About BlackLine:
Since its founding in 2001, BlackLine has become a leading provider of cloud software that automates and controls financial close and accounting processes. Transform and modernize your accounts receivable processes. Release cash from customers using next-generation intelligent AR automation. Optimize working capital by driving world-class order-to-cash processes and leveraging decision intelligence to drive better business outcomes.
NACM and BlackLine Survey Results:
As the business world continues to evolve, accounts receivable automation has become an increasingly important topic. Download these comprehensive survey results to uncover the full picture of AR automation trends.
Podcasts:
News Stories:
5 Reasons AR Automation Is a No-Brainer
In any organization, it's essential to have accurate and timely financial data. However, manually reconciling cash and accounts receivable (AR) transactions can be tedious and error-prone, taking up valuable time and resources. That's where the BlackLine Cash Application and AR Intelligence solutions come in—it’s a no-brainer decision for finance professionals looking to save time, reduce errors and gain valuable insights.
Here are five reasons why BlackLine Cash Application and AR Intelligence are a must-have for businesses:
1. Save Time
As your organization grows, so does the volume of payments and AR transactions that need to be reconciled. Manually reconciling these transactions can take hours, if not days, of your time with never-ending searches for remittances and customer account information or data keying to your ERP.
With BlackLine, you can automate this process and free up time for more important tasks. The technology continually learns and automatically matches cash receipts to open AR invoices before feeding the data to the ERP, reducing the need for manual intervention. This means you can focus on analyzing exceptions and addressing customer issues sooner.
2. Reduce Errors
As the volume of payments you process increases, so too does the risk of human error. Manual reconciliation and data processing can be error-prone and lead to rework and inaccurate financial data, which can seriously affect your business. With BlackLine accounts receivable automation, you can reduce errors by automating the process.
3. Gain Valuable Insights
As your organization grows, so does the need for valuable customer insights. BlackLine Cash Application and AR Intelligence can provide you with real-time data on payments and customer trends and changes, giving you the decision intelligence you need to help make strategic decisions. For example, you can identify customers who consistently pay late and take action to reduce payment delays, identify customers who may be a credit risk and take steps to mitigate that risk, or even get a future payment forecast built by data on how your customers have paid you previously.
4. Increase Efficiency
With the expansion of your organization, the need for efficiency becomes even more critical. The time and resources you save by automating the AR process with BlackLine's solutions can be put to better use. For example, you can use the time you save to make more focused collections calls, improve customer relationships or refine your processes.
5. Scalable Solution
A scalable solution that can grow alongside your business, adapt to changing needs and expand customer bases helps ensure long-term success. With BlackLine, you can be sure you’re getting a scalable, automated accounts receivable solution that can provide your business with greater efficiency, accuracy and flexibility. It’s an essential solution for modern financial management.
Learn how you can become a Credit Industry Partner today by downloading our Media Kit here or emailing This email address is being protected from spambots. You need JavaScript enabled to view it.
