EY and BlackLine bring their global partnership to India

13 November 2019 Consultancy.in 3 min. read
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Following on from a year-long global partnership, EY and BlackLine have decided to join forces in providing finance process automation solutions for businesses in the Indian market as well. The duo will work on developing new solutions as well as providing support with automating established functions.

BlackLine is a California-based computer software firm, and the pair have been serving clients across the globe for over a year now. In India, BlackLine’s contribution to the partnership comes in the form of its Continuous Accounting programme, which consists of a wide range of services.

Alongside automating tedious and repetitive accounting operations and making them significantly more efficient, the programme also works on the principle of constant improvement. As a result, management of financial data is incrementally accurate and transparent.

The programme further allows for the automation of company transactions to better align with regulatory requirements, while promoting transparency and accountability across finance processes.EY and BlackLine bring their global partnership to India

Big Four accounting and advisory EY will leverage the value of these programmes to deliver solutions to its clients in India, further endowing the offering with its own deep functional expertise.

EY India has a strong portfolio in the process automation sphere, and has off late seen its footprint in the landscape extended. Earlier this year, the firm partnered with London-based robotic process automation (RPA) firm Blue Prism to deliver Microsoft-Azure-based solutions to clients across India.

The new partnership further boosts the firm’s capabilities, while giving it more specialised capacities in the financial space.

Commenting on the partnership, EY India Partner for Advisory Services Kamalanand Nithianandan said, “We live in the age of the digital organisation wherein it’s become a necessity for the finance function to automate error-prone manual processes. EY has been helping businesses design an automation enabled transformation process that supports their journey towards becoming an agile and intelligent enterprise. Together with BlackLine, EY will enable businesses to stay adaptable, insightful and cost effective offering a unique set of tools and modules that will help improve governance and transparency both within an organisation and externally.”

Terry Smagh, Senior Vice President for the Asia-Pacific region at BlackLine added, “Our strategic alliance in India extends our longstanding partnership with EY. BlackLine and EY are uniquely positioned to help provide a foundation to CFOs for continuous improvement in their finance and accounting functions that supports their long- and short-term strategy and responds to rising competitive pressures. Together with EY’s in-depth experience and hands-on advisory services, we are confident that we will be able to meet the different requirements of Indian organisations.”