The Sarbanes-Oxley Act (SOX) of 2002 established accountability for the accuracy of financial statements and increased oversight and penalties for misrepresentations. Section 404, Management Assessment of Internal Controls, requires companies to institute internal controls and procedures around financial reporting.

BlackLine’s Finance Controls and Automation Suite is used by many companies to put such controls in place. It allows you to book journal entries, complete account reconciliations, analyze fluctuations in accounts, and prepare financial statements using an integrated set of secure tools. With quick, easy implementation and integration with any ERP system, you can both achieve compliance and improve the efficiency of your accounting operations today.

• Controls around accuracy of numbers (even if they change during the close cycle).
• Segregation of duties, with appropriate levels of review.
• Timeliness in performing close activities.
• Online document repository to store and protect supporting documentation.
• Real-time visibility into close activity and accounting operations.