UK’s leading accountancy body recognises BlackLine as first Enhanced Finance Controls and Automation (EFCA) software on its scheme
BlackLine has today announced that its Finance Controls and Automation Platform is now accredited by the Institute of Chartered Accountants for England and Wales (ICAEW), in a move that will see more accounting departments and ICAEW members embracing a Modern Finance approach. One of only 20 solutions currently accredited by ICAEW, BlackLine is the first company to be recognised in the Online Financial Controls and Automation Software category.
ICAEW’s current accredited software line-up spans e-commerce products, to property management and letting software, to document management, all designed specifically for the accountancy industry. Each software solution is rigorously and individually evaluated.
Craig McLellan, manager of the ICAEW Accreditation Scheme, commented: “We are delighted that BlackLine’s Finance Controls and Automation Platform has been accredited, having satisfied our robust technical evaluation criteria. It is the first and currently the only Online Financial Controls and Automation Software to be accredited.”
BlackLine joins a prestigious line up of solutions from companies such as NetSuite, Sage and Capita. The scheme is fast becoming the benchmark for software used by accountants in both business and practice markets.
Mario Spanicciati, Chief Strategy Officer, BlackLine, added: “With a rise in companies adopting a Modern Finance approach, it’s vital that membership bodies like ICAEW are giving their members access to the latest and greatest solutions that can help them automate and control their core processes. We are very pleased to have satisfied ICAEW requirements and are honoured to be accredited.”
BlackLine recently announced it was the first company to enable Continuous Accounting, bringing real-time automation, controls and period-end tasks into daily workflows. The reduced stress of workload spikes and the ability to close daily is helping maintain higher levels of trust in the numbers. Additionally, the company’s benchmarking tool, BlackLine Insights, was listed as a Top New Product for Accounting in 2016.