CFOtech New Zealand - Technology news for CFOs & financial decision-makers
Story image
BlackLine's modern accounting solution welcomes 1,000th customer
Thu, 29th Feb 2024

BlackLine has announced that it has onboarded its 1,000th customer for its Modern Accounting Playbook (MAP) solution. Introduced four years ago, this well-structured offering combines software and services designed to get businesses up and running quickly and creating immediate value. Aiming to streamline and control corporate accounting operations, MAP can be implemented in as little as five days thanks to its thorough, proven strategies and best practises.

Making the transition to modern accounting practises achievable for many businesses, BlackLine MAP offers significant value in minimal time. The MAP solution applies native cloud technology, a comprehensive library of leading practice templates, and a highly optimised delivery model. This combination achieves drastic reductions in implementation periods while also accelerating time-to-value performance.

With a survey by PwC revealing that 60% of senior executives believe digital transformation is essential for business growth, BlackLine's MAP offers a vital solution. As a strategic partner to CFO offices, BlackLine assists in streamlining processes, identifies areas for the adoption of modern accounting procedures, and delivers swift results.

Owen Ryan, Co-CEO of BlackLine, shared, "We've created a playbook for rapid success, based on our extensive experience working with thousands of leading companies over the past 20 years. BlackLine MAP's continuing rise in popularity is a testament to its unique methodology and approach. It's one of the quickest ways to shave time off the close and free working capital, reducing workloads and bolstering financial statement integrity." He also stated that MAP provides a robust framework for tackling any growth milestones encountered when needing to automate more financial close or invoice-to-cash processes.

The MAP solution offers a bundle of tried-and-tested products, leading practices, and comprehensive knowledge encompassing aspects like ERP integration, data extraction strategies, pre-prepared process templates, rules-based automation and more. These elements allow swift modernisation and enhancement of accounting processes. BlackLine MAP initiates and accelerates the customer’s accounting modernisation journey and optimises efforts to encourage expansive growth and continuous enhancement.

Organisations utilising BlackLine MAP have expressed satisfaction with the product. Milton Massery, Director of Accounting at digital healthcare leader GoodRx, lauded the MAP system saying: "It was highly organised. We had a project plan, a clear timeline, and regular meetings." Massery added that with BlackLine, they are able to keep up with increased workloads and increased complexity as the company expands.

Since the initial release of MAP for Financial Close, BlackLine has also added MAP for Cash Application to provide customers with rapid optimisation of their invoice-to-cash processes. Furthermore, they have launched a 5-Day Fast Track, the first of its kind to offer a five-day implementation enabling organisations to set up BlackLine in time for their next month-end close.