Since being founded in 2001, BlackLine has become a leading provider of cloud software that automates and controls the entire financial close process. Their vision is to modernize the finance and accounting function to enable greater operational effectiveness and agility, and they are committed to delivering innovative solutions and services to empower accounting and finance leaders around the world to achieve Modern Finance.
Accounting and audit teams are continually being asked to interact with and coordinate compliance initiatives on a more frequent basis. For organizations juggling multiple audits, such as SOX, operational audits, or financial reporting, information redundancy, competing deadlines, and large numbers of audit requirements quickly present challenges.
Company management and their auditors might not see eye to eye on everything. But clients and their third-party examiners typically agree that the audit process could be improved.
Many organizations today need to adhere to stringent audit and compliance rules to prove they’re following established guidelines and regulations. An automated compliance approach centralizes audit information, and provides easier access to key controls and status. Furthermore, automation can reduce labor intensive costs and non-value-added time often associated with manual ...
SOX has been in effect for more than 15 years, yet many companies still haven’t streamlined key elements of their compliance process. Spreadsheets and email remain the most common way to manage the data collection and affirmations that compliance requires. Software designed to manage compliance can provide strong controls that ...
Despite increasing rules and regulations, the risk of fraud looms large. That’s why Scientific Games, a leader in the gaming and lottery industries, is not one to gamble with compliance and controls. As an advanced user of BlackLine Task Management, they had exhausted the product’s limits.
Public companies have two reasons to take a hard look at their systems of internal control these days. First, the Committee of Sponsoring Organizations (COSO) recently issued an updated version of its internal control framework and the old framework is expiring at the end of the year. Second, audit firms, ...