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BlackLine—Difficulties in Accounting

New research reveals growing challenges are impacting business outcomes, talent retention, and more.
E3 Magazine
11 October 2023
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This text has been automatically translated from German to English.

An international survey commissioned by BlackLine found that intercompany accounting processes that are not set up and executed optimally pose widespread problems for companies around the world. In the survey, which involved more than 260 stakeholders in the intercompany environment of multinational corporations, 99 percent of respondents said they face specific problems with intercompany financial processes. The results show that the scope and scale of intercompany transactions pose challenges and significant pressures, particularly when they are based on outdated processes. 

All respondents confirmed that intercompany accounting challenges have a direct negative impact on business results. Ninety-two percent of respondents indicated that intercompany accounting challenges impact the recruitment and retention of top talent. The results suggest that they face tremendous pressure. One in three respondents said teams experience physical or mental health issues due to stress levels; 96 percent pointed out that their employees regularly spend sleepless nights.

Automation is the recipe for success in solving cross-enterprise problems. Fortunately, the results show that business stakeholders now understand that digitizing processes will improve the accuracy of their data. Most (80 percent) agreed that process automation is critical. All respondents confirmed that they benefit from additional technological capabilities for intercompany transactions. Half of the respondents pointed out that automated intra-company analytics and reporting are at the top of their wish list.

blackline.com

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Work on SAP Basis is crucial for successful S/4 conversion. This gives the so-called Competence Center strategic importance among SAP's existing customers. Regardless of the operating model of an S/4 Hana, topics such as automation, monitoring, security, application lifecycle management, and data management are the basis for the operative S/4 operation. For the second time already, E3 Magazine is hosting a summit in Salzburg for the SAP community to get comprehensive information on all aspects of S/4 Hana groundwork. With an exhibition, expert presentations, and plenty to talk about, we again expect numerous existing customers, partners, and experts in Salzburg. E3 Magazine invites you to Salzburg for learning and exchange of ideas on June 5 and 6, 2024.

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Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

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Early Bird Ticket - Available until 29.03.2024
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Regular ticket
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Event Room, Hotel Hilton Heidelberg,
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Event date

28 and 29 February 2024

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Regular ticket
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The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.