new cash app technology that improved migration processes, achieved a "fantastic" ROI and impressive KPIs, streamlined AR setup, improved talent retention and has been a "game changer" for productivity and capacity creation.

Cash App Tool = Productivity Game Changer

The supply chain is a crucial part of day-to-day businesses, but with continued pressures brought on by lingering impacts of the pandemic and the recent decision by the IASB (International Accounting Standards Board) to fast-track the effective date for new mandatory disclosures on supplier finance arrangements, many businesses are feeling the squeeze to satisfy customers while maintaining working capital.

In light of these events, businesses are fending for themselves by looking internally to fulfill demand. As a result, intercompany has grown in importance—and complexity.

Join us for part two of our Transforming Intercompany series as we discuss current supply-chain challenges, how Intercompany Financial Management can help multinationals gain control and clarity over their intercompany processes, and how your organization can unlock working capital as a result.

We’ll also cover:

How business are responding to recent developments related to supply chain

Ways Intercompany Financial Management helps centralize processes and provide transparency across operations and the finance function

How BlackLine can help your organization take control over intercompany processes to realize working capital improvements

Transforming Intercompany: Supply Chain Spectacle

Are you tired of watching your working capital get tied up in slow-paying accounts receivable? Are you looking for a way to reduce aged debt and decrease provisions to increase your organization’s profitability? Automating your accounts receivable process can be the key to unlocking the full potential of your working capital.

Join this lively panel discussion where experts will discuss what is moving the needle in optimizing working capital and the role AR automation is now playing.

You’ll learn ways to:

• Increase working capital using collection strategies based on customer type and behaviors
• Increase visibility and control over your AR portfolio
• Measure the success of collection strategies with dynamic business intelligence
• Understand how to uncover decision intelligence to enable better forecasting and cash flow insight

Unlock Working Capital: How Automation Can Free Up Cash Flow

Intercompany is a complex and challenging business process that typically is expected to just work. The problem is that it frequently doesn’t. And since total intercompany dollar volume generally is larger than actual revenue and is managed across multiple jurisdictions, the impact can be far-reaching. Reduced operational efficiency, tax leakage, and diminished statutory tax positions can cost organizations millions every year.

Watch this stellar group with over 100 years of intercompany experience and leadership, including four of the top 10 Fortune 100 companies, where we’ll explore intercompany as a growth catalyst in your organization.

You’ll learn:
• Key warning signs to look for indicating your organization faces intercompany challenges
• How your organization can streamline and improve intercompany operations across tax, finance, accounting, and global operations
• Details of a financial transformation strategy to effectively manage intercompany and what it entails

Next Stop for Financial Transformation: Intercompany Financial Management

Best-in-class organizations are streamlining and automating accounting processes with technology that complements their Microsoft ERP to increase productivity, reduce risk, and optimize capacity across their financial close. Continued business uncertainty escalates the need for Finance and Accounting to assure accurate and timely information while increasing workforce agility to meet critical business needs. 

Hear from finance technology experts on how BlackLine’s platform complements your Microsoft ERP with preconfigured integrations that transform accounting processes and fortify organizational resiliency, so accounting teams can execute their close with confidence while freeing capacity for what matters most.

Empower Accounting for Microsoft ERPs

Finance and IT leaders share a common goal of equipping their organizations with ways to work smarter and faster. Yet, many process optimization initiatives often fail to meet desired outcomes because key stakeholders are challenged with capacity constraints as their roles evolve and expand to require more strategic business support. This, in turn, places increased demand on CFO and CIO functions.   

Leading IT and finance organizations are developing joint strategies that connect finance data and processes with technology to deliver both quick wins and long-term value.

Join this webinar to hear from finance and IT leaders and learn how they are collaborating to modernize accounting operations with BlackLine. They’ll discuss ways to:
• Align business processes to functional responsibility and free valuable internal resources
• Improve digital transformation outcomes
• Enhance data quality and drive business Insights

CFO & CIO Collaboration: Partnership that Fuels Modern Accounting

Validating and analyzing financial statement line items is critical to sound financial reporting and represents a key control for many organizations. Yet, for many companies, the process is highly manual.

Corporate or reporting teams rely on spreadsheets to aggregate and calculate information and e-mails to request and collect explanations from local teams. These processes are reactive, error-prone, and limit Accounting’s ability to focus on other strategic work.

BlackLine’s newest solution, Financial Reporting Analytics, enables a centralized, transparent, and automated approach to reviewing and attesting to group-level data prior to consolidation. Join this webinar to hear from solution experts as they:

• Review challenges and costs associated with traditional financial statement validation and analysis
• Highlight ways Financial Reporting Analytics can help you save time and reduce risk by streamlining processes and providing on-demand financial statement visibility
• Share a demonstration of new BlackLine capabilities, including drill-down, certification, and flux analysis

Introducing BlackLine Financial Reporting Analytics

As organizations plan for continued supply chain disruptions, talent scarcity, and market uncertainty, accounting leaders are finding ways to innovate, automate, and scale to meet organizational demands. As a result, there will be no shortage of innovation that enables teams to modernize accounting operations.

Hear from BlackLine’s industry specialists on the top leadership priorities and transformation trends of 2023, including hyperautomation, talent upskilling, and decision intelligence.

