Helping Your Outdated Accounting Operations See the Light of a Modern Word

The human bag has a ton of valuable traits, but at the same time, it doesn’t have anything more significant than our tendency to improve at a consistent pace. We say this because the stated tendency has already fetched the world some huge milestones, with technology appearing as a major member of the group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

BlackLine, a digital finance transformation leader, has officially announced an expansion of its account receivable automation solutions. Under the stated expansion, BlackLine will bring to the fore specialized e-Invoice Presentment and Payment (EIPP) capabilities. However, before we get into these new capabilities, it will be better for us to gain an idea about the company’s existing portfolio. So, in simple terms, BlackLine’s AI-powered AR automation solutions leverage the power of intelligent automation to help customers collect cash faster and unleash working capital. But how will the promised expansion enhance this value proposition? Well, according to certain reports, the development in question will allow BlackLine’s users to generate, send, and monitor invoices in diverse e-invoice formats, and they can do using a whole assortment of delivery channels. Next up, it will ensure that payers are able to have a convenient access of all invoices. To compliment the same, BlackLine’s new and improved technology will also bank upon its enhanced self-service capabilities to let them download their invoices through secure, branded, customer invoice portals. We touched on the company’s technological versatility, that bit is further solidified by the way one can turn to different payment channels for the purpose of servicing inbound customer payments, thus helping users enjoy greater financial flexibility. Beyond its operational prowess, though, BlackLine’s new EIPP feature will empower you to achieve the required compliance with ever-evolving e-invoicing regulations across various countries throughout the world.

“By enhancing its EIPP capabilities, BlackLine is adding significant value to its robust Invoice-to-Cash software application, and providing extensive functionality to users looking to automate and modernize accounts receivable operations,” said Kevin Permenter, research director of financial applications at IDC.

While EIPP certainly headlines the company’s latest move, BlackLine took this opportunity to also launch other unified AR solutions, such as Cash Application, Credit and Risk Management, Collections Management, Dispute Resolution, Task Management, and analytics to power data-driven decision-making on credit limits, risk policies, collections strategies, and more.

Founded in 2001, BlackLine’s rise to prominence stems from its cloud-based financial operations management platform and market-leading customer service, which effectively modernizes your accounting operation. It achieves the stated feat by unifying data and processes, automating repetitive work, and driving accountability through visibility. The company’s excellence in what it does can be understood once you consider it is, at present, serving more than 4, 200 customers, forming a clientele that also includes plenty of industry giants like G2, TrustRadius, and more.

“AR automation is a critical component in any modern accounting or digital finance transformation journey,” said Therese Tucker, co-CEO of BlackLine. “With the addition of EIPP, we are now offering an end-to-end Invoice-to-Cash solution for our clients and enabling them to drive further operational excellence in their accounts receivable organizations.”