Creating An Ecosystem Environment With BlackLine, Your

Creating an Ecosystem Environment with BlackLine, your ERP, and other financial applicationsMarch 2021

Defining finance transformationA finance transformation mindset is the expectation that organizations will maintain day-to-day businessoperations while also managing a changing technology and risk environment that impact the ability forfinance to evolve alongside the core businessFinance transformationFinance &AccountingTechnology &DataRisk &ControlsRegulatory &ComplianceCyberSecuritySegregatedClear ompleteAll transactions areprocessed throughcompletionAuditableControls are auditreadyComplianceDrive complianceacross theenterpriseSecureInformation isproperly protectedEfficientWorkflow ,customers, vendorsStandardGlobal policy withcommon proceduresTimelyPerformed in time todetect errorsPolicyProvide guidanceIntegrityInformation andbrand are protectedFocus AreasGovernanceDeloitteCopyright 2020 Deloitte Development LLC. All rights reserved.2

Digital transformation challenges in the market todayWe see the market responding in a variety of ways to digital transformation challenges. These includeorganization’s desire to automate but concern of a lack of consistent return, challenges of working in a siloedenvironment, and difficulty in effectively automating cross-solutionNo one solution cansolve all problems –how to effectivelyautomate crosssolutionTransformationjourney can feel toolarge and allencompassing to beeffectiveCopyright 2020 Deloitte Development LLC. All rights reserved.Challenging to get allbusinessstakeholdersaligned andbreakdown silosDifficult to get aconsistent returnacross automationplatforms andfinancial systemsDigital transformationappears extremelyexpensive and timeconsumingFinding resourcesto support digitaltransformationalongside existingwork is difficult3

Creating an Ecosystem Environment between BlackLine and other systems2Non-ERP data(i.e., subledgers, 3rdparty data)3 General ledgerbalances Subledger balances Currency ratesTask ManagementRelated pointsolutionsAnalytics toolsAccountReconciliations1Core ERP(s) Transactions Open itemsReportingautomation toolsVariance AnalysisIntercompany HubJournal entriesTransactionMatchingFinancial planningtoolsJournal EntryCopyright 2020 Deloitte Development LLC. All rights reserved.4

1 - Core ERP(s) data integration2Non-ERP data(i.e., subledgers, 3rdparty data)3 General ledgerBalances Subledger balances Currency ratesRelated Pointsolutions Consider Single ERP or Multi ERPenvironments Review ERP upgrade plan andfuture roadmap Determine any impending M&Aactivity that may impactintegrationVariance Analysis Review the level of data in ERP vs.what is needed in BlackLine toconfirm alignment and efficiencyIntercompany Hub Coordinate with IT early toconfirm integration with ERPsystem administrators Collaborate with ERP owners onhow Chart of Accounts (COA)design impacts BlackLine Review audit accountsubstantiation needs between ERPand BlackLineTask ManagementAnalytics toolsAccountReconciliations1Core ERP(s) Transactions Open itemsJournal EntriesReportingautomation toolsTransactionMatchingJournal EntryCopyright 2020 Deloitte Development LLC. All rights reserved.Suggested practicesFinancial planningtools5

2 – Non-ERP data integration2Non-ERP data(i.e., subledgers, 3rdparty data)3 General ledgerbalances Subledger balances Currency ratesTask ManagementRelated PointsolutionsAnalytics toolsSuggested practices AccountReconciliations1Core ERP(s) Transactions Open itemsReportingautomation toolsVariance AnalysisConsider integrations with nonERP data that may not currentlybe considered for integration Subledger systems Bank balances Treasury systems Point of sale systems Other external sources (i.e.customer relationshipmanagement (CRM), supplychain, inventory movement) 3rd party reports/publiclyavailable dataIntercompany HubJournal entriesTransactionMatchingJournal EntryCopyright 2020 Deloitte Development LLC. All rights reserved.Financial planningtools Utilise BlackLine’s Matchingmodule to consider how to utilisethis third party data effectively forfaster reconciliations / journalentry preparation6

