B2B Payments

Capgemini Teams With BlackLine To Help Organizations Streamline F&A

Capgemini, BlackLine To Help Streamline F&A

In an effort to help organizations optimize their accounting and finance procedures, Capgemini has joined forces with BlackLine Inc. for a global strategic alliance. Companies will be able to keep taking in, validating and offering timely as well as correct financial information needed for reporting with the centralization of key financial and accounting (F&A) operations in the cloud platform of BlackLine, according to an announcement.

“This collaboration will play a critical role in the expansion of our finance and accounting capabilities. It is a positive step that enhances Capgemini’s best-in-class Digital Global Enterprise Model, and our Record to Analyze capabilities,” said David Lumley, head of the Finance Powered by Intelligent Automation Practice for Capgemini’s Business Services Global Business Line. “It reinforces our customer-centric approach by driving improved outcomes for today’s rapidly changing business environment.”

Capgemini said it would provide additional flexibility to its customers, as it assists them with transitioning from traditional manual accounting procedures to a modern accounting experience. As it stands, BlackLine and Capgemini are working together on an Capgemini customer based in the United States in the chemical vertical to bolster its utilization of the account reconciliation, journal entry, task management and Smart Close technologies of BlackLine.

BlackLine’s technologies, which are based on the cloud, change F&A by automating, simplifying and centralizing intercompany accounting processes, financial close work and other essential procedures.

Marc Huffman, BlackLine president and chief operating officer, said in the announcement, “As a world leader in digital transformation and technology services with presence in approximately 50 countries and an extremely strong presence in Europe, Capgemini is at the forefront of innovation and well-positioned to address the entire breadth of client opportunities.” Capgemini, for its part, has 270,000 team members in nearly 50 nations.

In separate news, the Competition Commission of India (CCI) gave the go-ahead of the merger of Capgemini and Altran Technologies SA per news last September. The total cash consideration was to come out to €3.6 billion, with the exclusion of net financial debt per news at the time.

——————————

NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

TRENDING RIGHT NOW