Progressive are now partnering with BlackLine to provide account reconciliation and financial close solutions. BlackLine is recognised as the world’s most trusted solution for financial controls and automation.
BlackLine solutions provide better visibility and control over the entire financial close for accounting and finance teams. Automation is key – by automating the typically manual close process, it increases the speed at which close can be achieved, whilst reducing errors, cost and risk.
The benefits of the BlackLine solution:
- Efficiency & Automation: Typical close process is highly manual – time wasting of valuable resources, plus high likelihood of errors. Designed to automate any manual, repeatable process.
- Control: Provides a reliable compliance framework for financial close activities, including journal entries, balance sheet account reconciliations, variance analysis and transaction level reviews. Its controls ensure that key processes are secure, standardised, repeatable and, where possible, automated.
- Visibility: Provides a single, centralised platform to transform the close into a transparent, manageable process. Information is disseminated through powerful dashboards and reports that are designed to highlight progress, risk with required adjustments, delinquencies and incomplete processes.