Hi everyone, and welcome to our
black line sponsored webinar series.
This series is titled moved to
modern accounting by automating
high volume reconciliations.
You'll see in a minute that we
have a couple of webinars scheduled
between February and March.
My name is Molly Boil I'll
be your host today.
And I'm a finance transformation
expert here at black line.
Today's webinar as I said,
is the first in a series of 3 webinars.
I wanted to give you a quick
overview of the other webinars.
We're hosting throughout the next 2 months.
This series focuses on automating
the most manual repetitive
activities in your closed this could
include things like high volume
transactional reconciliations.
And the goal here is really to help
you achieve greater efficiencies and
reduce risk in your organizations.
Do webinars are bringing together
black line partners clients and
experts to discuss some of these
topics and even more exciting today.
We're offering one CRE for the web and R.
You can log on to blackline.com
to register for all three webinars
if you would like.
With that let's go ahead and go over just
a couple of housekeeping items before we
jump into our exciting content today.
At the bottom of your audience console.
You're going to see the application widgets.
You can use these if you have any
questions during the web cast.
Just click on the Q&A Widget at the
bottom and submit your question there.
We will try to answer a few
during the web cast today,
but we do have a full agenda.
So if a Fuller answer is
needed or we run out of?
Time will make sure to answer
your question later via email.
We do capture all of your questions.
You can expand your slide area by
clicking on the maximize icon on
the Top right of your slide area.
Or by dragging the bottom right
corner of the slide.
If you have any technical difficulties
today just click on the help widget
discovers common technical issues also
sometimes just refreshing your blouse.
Browser can help clear some
common issues such as slides,
not advancing or your sound not working.
Hopefully, that won't be an issue.
But those widgets are there
to help you if you need them?
As I mentioned before today's
webinar is eligible for one.
CRE credit in order to get your
CPU must complete 3 out of our
four polling questions today.
Will make sure to give you some time
to answer each of those so you can
get the credit you're looking for.
When the point questions come up,
please click directly on the pool slides
to submit your answer you can track the
progress of your CPE certification.
Using the CPE certification widget that's
the CP icon at the bottom of your console.
Once you complete your CPE
requirements your certification
will be available for download.
Follow the instructions on the CRE
widget to get your certificate.
We will be sure to keep the line
open at the end of the webcast for
you to download your certificate.
If you're not able to do so prior
to the line closing you can log
back into the Link You used.
In about an hour and obtain
your certificate then.
Lastly,
in the resources widget you will find
a link to today's presentation slides.
This is for your own resources
to download if you'd like.
OK, with that, we're going to go ahead
and introduce some of our speakers
today after our first polling question.
I'll be turning it over to Katie
and Laura to present the web and
R which is called match made.
Black line and RGP help your
transactions find their match.
And some of you may have read on line.
Katie and Laura will be giving an overview
of high volume transaction matching.
With water from RDP covering a
couple of different client use cases.
At the end again as I mentioned will
open it up to at least a few questions
if we don't get to yours again.
Will follow up after today's webinar?
I'd like to introduce Katie and Laura
so you know a bit more about them.
Before I turn it out. Over to them today.
Our first presenter is Katie Morris.
Katy spent the last 3 years at black
line with the most recent years
spent on the product marketing team.
Where her solution focused resides
with our intelligent,
matching automation solutions or what
many of you may know as transaction matching?
Prior to joining Blackline Katie worked
in the audit practice at Ernst and young
for 2 years obtained her CPA license.
And worked on engagements ranging
from small private companies to
Global Fortune 1000 public companies.
Our second presenter is Laura Snodgrass
with our GP. Laura leads are GPS.
Blackline practice and has over 22
years of experience interpreting.
You S Gap and implementing solutions for
accounting and finance for the past 3 years.
Laura has been focused on the
implementation of accounting and
finance technology solutions.
This includes black lines
continuous accounting platform.
Also revenue recognition solutions
an lease accounting software.
Prior to joining our GP or spent
20 years at Cargill,
gaining expertise in multiple
areas of accounting and finance
across many industries.
With that let's go ahead and start
our first pulling question again is a
reminder you'll need to answer at least
3 of our four polling questions today.
In order to achieve that CRE certification.
The 1st question is,
is your company currently working on
accounting transformation initiative.
Just three choices for you on this one.
Yes,
no or not sure I'll give everybody
just a minute.
