Calabasas, CA – June 18, 2008 - An adapter that will permit accounting departments to leverage the investment they have made in Oracle’s Hyperion Financial Data Quality Management to move data to the BlackLine Systems Balance Sheet Account Reconciliation module is now available. The adapter was developed by DataFusion Consulting Group, a leading provider of data integration solutions for Oracle’s Hyperion products, and will be sold and marketed by BlackLine’s sales force.
Many major corporate customers use Oracle’s market leading Hyperion Financial Data Quality Management, along with applications such as Hyperion Financial Management and Hyperion Enterprise, for financial consolidations. With the new adapter, these customers will be able to push data to BlackLine’s Account Reconciliation module through DataFusion’s BlackLine Adapter seamlessly, increasing control over the data, reducing errors and speeding up the reporting process. The new module will also align the reconciliation process with the financial close process and facilitate meeting Sarbanes-Oxley requirements.
Oracle’s Hyperion Financial Data Quality Management is an application that delivers information to Oracle’s Enterprise Performance Management system in a controlled fashion, applying validations and delivering an audit trail.
“Users of Hyperion Financial Quality Data Management can now simply plug in the DataFusion BlackLine Adapter and use our Account Reconciliation module,” said Therese Tucker, Chief Executive Officer of BlackLine. “The benefit to the CFO’s organization is that it allows them to leverage the investment they made in Oracle’s Hyperion Financial Data Quality Management and use one data set for both financial reporting and balance sheet account reconciliations, ensuring the integrity of the financial statements reported to stakeholders.”
BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralising and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize enterprises. Designed to complement ERP and other financial systems, BlackLine’s cloud platform increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation.
BlackLine’s mission is to continuously improve the quality, accuracy and efficiency of Finance and Accounting by centralising key functions within a single, unified cloud platform. Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day activities. BlackLine helps companies modernise accounting operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close. To date more than 2,800 companies with users in over 130 countries around the world trust BlackLine to help ensure balance sheet integrity and confidence in their financial statements.
BlackLine is recognized by Gartner as a Leader in its 2019 Magic Quadrant for Cloud Financial Close Solutions.
Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney servicing its 14 global locations.For more information, please visit https://www.blackline.com/.