June 2, 2023


local businesses

BlackLine and Kyriba Companion to Streamline Digitalization of the Workplace of the CFO

LOS ANGELES & SAN DIEGO–(Company WIRE)–Accounting automation software package chief BlackLine, Inc. (NASDAQ: BL) and Kyriba, a world-wide chief of cloud-based finance and IT solutions, currently introduced that they are becoming a member of forces to streamline the digitalization of the Office of the CFO and boost collaboration involving Finance and Treasury departments. The partnership delivers improved abilities for mutual prospects through their built-in alternatives to accelerate financial institution connectivity, increasing money visibility and enabling bigger automation inside the economical close and accounts receivable processes.

At a time when organizational resilience is a lot more essential than at any time, Finance and Treasury leaders have to have their engineering solutions to get the job done much more effectively together across both the Finance and Accounting corporations, such as Treasury and Chance. BlackLine and Kyriba aid companies adapt and reply to the modifying landscape by streamlining processes, boosting info integrity, optimizing dollars and liquidity management, and automating repetitive work to change classic shut processes.

“Bank reconciliations are a time-consuming procedure and just one of the top worries BlackLine assists businesses deal with. With our new partnership, BlackLine gives Kyriba prospects with marketplace-top options that gas treasury groups with authentic-time, dependable and data-backed analytics to automate bank reconciliation and other key economic close and accounts receivable procedures. At the exact time, BlackLine shoppers can now leverage Kyriba’s comprehensive network of global banking associations to streamline bank connectivity,” mentioned 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 illustration of how greatest-of-breed solutions can deliver quick strategic added benefits.”

Customers that apply BlackLine alongside Kyriba are predicted to see diminished enterprise-process fees and increased organizational efficiencies. Kyriba’s preconfigured lender connectors simplify bank reporting, accelerating time-to-value for BlackLine buyers. BlackLine’s transaction matching remedy can automate up to 95% of bank reconciliations and match millions of transactions in minutes. Coupled with Kyriba’s robust and pre-designed stock of lender connectors, Blackline clients can streamline lender statement reporting from countless numbers of banking institutions all around the earth, attaining unsurpassed effectiveness in their finance and accounting functions.

“Kyriba unlocks speedy integration abilities with its innovation in connectivity and has created new ecosystems of price by way of world-wide partnerships,” mentioned Joe Marcin, main earnings officer at Kyriba. “Coupling Kyriba’s progressive treasury abilities with BlackLine’s industry-leading economical close and accounts receivable automation methods is a pure evolution in money close, examination and reporting. We are enthusiastic to provide Finance and Treasury nearer as a result of our partnership with BlackLine and generate strategic benefit for the Place of work of the CFO.”

Mutual clients of Kyriba and BlackLine now have obtain to complementary remedies for bank connectivity, payments automation and intercompany accounting, ensuring worth throughout 3 most important use conditions:

  1. Accelerated Financial institution Connections and Enhanced Money Visibility: Delivers more rapidly connections to BlackLine consumers by an extensive network of pre-linked, pre-configured banking companies time to onboard prospects for automated reporting is considerably reduced while furnishing Finance and Accounting with timely, valuable details for accounts receivable and near processes.
  2. Accounts Receivable Automation: Cut down manual action and accumulate a lot more income making use of AI-powered automation across buy-to-hard cash processes. With intelligent automation, purchaser payments are automatically matched to invoices, lessening the need to have for highly-priced lockbox expert services, reducing days sales remarkable (DSO), and releasing AR workforce capability to concentration on benefit-added routines.
  3. Economical Shut Administration: Automates data exchange with fiscal close systems that constantly reconcile and validate every day and period-conclusion cash and stability reporting.

For more data, visit www.blackline.com or www.kyriba.com or sign-up to show up at our future joint webinar right here.

About BlackLine:

Businesses come to BlackLine (Nasdaq: BL) for the reason that their traditional manual accounting procedures are not sustainable. BlackLine’s cloud-based mostly answers and industry-top purchaser assistance enable companies move to modern-day accounting by unifying their data and procedures, automating repetitive function, and driving accountability by means of visibility. BlackLine provides methods to control and automate monetary close, accounts receivable and intercompany accounting procedures, assisting large enterprises and midsize businesses across all industries do accounting work greater, speedier and with a lot more control.

Just about 3,500 buyers rely on BlackLine to help them near more quickly with full and precise success. The organization is the pioneer of the cloud economic close industry and regarded as the chief by shoppers at leading close-consumer evaluation websites which includes Gartner Peer Insights, G2 and TrustRadius. Centered in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more info, make sure you check out blackline.com.

About Kyriba:

Kyriba empowers CFOs, Treasurers, and their IT counterparts to completely transform how they optimize monetary technologies methods, de-chance ERP cloud migration, and activate liquidity as a dynamic, genuine-time auto for progress and benefit generation. With 2,000 clients around the world, which includes 25 % of Fortune 500 and Eurostoxx 50 organizations, Kyriba’s pioneering Connectivity as a Company platform integrates inner applications for treasury, hazard, payments and performing capital with critical external sources this kind of as banking companies, ERPs, trading platforms, and market place facts vendors. As element of our Connectivity Platform, Kyriba manages more than 1.3 billion bank transactions for each yr, and 200 million payments into 140 countries on a yearly basis.

Kyriba is a protected, scalable SaaS platform that leverages synthetic intelligence, automates payments workflows, and permits countless numbers of multinational companies and banking companies to improve expansion alternatives, protect towards loss from fraud and money possibility, and minimize operational prices. Kyriba is headquartered in San Diego, with workplaces in Dubai, Frankfurt, London, Minsk, Paris, Shanghai, Singapore, Tokyo, Warsaw and other key locations. For much more information and facts, pay a visit to www.kyriba.com.