BlackLine To Unveil New Solutions And Innovations For Finance & Accounting In Front Of 15,000+ Registrants At Company’s Largest Annual User Conference Ever | News

LOS ANGELES, Nov. 16, 2020 /PRNewswire/ — Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) today announced new products as well as updates to its flagship cloud platform designed to further enable Finance & Accounting (F&A) departments to transform and modernize their operations.  The new features and solutions will be unveiled this week in front of more than 15,000 registrants at BlackLine’s annual global user conference BeyondTheBlack™ 2020: The Modern Accounting Virtual Experience.

Highlights of BlackLine’s enhanced platform functionality and new offerings include:

BlackLine Cash Application to Simplify the Order-to-Cash Process
BlackLine is launching BlackLine Cash Application.  Using AI and machine learning, BlackLine Cash Application enables organizations to manage cash flow and cash collection in how to monitor remote employees real time, simplifying the order-to-cash process by automating both the collection and allocation of customer cash.  The launch marks BlackLine’s entrance into the accounts receivable automation market

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What Is Invoice Financing? | US News

Invoice financing is a way for businesses to borrow against unpaid invoices. With invoice financing, sometimes called accounts receivable financing, you sell accounts receivable to a lender instead of waiting for customers to pay their invoices.

You can get payment immediately, but this financing option has its downsides. Read on to see how invoice financing works and whether it is a good idea for businesses that need funds.

What Does Invoice Financing Mean?

Invoice financing is a term that applies to products that alleviate the financial pressure of waiting for customers to pay their invoices.

Companies use invoice financing to shorten their cash conversion cycle, or the time they need to convert their investments in inventory into cash, says Bob Castaneda, director of Walden University’s accounting and finance programs.

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This short-term borrowing solution “helps companies to fund their working capital needs, such as paying employees, suppliers and other

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EU Watchdog Slams Germany for Lapses in Wirecard Fraud | Investing News

By Huw Jones and John O’Donnell

LONDON/FRANKFURT (Reuters) – Germany failed to do enough to avert the Wirecard fraud, the European Union’s markets watchdog said on Tuesday as it delivered a highly critical verdict on the country’s handling of its biggest post-war corporate scam.

Wirecard’s former Chief Executive Markus Braun and other executives have been held on suspicion of running a criminal racket that defrauded creditors of 3.2 billion euros ($3.73 billion).

Those accused, including Braun, deny any wrongdoing.

The European Securities and Markets Authority (ESMA) began a fast-track review in July into how Germany’s markets regulator BaFin and the country’s accounting watchdog the Financial Reporting Enforcement Panel (FREP) enforced EU transparency rules governing company information for markets and investors.

ESMA said in a rare 190-page rebuke of another regulator that it found a number of deficiencies, inefficiencies and legal and procedural impediments relating to BaFin’s independence from issuers and

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