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Zurich North America, McKesson And Big Ass Fans Among Companies Honored With 2020 Modern Accounting Awards From BlackLine
Annual global awards recognize companies that have embraced modern accounting to drive transformational outcomes LOS ANGELES, Nov. 12, 2020 /PRNewswire/ --
About this update from Blackline, Inc.
[{"type":"text","content":"Annual global awards recognize companies that have embraced modern accounting to drive transformational outcomes\n\n\nLOS ANGELES, Nov. 12, 2020 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) has announced the winners of its 2020 Modern Accounting Awards. The company's second annual global awards program recognizes organizations that have demonstrated how they go beyond traditional Finance and Accounting (F&A) processes and embrace modern accounting to drive transformational outcomes using BlackLine's cloud platform for financial automation. 2020 winners include Zurich North America, McKesson and Big Ass Fans.\n\n \n \n \n \n \n \n\n \nBlackLine's Modern Accounting Awards honor customer success across five categories:\nThe Transformer – Honors the company that is the picture of change management success, bringing special focus to their organization's digital finance transformation strategy, transforming F&A operations with a bold vision across people, process and technology. The award goes to one of the world's largest healthcare conglomerates for standardizing globally on BlackLine across five Global Business Services centers with thousands of users; completing the roll-out of BlackLine's Journals solution across 20 SAP® systems; and using BlackLine's Intercompany Hub to standardize intercompany transactions and streamline F&A, tax and cash management around the world.The Unifier – Honors the company that has overcome the challenges inherent in a complex F&A technology landscape by unifying data, processes and visibility to deliver accurate results faster. The award goes to Zurich North America for transitioning to SAP® S/4HANA in only two years while maintaining accuracy and transparency between old and new systems, coming in on budget and on schedule. As part of their ERP upgrade and in preparation for IFRS17, Zurich saw a 160% increase in total reconciliations. By automating 98% of their certifications in BlackLine, they handled this big increase in workload without adding any headcount.The Accelerator – Honors the company that has used BlackLine to automate routine work to refocus on strategic business initiatives, revolutionizing an F&A use case with process design and automation. The award goes to a multinational semiconductor company that automated Journal Entry templates for various p...