Accounting software specialist BlackLine has declared that business resilience and cash management is a major priority for organisations now more than ever, and this has inspired the company to release a new offering as part of its accounts receivable automation solutions portfolio.<\/p>\n
BlackLine AI Intelligence is a new offering that provides deep insights into financial risks within a customer base, removing the need for manual data searches. The offering is designed to be used in conjunction with BlackLine Cash Application, combining real-time data collection and analytics to paint a picture of customers financial behaviours.<\/p>\n
According to BlackLine global accounts receivables business unit managing director Kevin Kimber, the BlackLine AR Intelligence solution can also deliver real-time credit, debt, and sales insights that can be used by teams such as accounts receivable, credit management and order-to-cash.<\/p>\n
[This can also include] other senior stakeholders such as the CFO, Office of the Controller, Treasury and even the CRO\/Sales team, enabling companies to reduce risk, improve forecasting, optimise working capital and grow revenues by analysing precise customer payment and credit behaviours.<\/p>\n
The solution includes pre-configured and interactive dashboards that display:<\/p>\n
BlackLine states that it is actively expanding its capabilities in accounts receivable automation, particularly after its US$150 million acquisition of UK firm Rimilia in October 2020.<\/p>\n
BlackLine made the acquisition to expand its capabilities in accounts receivable automation, adding this automation to financial close automation and accelerating BlackLine's larger, long-term plan for modernising both accounting and finance.<\/p>\n
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BlackLine pads out capabilities within accounts receivable automation - IT Brief Australia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Accounting software specialist BlackLine has declared that business resilience and cash management is a major priority for organisations now more than ever, and this has inspired the company to release a new offering as part of its accounts receivable automation solutions portfolio. BlackLine AI Intelligence is a new offering that provides deep insights into financial risks within a customer base, removing the need for manual data searches. The offering is designed to be used in conjunction with BlackLine Cash Application, combining real-time data collection and analytics to paint a picture of customers financial behaviours Continue reading