ISG Software Research Analyst Perspectives

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for Topic: Effectiveness

BlackLine Exorcises Accounting Details

Posted by Robert Kugel on 10 January 2019

I recently attended BlackLine’s annual user conference. The company aims to automate time-consuming repetitive tasks and substantially reduce the amount of detail that individuals must handle in the department. The phrase “the devil is in the details” certainly applies to accounting, especially managing the details in the close-to-report phase of the accounting cycle, which is where BlackLine... Read More

Topics: automation, close, closing, Consolidation, control, effectiveness, Reconciliation, CFO, compliance, Data, controller, Financial Performance Management, FPM, Sarbanes Oxley, Accounting, process management, report

The Virtues of Automating Reconciliation

Posted by Robert Kugel on 29 March 2014

Reconciling accounts at the end of a period is one of those mundane finance department tasks that are ripe for automation. Reconciliation is the process of comparing account data (at the balance or item level) that exists either in two accounting systems or in an accounting system and somewhere else (such as in a spreadsheet or on paper). The purpose of the reconciling process is to identify... Read More

Topics: Office of Finance, automation, close, closing, Consolidation, Controller, effectiveness, Reconciliation, XBRL, Business Performance, Financial Performance, Governance, Risk & Compliance (GRC), CFO, Data, Document Management, Financial Performance Management, FPM

Using the Close as a Finance Department Diagnostic

Posted by Robert Kugel on 07 December 2012

Earlier this year we published our Trends in Developing the Fast, Clean Close benchmark research findings. The most significant was that, on average, it takes longer for companies to close their books today than it did five years ago. In 2007, nearly half (47%) we closing their quarters within five or six days, but now only 38 percent can do it as quickly. Some think that the increase in the time... Read More

Topics: Office of Finance, close, closing, Consolidation, Controller, effectiveness, XBRL, Business Performance, Financial Performance, CFO, Data, Document Management, Financial Performance Management, FPM