IMPROVING THE CLOSE PROCESS UTILIZING FINANCE GOVERNANCE TECHNOLOGIES

Transcription

1 IMPROVING THE CLOSE PROCESS UTILIZING FINANCE GOVERNANCE TECHNOLOGIES

2 TODAY S AGENDA 8:00am 8:30am 8:30am 8:45am 8:45am 9:15am 9:15am 9:45am 9:45am 10:15am 10:15am 10:30am Breakfast and Networking Opening Commentary UHY Introduction to FGT Chrysler Experience BlackLine Demo Open Discussion 2

3 ATTENDEE CHECKLIST 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 Download a copy of the PowerPoint presentation 3

4 IMPROVING THE CLOSE PROCESS UTILIZING FINANCE GOVERNANCE TECHNOLOGIES Mark Bealin Managing Director UHY Advisors

5 ABOUT UHY ADVISORS 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) 5

6 UHY OVERVIEW Management Consulting Project Solutions Group Enterprise Risk Advisory Services (ERAS) Forensic Litigation & Valuation Services (FLVS) Audit/Attest Tax Services 6

7 MANAGEMENT CONSULTING Comprehensive Strategies and Resources to Maximize Organizational Performance Enterprise Optimization Profit and performance improvement Business process re-engineering Shared services and outsourcing consulting Software selection ERP and financial systems 7

8 PROJECT SOLUTIONS 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 8

9 CONTACT INFORMATION Mark Bealin, Managing Director UHY Advisors, Inc

10 IMPROVING THE CLOSE PROCESS UTILIZING FINANCE GOVERNANCE TECHNOLOGIES Frank Fenello Managing Director UHY Advisors Click Here to view the Prezi interactive presentation

11 CONTACT INFORMATION Frank Fenello, Managing Director UHY Advisors, Inc

12 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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15 REAL-TIME MONITORING AND REPORTING CONTROLLED PROCESS DATA INTEGRITY & INTEGRATION

16 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

17 ROI & CUTTING COSTS Auto-certification Increased staff productivity Reduced paper, printing, storage overhead, auditor fees Improved process management Faster close MeadWestVaco Corporation ROI: 495% Payback: 2 Months Cox Communications ROI: 227% Payback: 6 Months Education Management Corporation ROI: 138% Payback: 10 Months Return on investment is one of the most important indicators of value

18 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

19 DIFFERENCE WITH BLACKLINE 19

20 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. 20

21 DIFFERENCE WITH BLACKLINE MODULE INTEGRATION BlackLine s integrated application allows clients to leverage their data across all modules to best meet their specific needs. 21

22 DIFFERENCE WITH BLACKLINE IMPLEMENTATION Implementation is tailored to the client s needs. BlackLine s team is agile enough to accommodate aggressive implementation timeline requests. 22

23 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. 23

24 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. 24

25 DIFFERENCE WITH BLACKLINE SSAE 16 + ISAE 3402 Internationally recognized auditing standards developed by the AICPA and IAASB - 3rd party opinions on control effectiveness 25

26 WORRY-FREE SECURE SERVICE 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 26

27 CONTACT INFORMATION Laura Sereduck, Solutions Consulting Manager BlackLine Systems

28 IMPROVING THE CLOSE PROCESS UTILIZING FINANCE GOVERNANCE TECHNOLOGIES Open Discussion