improving the close process utilizing finance …today’s agenda 2 8:00am – 8:30am breakfast and...
TRANSCRIPT
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IMPROVING THE CLOSE PROCESS UTILIZING FINANCE GOVERNANCE TECHNOLOGIES
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TODAY’S AGENDA
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8:00am – 8:30am Breakfast and Networking 8:30am – 8:45am Opening Commentary 8:45am – 9:15am UHY Introduction to FGT 9:15am – 9:45am Chrysler Experience 9:45am – 10:15am BlackLine Demo 10:15am – 10:30am Open Discussion
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ATTENDEE CHECKLIST
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• CPE materials • Pick up at the registration desk • Sign in, complete/return evaluation form, pick up certificate
• Keep a look out for a post-event email • Download a copy of the PowerPoint presentation
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IMPROVING THE CLOSE PROCESS UTILIZING FINANCE GOVERNANCE TECHNOLOGIES
Mark Bealin Managing Director UHY Advisors
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ABOUT UHY ADVISORS
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Local Facts
• More than 40 years of experience
• Practice leaders with Big 4 experience and training
• More than 250 employees
• Offices in Farmington Hills and Sterling Heights
• Ranked 7th largest professional services firm in Metro Detroit by Crain's Detroit Business
National Facts
• 15 offices across the U.S.
• More than 1,000 employees
• Ranked one of the Top 25 professional services firms by Accounting Today
International Facts
• UHYI established in 1986 and based in London, UK
• Member firms in more than 250 cities in over 81 countries
• More than 6,800 member firm employees
• Ranked among the Top 25 largest international accounting and consultancy networks (by fee income)
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UHY OVERVIEW
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• Management Consulting • Project Solutions Group • Enterprise Risk Advisory Services (ERAS) • Forensic Litigation & Valuation Services (FLVS) • Audit/Attest • Tax Services
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MANAGEMENT CONSULTING
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• Enterprise Optimization
• Profit and performance improvement
• Business process re-engineering
• Shared services and outsourcing consulting
• Software selection
• ERP and financial systems
Comprehensive Strategies and Resources to Maximize Organizational Performance
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PROJECT SOLUTIONS
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• Loaned staff using our Rapid Resourcing approach:
− Provide a qualified professional within 48 hours, for core skill sets, 85% of the time
• Project support
• Process outsourcing
• Focus on finance and accounting, internal audit and tax
• Provide accomplished professionals:
− Experienced
− Credentialed
− Combination of public accounting and industry experience
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CONTACT INFORMATION
Mark Bealin, Managing Director
UHY Advisors, Inc.
586-843-2634
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IMPROVING THE CLOSE PROCESS UTILIZING FINANCE GOVERNANCE TECHNOLOGIES
Frank Fenello Managing Director UHY Advisors
Click Here to view the Prezi interactive presentation
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CONTACT INFORMATION
Frank Fenello, Managing Director
UHY Advisors, Inc.
678-602-4460
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IMPROVING THE CLOSE PROCESS UTILIZING FINANCE GOVERNANCE TECHNOLOGIES
Laura Sereduck Solutions Consultant Manager BlackLine Systems Lee Mercer Sales Executive BlackLine Systems Amy Winters Partner Channel Manager BlackLine Systems
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• REAL-TIME MONITORING AND REPORTING
• CONTROLLED PROCESS
• DATA INTEGRITY & INTEGRATION
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GARTNER COOL VENDOR AWARD
• Makes the financial close happen faster and better • Very intuitive and easy-to-use • No hardware or software to buy, install or maintain • Automated import/export capabilities • Proactive alert notifications allow management to sleep
at night • Full support for multiple currencies, languages, general
ledgers • Highly scalable and allows users to be added as needed • Allows for remote access by internal and external
auditors • Clients come first • Only account reconciliation provider with
a SSAE 16 (formerly SAS 70) audit
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ROI & CUTTING COSTS
• Auto-certification • Increased staff productivity • Reduced paper, printing, storage
overhead, auditor fees • Improved process management • Faster close
Return on investment is one of the most important indicators of value
MeadWestVaco Corporation
ROI: 495% Payback: 2 Months
Cox Communications
ROI: 227% Payback: 6 Months
Education Management Corporation
ROI: 138% Payback: 10 Months
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INTERFACING WITH SAP
• BlackLine is an SAP® software solution partner, member of the SAP PartnerEdge™ program and a participant in the SAP EcoHub solution marketplace
• BlackLine is certified for integration with SAP business/ERP applications
• BlackLine’s SAP Connector automatically imports key SAP financial information into BlackLine
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DIFFERENCE WITH BLACKLINE
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DIFFERENCE WITH BLACKLINE
INNOVATION BlackLine was first to develop and market a solution to automate the entire financial close process and continues to lead the industry by innovating and incorporating best practices.
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DIFFERENCE WITH BLACKLINE
MODULE INTEGRATION BlackLine’s integrated application allows clients to leverage their data across all modules to best meet their specific needs.
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DIFFERENCE WITH BLACKLINE
IMPLEMENTATION Implementation is tailored to the client’s needs. BlackLine’s team is agile enough to accommodate aggressive implementation timeline requests.
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DIFFERENCE WITH BLACKLINE
BLACKLINE U (TRAINING) BlackLine’s complimentary web-based training platform allows clients to master BlackLine features and functionality through video tutorials and resources they can access from anywhere, anytime.
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DIFFERENCE WITH BLACKLINE
WHITEGLOVE SERVICE BlackLine Customer Success Managers - who have expert accounting and application knowledge - proactively engage with clients to optimize their use of BlackLine – at no charge.
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DIFFERENCE WITH BLACKLINE
SSAE 16 + ISAE 3402 Internationally recognized auditing standards developed by the AICPA and IAASB - 3rd party opinions on control effectiveness
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WORRY-FREE SECURE SERVICE
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• No software to maintain or install • Quick implementation • Always on – 100% scheduled uptime guaranteed • Hot disaster recovery built-in • Security is No. 1 priority • Encryption of data in transmission and at rest • World-class hosting partner – Rackspace • Only financial close software provider with a SSAE 16 audit
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CONTACT INFORMATION
Laura Sereduck, Solutions Consulting Manager
BlackLine Systems
http://www.blackline.com/view-demo/
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IMPROVING THE CLOSE PROCESS UTILIZING FINANCE GOVERNANCE TECHNOLOGIES
Open Discussion