BlackLine pads out capabilities within accounts receivable automation – IT Brief Australia

Accounting software specialist BlackLine has declared that business resilience and cash management is a major priority for organisations now more than ever, and this has inspired the company to release a new offering as part of its accounts receivable automation solutions portfolio.

BlackLine AI Intelligence is a new offering that provides deep insights into financial risks within a customer base, removing the need for manual data searches. The offering is designed to be used in conjunction with BlackLine Cash Application, combining real-time data collection and analytics to paint a picture of customers financial behaviours.

According to BlackLine global accounts receivables business unit managing director Kevin Kimber, the BlackLine AR Intelligence solution can also deliver real-time credit, debt, and sales insights that can be used by teams such as accounts receivable, credit management and order-to-cash.

[This can also include] other senior stakeholders such as the CFO, Office of the Controller, Treasury and even the CRO/Sales team, enabling companies to reduce risk, improve forecasting, optimise working capital and grow revenues by analysing precise customer payment and credit behaviours.

The solution includes pre-configured and interactive dashboards that display:

BlackLine states that it is actively expanding its capabilities in accounts receivable automation, particularly after its US$150 million acquisition of UK firm Rimilia in October 2020.

BlackLine made the acquisition to expand its capabilities in accounts receivable automation, adding this automation to financial close automation and accelerating BlackLine's larger, long-term plan for modernising both accounting and finance.

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BlackLine pads out capabilities within accounts receivable automation - IT Brief Australia