Content portal to provide insight, guidance and leading practices to Finance & Accounting professionals worldwide as they navigate new challenges amid coronavirus pandemic
BlackLine, has created a ‘Resource Hub for Closing Virtually’ to help Finance & Accounting (F&A) professionals navigate new and unprecedented challenges in light of the coronavirus pandemic, as many organizations worldwide now face closing their books with a distributed workforce for the first time.
Many F&A professionals rely on traditional manual accounting processes to close the books. A reliance on spreadsheets, tribal knowledge and in-person communication is not sustainable and introduces risk in a normal environment. Amid this pandemic, these challenges are exacerbated as F&A teams must shift to working from home while still delivering complete, accurate and timely financial results. To further complicate the matter, key business assumptions and forecasts are changing frequently as tax incentives and other regulatory items evolve rapidly, sometimes on a daily basis, and audits must now be conducted remotely.
All of these factors are increasing work and complexity for already busy F&A teams who are in the midst of their month- and quarter-end close. BlackLine’s ‘Resource Hub for Closing Virtually’ provides a destination for F&A professionals to find articles, whitepapers, webinars, FAQs and more based on knowledge BlackLine has gained working with thousands of companies globally over many years. Initial content focuses on overcoming the challenges of closing in a distributed environment with remote employees. The portal also offers insight from 3rd-party industry experts including F&A transformation leaders from leading global accounting and advisory firm EY.
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“People inherently seek an order from disorder. We’re trying to ease that angst and bring some semblance of normalcy back into what’s undoubtedly a very confusing and chaotic time for many,” BlackLine CEO Therese Tucker said. “Our goal with the new resource hub is to provide F&A professionals everywhere the guidance they need, in one place, to make their virtual close collaborative and achievable so they can close with confidence, even under these trying circumstances.”
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