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New Accounts Receivable Intelligence Solution From BlackLine Enhances Strategic And Operational Decision-Making For Global Businesses
BlackLine AR Intelligence optimizes working capital by boosting payment predictabilityand improving collections forecasting
Managing debtors and the overall assessment of customer payment behaviors has never been as critical as it is in today's economic climate. Businesses need to make decisions based on accurate, real-time intelligence. BlackLine AR Intelligence takes the strategic value of
"Now more than ever, business resilience and cash management is top of the agenda. BlackLine AR Intelligence provides our customers with a deep understanding of the financial risks and opportunities within their customer bases, unlocking data either previously not available to them or that took days and weeks to generate manually," said
More than
- Customer Behavior Insights: Sales and payment performance data, such as invoiced sales by month and cash by month, and the correlation/variance between the two.
- Payment Terms v. Cash Collected: Ability to track and measure payment terms, outstanding balances, cash collected and debt positions across the customer base and see how customers actually pay against those terms.
- Payment Forecasting: Ability to forecast weekly collections and measure accuracy by using real-time customer payment behavior.
- Sales Ledger Analysis: An analysis of the relationship between volume of customers and value of debt outstanding, e.g. debt by value, count of invoices by value, count of customers by value.
- Bank Utilization: Ability to see customer accounts linked by the same bank details or sales ledger accounts linked by payee details to see how customers are paying and for which accounts, leading to a better understanding of overall exposure/risk.
- Days Sales Outstanding (DSO): Automated calculations around the time it takes to collect payment, such as cash collected last month, customers by balance, customers with the most debt and debtor day value by month.
"BlackLine AR Intelligence is a natural complement to our Cash Application solution, delivering on our vision to be the most indispensable platform for the controller," added
Here's what customers are saying about their experience using BlackLine AR Intelligence:
- "A strategic review and a dynamic approach to collections. Have not seen any other solution to get to this level of data."
- "Enhances operational performance to see problems which would normally be overlooked because we don't have the data."
- "Very powerful and easy to use; of great value to us, particularly from a management perspective."
- "Love the fact that we evaluate what is happening across our customer base in depth and quickly."
- "The real power is having all of the data at my fingertips rather than spending hours creating reports."
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This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expect," "plan," anticipate," "believe," "estimate," "predict," "intend," "potential," "would," "continue," "ongoing" or the negative of these terms or other comparable terminology. Forward-looking statements in this release include statements regarding our growth plans and opportunities.
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SOURCE
Ashley Dyer, PR Director, BlackLine, 818-936-7166, ashley.dyer@blackline.com