EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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Operational Close Management
Many organizations still manage financial closure by hand, but smart technology can improve efficiencies and unlock new value.
Your business challenge
- When businesses manage financial close manually, they leave themselves open to error, delays and potential risk.
- Organizations have thousands of daily data points across departments and vendors.
Solution benefits
- Using new tools to automate, standardize and accelerate routine processes can help your team focus on high priority tasks.
- By integrating data sources for better visibility it’s possible to create insights that optimize workflows, improve daily processes and ensure accuracy of critical reporting.
Solution features and functionality
Automate repetitive tasks like journal entries and reconciliation, reducing errors and saving time.
Many organizations still rely on manual processes and documentation like Excel sheets as part of their ongoing accounting processes. It's a practice that can lead to human error, inconsistencies and inaccuracies for financial reporting, significantly draining labor and accelerate risk at a critical time for the financial function.
Why EY
Combining BlackLine’s custom suite of financial closure products with a proven EY approach to business transformation, OCM can help make a direct impact on your bottom line and business future starting today.
Our latest thinking
How to avoid painful pitfalls in financial closure
Streamline your financial closing process with six steps. Overcome common pitfalls, boost efficiency and unlock long-term success. Learn more.
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Eliminate errors. Elevate efficiencies.
Begin your OCM journey today.