“Straight-through processing” (STP) is a business process and data architecture methodology. Technology advances have made STP increasingly feasible for any business process, allowing companies to design and execute them from inception to completion in a more automated fashion, minimizing or eliminating human intervention in the process. The associated data also progresses automatically end-to-end through the process, preserving its integrity. Because there is no human intervention, data is...
Read More
Topics:
Sales,
Customer Experience,
Office of Finance,
Recurring Revenue,
Data Governance,
Financial Performance Management,
Digital Commerce,
ERP and Continuous Accounting,
Billing and Recurring Revenue
I recently attended BlackLine’s annual user conference. The company aims to automate time-consuming repetitive tasks and substantially reduce the amount of detail that individuals must handle in the department. The phrase “the devil is in the details” certainly applies to accounting, especially managing the details in the close-to-report phase of the accounting cycle, which is where BlackLine plays its role. This phase spans from all the pre-close activities to the publication of the financial...
Read More
Topics:
automation,
close,
closing,
Consolidation,
control,
effectiveness,
Reconciliation,
CFO,
compliance,
Data,
controller,
Financial Performance Management,
FPM,
Sarbanes Oxley,
Accounting,
reconcile
