BlackLine said recently that it has unveiled BlackLine AR Intelligence, the latest offering in its portfolio of accounts receivable (AR) automation solutions designed to complement its broader financial operations management platform.
BlackLine AR Intelligence enables customers to manage financial risks and opportunities by providing access to real-time, actionable data to help them understand their customers’ financial behaviours and use the information to impact strategic and operational decision-making, the software company noted.
“BlackLine AR Intelligence delivers real-time credit, debt and sales insights that benefit not only the accounts receivable, credit management and order-to-cash departments, but other senior stakeholders such as the CFO, Office of the Controller, Treasury and even the CRO/Sales team, enabling companies to reduce risk, improve forecasting, optimize working capital and grow revenues by analysing precise customer payment and credit behaviours,” said Kevin Kimber, managing director of BlackLine’s global accounts receivables business unit.
BlackLine said that more than US$187 billion of payments were applied through BlackLine Cash Application in 2020.
By adding BlackLine AR Intelligence, customers gain critical business insights to manage risk, cash flow and collections, as well as real-time analysis and reports, the firm noted.
According to BlackLine, pre-configured, interactive dashboards display information such as customer behaviour insights, payment terms v. cash collected, payment forecasting, sales ledger analysis, bank utilisation, and days sales outstanding.
