KPMG and BlackLine

BlackLine helps companies modernise their processes, embed controls and achieve unprecedented transparency of their accounting and financial processes with centralised, standardised accounting functions on a single platform. 

In addition to compliance aspects (account reconciliations, workflow, etc.), the focus is on high automation rates in the area of automatic account reconciliation, automatic creation and posting of facts including validation as well as a complete end-to-end intercompany process - BlackLine thus helps to transform the corporate function from record-to-record reporting to "continuous accounting". 

Due to the high automation rate and the achievable standardisation rates on the basis of a uniform platform, BlackLine is very suitable for achieving significant efficiency increases, especially in the SSC context. 

BlackLine is ERP-independent and, in the context of SAP, the only SAP "solution extension" in the closing environment. As such, BlackLine complements SAP Advanced Financial Closing, SAP Group Reporting, SAP ECC, SAP S/4HANA and other SAP products as part of an end-to-end offering for finance. 

Key processes are improved and account reconciliations, journal entries, variance analysis, intercompany transactions and processes, task assignments, checklists and financial closings are centralised with BlackLine.

KPMG's financial transformation expertise combined with alliance partner BlackLine's agile cloud-based record-to-report technology solution enables finance and accounting teams to deliver relevant information to executives in real time and generate strategic value for the business. The services at a glance:

Users can focus on what is known as exception handling to ensure timely, accurate and complete results. Best practices such as risk assessments and templates can be used for this purpose. Journal entries, reconciliations and controls are automated, saving users time and speeding up their financial close processes.

Cloud technology is used to unify data and centralise policies and procedures. Secure connectors and APIs are integrated with company codes & companies, ERPs and other data sources to limit complexity and give users more flexibility. Powerful business rules replace spreadsheets. This enables business growth.

BlackLine manages audit requests and results from one source. This increases transparency and avoids delays. In addition, relevant information can be accessed via dedicated auditor authorisations. This saves time and reduces costs.

Intelligent workflows and clear business rules allow activities to be centralised, tracked and orchestrated in a meaningful way. Disparate data sets can also be turned into meaningful information using role-based reporting, dashboards, KPIs and alerts.

KPMG supports you in the planning, conception and introduction, taking into account all relevant aspects within the scope of your BlackLine introduction:

• Proven implementation approach based on leading practices.
• Fully certified and experienced implementation teams
• Global network
• Comprehensive scope of services in the project environment, including accounting issues, tax, audit, governance & compliance, processes and technologies  

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