BlackLine and Kyriba Partner to Streamline Digitalization of the Business of the CFO
Joint option accelerates lender connectivity, enabling higher monetary close and accounts receivable process automation for customers
LOS ANGELES and SAN DIEGO, July 20, 2021 /CNW/ — Accounting automation software package leader BlackLine, Inc. (NASDAQ: BL) and Kyriba, a worldwide leader of cloud-based mostly finance and IT options, nowadays declared that they are becoming a member of forces to streamline the digitalization of the Office environment of the CFO and strengthen collaboration amongst Finance and Treasury departments. The partnership presents increased abilities for mutual shoppers by their built-in remedies to accelerate bank connectivity, increasing cash visibility and enabling larger automation in the fiscal near and accounts receivable processes.
At a time when organizational resilience is far more essential than ever, Finance and Treasury leaders want their technology alternatives to get the job done much more efficiently alongside one another across both of those the Finance and Accounting companies, including Treasury and Danger. BlackLine and Kyriba help companies adapt and answer to the modifying landscape by streamlining procedures, improving data integrity, optimizing dollars and liquidity administration, and automating repetitive do the job to renovate standard shut procedures.
“Financial institution reconciliations are a time-consuming method and a person of the top rated troubles BlackLine aids companies tackle. With our new partnership, BlackLine gives Kyriba shoppers with industry-main answers that gasoline treasury teams with authentic-time, reliable and info-backed analytics to automate bank reconciliation and other vital monetary shut and accounts receivable procedures. At the very same time, BlackLine shoppers can now leverage Kyriba’s substantial community of global banking interactions to streamline bank connectivity,” stated Mel Zeledon, senior vice president of Channels & Alliances at BlackLine. “The digitalization of the finance and accounting tech-suite is accelerating and our partnership with Kyriba is an remarkable instance of how very best-of-breed solutions can supply immediate strategic rewards.”
Customers that put into practice BlackLine alongside Kyriba are anticipated to see diminished organization-procedure charges and amplified organizational efficiencies. Kyriba’s preconfigured lender connectors simplify financial institution reporting, accelerating time-to-worth for BlackLine buyers. BlackLine’s transaction matching alternative can automate up to 95% of financial institution reconciliations and match tens of millions of transactions in minutes. Coupled with Kyriba’s strong and pre-built inventory of lender connectors, Blackline clients can streamline bank statement reporting from 1000’s of banking companies all around the globe, acquiring unsurpassed performance in their finance and accounting functions.
“Kyriba unlocks immediate integration capabilities with its innovation in connectivity and has established new ecosystems of value through global partnerships,” explained Joe Marcin, chief profits officer at Kyriba. “Coupling Kyriba’s revolutionary treasury abilities with BlackLine’s industry-leading financial shut and accounts receivable automation alternatives is a natural evolution in financial near, assessment and reporting. We are enthusiastic to deliver Finance and Treasury nearer as a result of our partnership with BlackLine and generate strategic price for the Business of the CFO.”
Mutual customers of Kyriba and BlackLine now have obtain to complementary solutions for bank connectivity, payments automation and intercompany accounting, ensuring price across three primary use scenarios:
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Accelerated Financial institution Connections and Enhanced Dollars Visibility: Delivers speedier connections to BlackLine shoppers by means of an considerable network of pre-linked, pre-configured banks time to onboard consumers for automatic reporting is drastically lessened when offering Finance and Accounting with timely, useful information for accounts receivable and shut procedures.
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Accounts Receivable Automation: Minimize guide exercise and collect extra hard cash working with AI-run automation throughout buy-to-dollars procedures. With clever automation, purchaser payments are automatically matched to invoices, minimizing the have to have for high priced lockbox expert services, lowering times profits excellent (DSO), and freeing AR group ability to target on value-additional pursuits.
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Monetary Close Management: Automates facts trade with fiscal near technologies that consistently reconcile and verify day-to-day and period-stop hard cash and stability reporting.
For extra facts, pay a visit to www.blackline.com or www.kyriba.com or sign-up to go to our upcoming joint webinar below.
About BlackLine:
Businesses arrive to BlackLine (Nasdaq: BL) due to the fact their conventional handbook accounting processes are not sustainable. BlackLine’s cloud-based mostly remedies and industry-primary client services enable providers move to modern accounting by unifying their facts and processes, automating repetitive do the job, and driving accountability as a result of visibility. BlackLine presents solutions to control and automate economic shut, accounts receivable and intercompany accounting processes, supporting substantial enterprises and midsize companies throughout all industries do accounting function much better, quicker and with far more regulate.
Practically 3,500 prospects have confidence in BlackLine to support them near faster with finish and correct benefits. The organization is the pioneer of the cloud economical near sector and identified as the leader by buyers at main close-consumer critique websites including Gartner Peer Insights, G2 and TrustRadius. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For additional information and facts, you should take a look at blackline.com.
About Kyriba:
Kyriba empowers CFOs, Treasurers, and their IT counterparts to completely transform how they improve money technology answers, de-chance ERP cloud migration, and activate liquidity as a dynamic, genuine-time car for progress and benefit creation. With 2,000 clients all over the world, which includes 25 p.c of Fortune 500 and Eurostoxx 50 corporations, Kyriba’s groundbreaking Connectivity as a Assistance platform integrates internal purposes for treasury, chance, payments and doing work capital with essential external resources these as banks, ERPs, investing platforms, and market place data companies. As part of our Connectivity System, Kyriba manages additional than 1.3 billion financial institution transactions for each year, and 200 million payments into 140 nations every year.
Kyriba is a safe, scalable SaaS platform that leverages synthetic intelligence, automates payments workflows, and permits thousands of multinational firms and banks to maximize development alternatives, defend against reduction from fraud and money chance, and cut down operational fees. Kyriba is headquartered in San Diego, with offices in Dubai, Frankfurt, London, Minsk, Paris, Shanghai, Singapore, Tokyo, Warsaw and other significant spots. For far more info, visit www.kyriba.com.
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