3 – Related point solutions - data integration2Non-ERP data(i.e., subledgers, 3rdparty data)3 General ledgerbalances Subledger balances Currency ratesTask ManagementRelated PointsolutionsAnalytics toolsAccountReconciliations1Core ERP(s) Transactions Open itemsReportingautomation toolsVariance AnalysisIntercompany HubJournal entriesTransactionMatchingJournal EntryCopyright 2020 Deloitte Development LLC. All rights reserved.Financial planningtoolsSuggested practices Analytics ToolsPopulate BlackLine data into analyticsand visualization tools to do journalentry activity analysis, closemanagement process review, andrelated trend analysis Reporting Automation ToolsLink with financial reportingautomation tools across variousreporting needs to confirm alignmentand automation Management Reporting Financial Reporting Regulatory Reporting Financial Planning ToolsLink with financial planning tools toconfirm up-to-date financial closeinformation is included in the planningprocess7

Next steps: Operationalizing improved integrationWhen considering how to integrate BlackLine with your ERP and other applications, it is important to considerhow the Extract-Transform-Load (ETL) process will be setup to facilitate appropriate connectors and testing.By considering the use of existing connectors, transforming underlying processes and using APIs,organizations will speed up the ability to connect and naturally improve automationCore ERP(s)dataNon-ERPdataExtract Manual Scheduled Related pointsolutions Transform Notransformation Enrich CleanLoad Manual Simple FileTransferProtocol (SFTP)ConnectorsCustom TransformationRecommended approach for improved efficienciesCopyright 2020 Deloitte Development LLC. All rights reserved.ApplicationProgrammingInterface AnalysisIntercompanyHubTransactionMatchingJournal Entry8

Tips for efficient integrationStandardiseStandardise data sources to confirm data does not require complex cleansing before upload into BlackLineThink aheadConsider business direction and planning and design the system to be flexible for future growth, capture anyprocess enhancements or changes before system implementation including governance structurePreparePrepare a change management and training plan. Allow adequate time and resources for getting users up tospeed.DesignateDesignate a system ownership and maintain schedule and structure. Ask questions to determine what parts of thesystem may be maintained by the business.DocumentDocument technical specifications, integrations, landscapes and design decisions for future referenceStay tunedSubscribe to webinars, newsletters and conferences from your solution vendor to capture systemenhancements, leading practices and additional use casesCopyright 2020 Deloitte Development LLC. All rights reserved.9

Deloitte ContactsJonathan is focused on close to report transformation. He isa Chartered Accountant and Certified Blackline and ConcurImplementation Partner. He has significant experience infinance diagnostics and improvement,including theimplementation of various finance enablement technologies.Nick specialises in Digital Controllership and leadingDeloitte’s BlackLine practice in Australia. Nick brings over12 years experience with a particular focus on nciliation tools, finance close processes, Pimplementations.Nick YapPartnerTel: 61 411 957 049E-mail:niyap@deloitte.com.auNick’s strategic focus on Digital Controllership, inparticular BlackLine, has seen him deliver successfulglobal programs for a broad range of clients, including theFSI industry.Jonathan LeiperPartnerTel: 61 450 767 916Email:joleiper@deloitte.com.auChristopher has a passion for technology enabled financetransformation and is the Queensland lead for the DigitalControllership practice.Ann has been involved in more than 300 BlackLineimplementations regionally and globally during the last 9years and she is currently building and leading theDeloitte APAC BlackLine Centre of Excellence.Ann FurlongDirectorAnn is a Certified Chartered Accountant and certifiedBlackLine Implementation Consultant. Prior to joiningDeloitte in Dec 2018, Ann was employed with BlackLinefor 8 years leading Implementations.Tel: 61 416 084 052E-mail:afurlong@deloitte.com.auCopyright 2020 Deloitte Development LLC. All rights reserved.Jonathan has led a variety of large scale FinanceTransformation projects across the Financial Services andProperty sectors and has a proven track record in his clientservice delivery.Chris BrownDirectorHe is a Chartered Accountant and BlackLine CertifiedImplementation consultant and has over the last 5 yearssuccessfully implemented BlackLine and other Finance CloseAutomation solutions for a number of clients.Tel: 61 415 952 117Email:chrbrown@deloitte.com.au10

This presentation contains general information only and Deloitte is not, by means of this presentation, rendering accounting, business, financial, investment, legal, tax, orother professional advice or services. This presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or actionthat may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.Deloitte shall not be responsible for any loss sustained by any person who relies on this presentation.As used in this document, “Deloitte” means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of our legal structure.Certain services may not be available to attest clients under the rules and regulations of public accounting.Copyright 2020 Deloitte Development LLC. All rights reserved.

particular BlackLine, has seen him deliver successful global programs for a broad range of clients, including the FSI industry. Ann has been involved in more than 300 BlackLine implementations regionally and globally during the last 9 years and she is currently building and leading the Deloi