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Nucleus calculates Oracle ERP clients obtain payback in under a year, generate US $2.fifty eight for each greenback invested, and cut closing times up to 90% with main accounting automation platform
Sydney, 22 November 2021 – A contemporary record from Nucleus research says Oracle ERP (commercial enterprise useful resource planning) users obtain payback in below a yr (on typical) and generate US $2.58 for each greenback invested in BlackLine, Inc.’s (Nasdaq: BL) cloud-primarily based platform for finance controls and automation, with interviewed clients reporting elevated employee productivity, lowered accounting workload and greater organisational visibility. Nucleus went on to say that BlackLine’s Oracle ERP connector complements an business enterprise’s current tech stack by using automating information formatting to consolidate and streamline financial shut activities.
Analysing BlackLine ROI case experiences it had carried out in the ultimate five years, Nucleus research identified synergistic merits of using BlackLine’s flagship fiscal closing platform alongside Oracle ERP methods. Key benefits they found out consist of:
- enhanced person productiveness. clients can consolidate and layout the imperative assistance for the month-to-month closing duration in a fraction of the time of manual procedures via a unified platform. Pre-built accounting templates and other project management solutions empower users to streamline workflows, comparable to transaction matching, creating journal entries and variance analysis exams. Nucleus accompanied that most BlackLine clients reduce monthly closing times between 50% and ninety%.
- reduced Audit prices. BlackLine enables valued clientele to standardise compliance instructions across the whole organisation by using adopting pre-built trade typical templates that will also be integrated in day by day, month-to-month, quarterly and each year closing techniques. as an instance, accounting teams can leverage the SOX audit compliance templates and set the automatic validation suggestions that fulfill SOX 302 and SOX 404 requirements. BlackLine’s automation and standardisation solutions can cut back the chance of compliance breaches and shorten auditing time on typical through 400 personnel hours.
- better Organisational Visibility. BlackLine can also be customised to integrate with practically any ERP answer and is fabulous for agencies with multiple ERP techniques. fiscal information is consolidated through integrations and out-of-the-box connectors to set up a single edition of the reality, despite earnings channels, billing strategies and accounting structures. This makes it possible for management to track the reputation in real-time of every monetary close and drill down into the underlying records elements to consider traits and irregularities.
“BlackLine unifies consumer facts and tactics, automates repetitive work and drives accountability through visibility. the use of BlackLine and Oracle together may also be a really effective mixture offering more advantageous handle and visibility all the way through the total financial shut procedure and shifting finance and accounting group obligations faraway from mundane, manual tasks to purposeful services that center of attention on the future,” says Martin Naydenov, analyst at Nucleus research. “BlackLine’s augmentation of an service provider’s existing ERP device introduces a cultural shift within the accounting branch as users embrace up to date accounting practices.”
BlackLine provides a foremost-of-breed, full-functionality suite of cloud-based mostly accounting automation solutions along with leading practices attained from years of adventure with hundreds of customer implementations, enabling each tremendous multi-country wide and mid-sized companies to recognise success quicker. With developed-in capabilities and off-the-shelf reporting templates that work throughout all leading ERP and supply methods, BlackLine consumers spend less time configuring, and greater time driving outcomes via providing fast, accurate, depended on numbers to inform company decisions.
“As a cloud solution, BlackLine will also be accessed, updated and configured from anywhere as agencies’ ERP landscapes and company models exchange, permitting for long-time period scalability and resilience from an accounting technology and method standpoint,” introduced Mr. Naydenov.
The Nucleus research report comes on the heels of BlackLine announcing it these days surpassed 1,000 valued clientele operating on Oracle ERPs as they embark on their digital finance transformation and modern accounting journeys. here’s what some are announcing:
- “the use of BlackLine alongside their Oracle ERP over the past eight+ years has given us a whole lot stronger visibility and accelerated employee productivity by using getting rid of manual techniques and providing actual-time access to vital financial facts. BlackLine assists in the monitoring of policy compliance and offers us with a full-functionality, one-stop store. As a worldwide company with virtually 30 forex ledgers in Oracle, BlackLine additionally permits us to operate multicurrency reconciliations in its place of most effective reconciling in US dollars.” Justin Culp, head of monetary and regulatory reporting, Western Union
- “even if updating their Oracle ERP required a whole new chart of bills, it changed into handy to get every little thing into BlackLine. The ability to have full performance at their fingertips, all kinds of experiences they are able to run at any time, saves us so a good deal time. I haven’t worked with any software it truly is more suitable for this aim than BlackLine.” Travis Curl, usual ledger analyst, Hyatt
- "Linking BlackLine with Oracle become ache-free – a clean integration and seamless implementation with minimal guide vital from IT. i can’t imagine no longer having BlackLine. I have a lot more confidence within the numbers now. And BlackLine is scalable, that will keep up with their ever-expanding workload – and extending complexity – as the enterprise grows.” Milton Massery, director of accounting, GoodRx
“We looked at a few software solutions to enrich their Oracle ERP, but BlackLine changed into the foremost healthy. It changed into entirely in the cloud, which allowed us finished visibility. The ability to put into effect BlackLine in stages—yet nevertheless have full performance for individual processes—become additionally a identifying ingredient. They knew they may grow with it. Plus, it’s so user pleasant and simple to navigate.” Jeanette Nimmo, GL international procedure proprietor, Hyatt
although more than 1,000 BlackLine customers are currently running on Oracle ERPs, BlackLine is ERP-agnostic, optimised for these days’s contemporary business with direct integration to more than 30 distinctive leading business resource planning (ERP) and source programs.
For extra tips or to get
the total Nucleus research record, go here: https://www.blackline.com/belongings/medical doctors/uploads/blackline-nucleus-analysis-roi-why-oracle-erp-clients-opt for.pdf
corporations come to BlackLine (Nasdaq: BL) as a result of their ordinary guide accounting techniques are not sustainable. BlackLine’s cloud-primarily based solutions and market-leading consumer provider assist agencies move to contemporary accounting via unifying their information and methods, automating repetitive work, and riding accountability via visibility. BlackLine provides solutions to manipulate and automate financial close, accounts receivable and intercompany accounting approaches, assisting significant corporations and midsize groups throughout all industries do accounting work better, quicker and with more control.
greater than 3,700 customers believe BlackLine to aid them shut sooner with complete and correct results. The enterprise is the pioneer of the cloud fiscal close market and recognised as the leader by means of clients at main conclusion-consumer assessment sites including Gartner Peer Insights, G2 and TrustRadius. primarily based in los angeles, BlackLine additionally has regional headquarters in London, Singapore and Sydney. For greater information, please consult with www.blackline.com
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