Maximize Financial Close Efficiency

SAP Account Substantiation and Automation by BlackLine

This model is designed to explore the estimated business benefits for the implementation of SAP Account Substantiation and Automation by Blackline, based on a few metrics for typical financial close challenges.

The model is interactive and any figure may be changed any point with the resulting impact on the benefits shown immediately. Where is the numeric input as requested, you can enter an integer value into the box or use the slider provided.

You may use the Print option within your browser at any time to print the information that is displayed.

You can use the Save / Load buttons to save the values that you have entered into local storage on your personal computer. Once saved the data to maybe re-loaded into the model. Please note that your data is only saved locally and can't be transferred to another computer.

The model includes some preset data values and likely improvement ranges that you can be changed by using the assumptions button to open the panel containing that information.

Streamline the Close Process

Item Value
   
Number of accounts needing substantiation
   
Number of users involved with task workflows
   
Hours spent by user on task management per month

Automate Account Substantiation

Item Value
   
Scheduled substantiations
   
System-to-system substantiations
   
Detailed substantiations
   
Number of manual journal entries per month
   
Minutes spent by preparer and reviewer per entry

Reduce Audit Costs

Item Value
   
Minutes spent on each internal audit request
   
Percentage of accounts internal auditors review
   
Number of accounts subject to internal audit review
   
Number of internal audit cycles per year
   
Minutes spent on each external audit request
   
Percent of accounts external auditors review
   
Number of accounts subject to audit
   
Number of external audit cycles per year
   
Monthly cost of printing
   
External storage costs per month
   
Storage drive costs per month

Mitigate Risk

Item Value
   
The risk of disclosures or restatements (see help text for details)
   
Number of additional hours spent by internal and external auditors
   
Number of additional travel cycles by audit teams
   
Number of incremental hours by the accounting team

Results

Your Total Annual Savings

Annual Savings
$ 1,550,000
Learn more ...
Conservative Likely
   
Streamline Substantiation
   
Streamline Task Management
Sub-Total
Conservative Likely
   
Average savings from automation substantiation
   
Streamline and Automate Journal Entries
Sub-Total
Conservative Likely
   
Internal Audit Savings
   
External Audit Savings
   
Save on Paper and Storage Costs
Sub-Total
Conservative Likely
   
Risk adjusted savings reduced 90% for conservatism
Sub-Total
Conservative Likely
   
Streamline Substantiation
   
Streamline Task Management
   
Average savings from automation substantiation
   
Streamline and Automate Journal Entries
   
Internal Audit Savings
   
External Audit Savings
   
Save on Paper and Storage Costs
   
Risk adjusted savings reduced 90% for conservatism
Total Annual Savings