TMCnet News
BlackLine Delivers Industry's First Live Cloud Benchmarking KPIs Tailored to Improve the Efficiency and Performance of Finance & AccountingLOS ANGELES, LONDON and SYDNEY, Nov. 17, 2015 /PRNewswire/ -- BlackLine, a leading provider of finance controls and automation software, today announced BlackLine Insights, the industry's first cloud analytics software designed to give CFOs, controllers and accountants the real-time data needed to benchmark, analyze and improve the efficiency and performance of mission-critical Finance & Accounting (F&A) processes. Unlike benchmark data based on surveys, BlackLine Insights delivers real-time results utilizing live, aggregated and anonymized cloud data collected from BlackLine customers. With Insights, F&A leaders can now fine-tune their processes by measuring performance against best-practice industry benchmarks, and continuously improve organizational performance against industry and corporate goals. BlackLine Insights is available immediately. Click here for more information. "Many CFOs lack visibility into much of the information they need to assess and improve the performance of the Finance function and its impact on overall business performance," said Therese Tucker, BlackLine CEO and founder. "Very simply, if an organization wants its business to grow or improve, it must benchmark against measured KPIs. Insights gives CFOs the actionable intelligence they need in order to make informed decisions about resources, spend and process improement." The initial BlackLine Insight KPIs (Key Performance Indicators) measure a number of core accounting activities tied to the financial close, such as account reconciliations. With Insights, Finance & Accounting professionals, from staff accountants to senior executives, can measure activities such as the average number of assignments per user, average assignment rejection rate, average number of completed assignments and average number of days to completion for selected assignment. Near-future updates will expand the number and range of benchmarks. "Insights is an important tool for our customers who are constantly striving to improve, adjust and adapt their processes to meet their ever-evolving and increasingly challenging business goals," added Tucker. "Unlike survey-based benchmarking, BlackLine Insights provides the full picture with dynamic intelligence that is based on specific actions performed every month by BlackLine users." About BlackLine More than 110,000 users across 1,200 companies in approximately 100 countries currently leverage BlackLine to increase accountant productivity and elevate controls and compliance functions to 'Modern Finance' status. BlackLine complements existing enterprise systems for Corporate Performance Management, Governance Risk and Compliance and Enterprise Resource Planning. The BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution, joining the ranks of fewer than 40 other software offerings. BlackLine also is an SAP Gold Partner, Oracle Gold Partner, and participates in the partner programs of NetSuite and several other ERP providers. BlackLine global headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City, Paris, Sydney and Vancouver. For more information, please visit www.blackline.com. Logo - http://photos.prnewswire.com/prnh/20061117/LAF027LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/blackline-delivers-industrys-first-live-cloud-benchmarking-kpis-tailored-to-improve-the-efficiency-and-performance-of-finance--accounting-300179831.html SOURCE BlackLine |