Thursday 15th April, 2021
BlackLine has unveiled the latest offering in its portfolio of accounts receivable (AR) automation solutions designed to complement and enhance its broader financial operations management platform.
BlackLine AR Intelligence enables customers to manage financial risks and opportunities by providing access to real-time, actionable data to help them understand their customers’ financial behaviours and use the information to impact strategic and operational decision-making.
This offering takes the strategic value of BlackLine’s AI-powered Cash Application solution to the next level by harnessing real-time data and combining it with powerful analytics to improve critical decision-making across the enterprise.
“Now more than ever, business resilience and cash management is top of the agenda. BlackLine AR Intelligence provides our customers with a deep understanding of the financial risks and opportunities within their customer bases, unlocking data either previously not available to them or that took days and weeks to generate manually,” said Kevin Kimber, managing director of BlackLine’s global accounts receivables business unit. “BlackLine AR Intelligence delivers real-time credit, debt and sales insights that benefit not only the Accounts Receivable, Credit Management and Order-to-Cash departments, but 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, optimize working capital and grow revenues by analyzing precise customer payment and credit behaviours.”
More than $187 billion of payments were applied through BlackLine Cash Application in 2020. By adding BlackLine AR Intelligence, customers gain critical business insights to manage risk, cash flow and collections, as well as real-time analysis and reports.
“BlackLine AR Intelligence is a natural complement to our Cash Application solution, delivering on our vision to be the most indispensable platform for the controller,” added Mr. Kimber. “Coupled with the ability to link everything back to our market-leading financial close platform for currency adjustments, intercompany cash, bad debt reserves and suspense accounts, we are redefining the way AR work gets done and unlocking new strategic value for our customers.”