Top 10 Financial Control and Automation Companies 2019
BlackLine: The Fast Track to Achieve Modern Finance

Top 10 Financial Control and Automation Companies 2019

The emergence of financial control and automation solutions is transforming the industry by allowing organizations to adhere to business plans and rollout quick amendments in case of anomalies, irregularities, or unforeseen changes within business processes. Gone are the days when accountants had to spend long hours optimizing the company’s financial statements during the end of a month. Today, software solutions that automate vital financial tasks such as accounts reconciliation, journal entries, and financial statements, enable companies to eliminate human errors and streamline their operations. Advanced finance control and automation solutions that leverage cloud, AI, machine learning, and blockchain are being employed to improve an enterprise’s core accounting and financial processing.

Cloud-based management tools empower financial organizations to efficiently monitor their accounting and financial processes with real-time visibility into daily operations. The rise of AI and machine learning-powered software solutions are used to drive accuracy in accounting by eliminating the burden of manual bookkeeping, saving valuable human resources to deal with essential accounting issues. In the wake of ever-evolving regulatory requirements in the industry, companies are also leveraging blockchain technology to streamline their financial reporting, thereby staying on par with the compliance mandates of the current day and age.

Regardless of an organization’s size, financial control and automation software have become crucial prerequisites to boost efficiency and profitability in a business. However, in the current competitive market, it can be troublesome for companies to choose the right solution provider from the multitude of vendors in the market. To help them carry out this task with ease, a distinguished panel of CEOs, CIOs, VCs, industry analysts, and CFO Tech Outlook’s editorial board has narrowed down the selection of industry leaders to a list of 10 forerunners in the finance arena.

We present to you the “Top 10 Financial Control and Automation Solution Providers - 2019.”

Top Financial Control and Automation Companies

Artsyl Technologies provides solutions for business process automation, to eliminate the hassles caused by manual invoice processing. Artsyl focuses on delivering products and solutions for smart process technology to companies of all sizes and kinds, offering intelligent automation for routine company procedures so that your organization can do more with less manual work. Artsyl is definitely one of the fastest-growing Smart Process Technology companies worldwide with an attractive partner program, flexible pricing, and great support. With its robust, versatile, and intuitive technology, the company has been solving complicated client business process issues for over a century

www.artsyltech.com

BlackLine is a leading provider of cloud-based solutions that transform finance and accounting by automating, centralizing and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large enterprises and midsize organizations. Designed to complement all ERP and other financial systems, including SAP, Oracle and NetSuite virtually, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from within a single, unified cloud platform. BlackLine helps companies modernize F&A operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close

www.blackline.com

Pivot develops software solutions to bridge the gaps that SAP Concur fails to address. PivotPrime, a full-circle project expense management solution, which focuses on the accounts receivable side of the business. While Concur Expense, a module of SAP concur helps in automated, fast, and accurate cost tracking and reporting project expense allocations at granular levels, PivotPrime uses all the Concur data including receipt images and discrete project details creating statements for each client and project. Apart from helping businesses reconcile their account receivable, Pivot helps them to connect their Concur Expense and Concur Invoice with popular ERP/accounting applications through PivotNexus

www.pivotpayables.com

SkyStem is a provider of account reconciliation application for organizations seeking to streamline their financial processes. ART is the company's flagship solution, which is an enterprise technology helping CFOs and Controllers shorten the month-end close and time to issue financials by automating balance sheet reconciliations. The web-based solution streamlines and eliminates up to 90 percent of manual activities while strengthening internal controls and corporate governance. This company brings soul to the software by providing intelligent and intuitive solutions that provide customers the opportunity to focus on more dynamic and fulfilling work

skystem.com

V3 Information Management is an informative management solutions provider focused on content and document management and document repository solutions. V3 lets the employee use a personalized dashboard to view and access any content stored at an organization from a central repository. It helps in automating a company's unique business processes and workflows within departments or across the enterprise. V3 Information Management secures critical information for corporate and regulatory compliances. V3 specializes in post-implementation success and has a clear strategy and plans while working with clients

v3informationmanagement.com

AutoRek

AutoRek

AutoRek is a provider of regulatory reporting, financial controls, and data management solutions Implemented in many of the world's largest organizations. It is a powerful data management tool which encompasses integrity and validation of data, automated reconciliations, workflow and case management, and timely and meaningful management information. AutoRek has been implemented in many of the world's largest organizations, as their range of deployments varies from high volume data migrations to mitigation of operational and regulatory risk. The solutions of AutoRek provider are purpose-built to improve the quality and efficiency of financial data management

Beanworks

Beanworks

Beanwords is an Accounts Payable (AP) automation solution provider designed to save time and money for the users using automation workflows for managing and approving invoices. It is modernizing the entire AP process, starting from the purchase decision to invoice approval with electronic payments. The company is helping businesses to streamline their invoice-to-payment strategies by eliminating paperwork and reduce invoice processing costs by at least 50 percent. Beanworks is empowering accounting teams to succeed by automating AP by making them efficient and straightforward

Canopy

Canopy

Canopy is a professional tax software provider for the modern accounting practice. It focuses on tax resolution and practice management software for the modernized tax professional and accountant. This company provides the easiest way for tax practitioners to manage their tax workflow. Accountants can easily store private files and share files with the client. It can sort, discover, and add email attachments to the correct client matter, automatically. Canopy helps in creating tax and accounting software that will simplify the practice to help more clients. The company's tax resolutions let accountants shave hours off every case with smart automation and instant calculations

Computhink

Computhink

Computhink is revolutionizing business environments with an array of integrated digital business solutions. The company is the developer of the Contentverse Document Management System that alleviates overwhelming information input and related office document processes in a secure environment. Contentverse can be deployed in multiple environments and accessed via the web and through web access. Computhink focuses on implementing the best possible document management software accessible to businesses across the globe. The company offers robust ECM offering that houses analytics capabilities to enhance and streamline business operations

FloQast

FloQast

FloQast is close management software provider built by accountants for accountants to close the books faster and more accurately. This company is built for accountants to integrate with the existing systems and checklists seamlessly; to work the way a team does with increased visibility & centralization for every month-end close. It builds cloud-based software that manages accounting departments by centralizing the workflow, maintaining supporting documentation, assigning tasks, and automating reconciliations. The organization offers Close Management Software for accountants, by accountants to close the books faster and accurately