BlackLine Offers DataFusion Adapter for Hyperion
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.”