To go ahead and submit your response.
OK, if you haven't already will give you
about 10 seconds to go ahead and submit
your answer to our first pulling question.
If any of you are joining us a few
minutes late just a reminder that
today's webinar is eligible for one CRE
credit and you do need to answer 3.
Out of our four polling questions in
order to receive your certificate.
OK, with that, we're going to go
ahead and take a look at the results
and see where all of you stand
with accounting transformation.
Alright, it looks like most everyone
on the line or at least the majority
are working on some sort of initiative,
which is great to hear,
especially since we're talking about.
Highly manual processes today
like reconciling transactions.
So with that without further ado,
I'm going to go ahead and turn
it over to our speakers today.
Thank you very much for joining us
an I hope you enjoy the content.
OK, great, thanks Katie so let's
make sure that we catch any of
you up to date have joined us
just a little bit late here.
I want to make sure that all of you
who are here for your CRE credit.
Today, who or who want to get
that CRE credit have a chance to.
Answer at least 3 out of our
four polling questions.
That's the requirement to get that
CRE certificate so we're moving
on now to question number 2.
And the question is how are you
currently managing high volume
reconciliations or any other
data matching activities as a
couple of choices here? Excel.
ERP.
Black line.
Some combination of the above or other so
go ahead and and simply submit your answer.
There will give everybody about 30
more seconds to submit your answer?
Will take a look and then we'll turn
it back over to Katie and Laura.
OK, one last chance for everybody to submit
your answer to the polling question.
And let's go ahead and take
a look at the results.
Right so it looks like a lot of you
are still doing a lot of this work in
Excel which isn't surprising after all.
We talk about these as
typically manual activities.
So hopefully that means many of you are.
Looking for some resources and some
use cases to take back to your
organizations today and you're
going to hear a bit about that.
In this, this next section of
the presentation so with that
back over to you Katie and Laura.
Great, thanks, Laura Ann it looks
like we've come to another one
of our polling questions here.
So just as a reminder.
I probably sound like a
bit of a broken record,
but I'm wanna make sure you all get
your CRE so make sure you answer
at least 3 out of the four CPS.
Hopefully you've all had a chance to
answer one of the two we already covered.
Or 3 and the question is which
type of reconciliation cause
organizational headaches for you on
you can select multiple answers here.
So go ahead and select all
of them that apply.
I'm just thinking about the use cases.
You might have at your
organization and will give you all.
You know another 30 seconds
or so to select your answers.
OK and we want to keep moving
with our content here,
so one last chance to select your
answer to pulling question #3,
which is which types of reconciliations
are causing you headaches.
I'll go ahead and take a look at the results.
Interesting are pretty even spread here,
so um my guess is that most of you
selected multiple options here, which means.
A lot of these areas are pain points
for you with banks and intercompany
being particularly painful so
let's go ahead and continue on.
Turn it back over to our speakers
for some more great content.
So much great information here,
thanks Laura and with that.
We've come to our last pulling
question the 4th of our for pulling
questions so if you have not.
Already answered all three
previous polling questions.
You'll need to make sure to get this
one in order to get that certificate.
An and we hope you'll all just answer.
It anyway for us,
so the last question here is
what is the biggest challenge
your team faces when ticking and
tying high volume transactions?
I'm so just give us a little
more insight here on,
you know what specifically is painful
about that ticking in time process.
Go ahead and select just one
answer here and will give you
all just a few more seconds.
Anne will get to just the last of our
content before we wrap up today's webinar.
Last chance to submit your answer
I'm going to go ahead and take
a look at the results here.
OK so it looks like that manual effort again,
you heard Katie say before
traditional manual accounting
processes are not sustainable.
It looks like most of you
here would agree with that.
Hopefully you've gotten some good insight
already from today's presentation.
But I'm going to go ahead and
turn it back over one last time.
To wrap up our content and get
to a couple of your questions.
Now we've come to the Top of the hour,
everybody an we are out of time,
so apologies to those whose
questions we couldn't answer today.
But as I mentioned before will follow up
with you afterwards and we will leave the
portal open for just a few more minutes.
For those of you who are still trying
to download your CRE certificates.
With that I'd like to thank you very
much for attending today's webinar.
An also want to remind you that there
are 2 other webinars coming up.
In this series,
so feel free to visitblackline.com
to register for those thanks
again for joining us and have a
wonderful rest of your day.