Wipro Allies with BlackLine to Optimize Finance Control Automation Software

By CFO Tech Outlook | Friday, November 30, 2018

FREMONT, CA: Wipro Limited, global information technology, consulting and business process services company collaborates with BlackLine, provider of enhanced Finance Control and Automation (EFCA) software which will allow Wipro to leverage BlackLine’s platform of financial software solutions. The solutions include Financial Close Management, Intercompany Hub, Reconciliation Management and Controls Assurance delivered as a cloud-based service.

The BlackLine Finance Controls and Automation Platform will provide organizations competitive advantage over the market by transforming their existing finance and accounting into “smart finance” by automating key processes and reducing manual efforts. It enforces controls and allows CFOs to draw maximum benefits with help of automated task management, complete audit trail, automatic matching and automation certification functions. This will improve internal policies, including SOX compliance.  

"The BlackLine suite of finance controls and automation products provides a clear platform for our client organizations to support and lead the business improvement and process simplification objectives for their finance and accounting operations. We believe that this partnership will help drive change and standardization across people, processes, data, technology tools and the quality of financial reporting for our clients," says Tomas Romero, Global Finance & Accounting Transformation Practice Leader, Consulting Services, Wipro.

 Some of the key objectives of the partnership are: to deliver value to its clients, improve their presence globally and open new market opportunities.  This will also open the doors for the next generation of finance delivery models for Shared Service Centers or retained organizations.

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