Note: This webinar is a replay of a live webinar that offered CPE credit. Please note that this webinar replay is not eligible for CPE credit.

New Year, New Trends: 2023 Predictions for Finance & Accounting

In the beginning of the pandemic, companies struggled—but as we emerge, there is growing evidence that O2C is moving to a different and faster beat. Learn how companies are uncovering new opportunities to build resilience, improve cash flow and be a business partner to commercial teams.

Optimization of traditional back-office functions, such as accounts receivable, is at the forefront of agile finance leaders’ minds. In today’s environment, they’re actively seeking out new methods to increase working capital, obtain clearer visibility into customer behavior, and make smarter, more accurate decisions.

Join us for this 45-minute session as our expert panel discusses the future of order-to-cash processes in a changing world, and hear first-hand what companies are doing about it.

They will discuss:

• How to thrive, not just survive, in the cash crisis

• Optimization of O2C in a world of constant change

• Technology or talent – the big debate

• The impact of a permanently volatile environment on GBS/shared services and why the business model is changing

Time for disruption in O2C and move from crisis to growth

From hybrid work and cybersecurity to enabling new business models and managing new reporting requirements, finance and IT leaders have a long list of priorities placing significant demands on their departments. Added to traditional responsibilities like monthly close tasks, change requests, and maintenance, CFOs and CIOs are faced with unnecessary chaos and talent retention concerns. 

The result? The urgency for transformation is higher than ever. Organizations are investing in technology and process optimization initiatives, and CFOs are shifting their questioning from IF they should innovate to HOW and WHAT. 

Join this session to hear industry and BlackLine leaders discuss leading practices and share firsthand experiences on delivering successful finance transformation. We’ll cover topics including: 
• Why finance first is a no-regrets approach to digital transformation 
• How establishing a target data model and efficient actuals creates a foundation for success
• What top companies do differently to maximize value and optimize talent

Finance First: How A&F Can Enable Successful Transformation

Manual accounting processes are a top frustration of every accountant—the repetitive work, endless spreadsheets, and late nights at month-end.

But what’s the real cost? How can we change? What can we do in today’s distributed work environment?

In this webinar, Michael Shultz, Director of Strategic Accounting at BlackLine, will explore the costs of traditional manual accounting processes. He will discuss how you can measure the value of automating specific accounting tasks, identify the significant issues at your organization and change to be more efficient.

After this webinar, you will be able to:

·       Discover why manual accounting processes are not sustainable, especially given the work from home environment

·       Recognize the real costs of accounting beyond hard dollars, including risk, time, and employee morale

·       Identify key considerations for building a business case for transforming your accounting department

Note: This webinar is a replay of a webinar that offered CPE credit. Please note that this webinar is not eligible for CPE credit.

Unleash Your Accountants to Become Exceptional

We spend a lot of time looking backwards, trying to understand the past and how it shapes our future. When we do look forward, it’s probably only a few months ahead, because there’s so much uncertainty in the world.

But let’s take a moment to look further into the future … and what those Top Accounting Priorities will be. Recently, organisations have been compelled to implement technology faster than anticipated and adopt a more flexible work environment. You’ve probably experienced other exciting changes, too.

Join us as we discuss:
·       The biggest priorities for companies and F&A departments in 2022 and beyond
·       What exciting changes we have seen and believe will last into the future
·       Overall thoughts for the future of our profession

Top Accounting Priorities

How do the changing behaviors of customers impact revenue, cashflow, and profitability?

Accounting and finance leaders are playing an increasingly important role in driving change within their organizations. From ensuring balance sheet integrity to balance sheet optimization, CFOs and controllers are no longer relegated to tasks that are aimed at ‘keeping the lights on.’ More and more, they must be chief value extractors, driving sustainable business growth through technological innovation, improved governance, business intelligence, and investment returns.

In this webinar, discover how A&F leaders can rise to the challenge while ensuring the financial health of the organization and laying the foundation for working capital excellence.

We will discover how accounts receivable teams are:

-Impacting key financial statements positively in challenging times
-Releasing cash faster to improve operational finance and providing cash for strategic investment reducing the need for external investments
-Using a wealth of customer behavior data to improve decision making and drive performance in cash flow and forecasting, profitability, and revenue

Part 3: Top Controller Priorities: Cash, Profit and AR

More than ever, organizations rely on real-time trusted information with continuous digital controls monitoring. Journal entries are a crucial part of the month-end close, so you must know how to automate them to reduce cycle times as efficiently and correctly as possible.

Worse yet, traditional journal processes take a great deal of accounting’s time when handled in an uncoordinated, manual way and can badly skew the results in your financial statements.

In this webinar, Brandon Maciejewski, Director, Revenue Center of Excellence, Blackbaud, Inc. will discuss:

-How to identify upstream process issues that increase close cycle times
-Practical use cases to significantly reduce the number of journal entries, human involvement as well as the risk of error
-Implementing journal scorecards for relevant, timely KPIs, and benchmarking purposes

Join BlackLine experts to explore how the number of journal entries your organization books is directly correlated with the time it takes to close.

Note: this

Close Faster by Optimizing Your Journal Entry Process

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journal entry

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Close Faster by Optimizing Your Journal Entry Process

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BlackLine