BlackLine Systems Doubles Revenues, Head Count In 2008
COMPANY ALSO SURPASSES 20,000-USER MARK FOR ACCLAIMED ACCOUNT RECONCILIATION, FINANCIAL CLOSE SOFTWARE SUITE
Calabasas, Calif. - March 18, 2009 - In an economy where many companies are scaling back, BlackLine Systems continues to forge ahead, doubling its revenue figures and number of employees in 2008. The financial software provider also has exceeded 20,000 users of its flagship account reconciliation and financial close software suite.
“The bottom line is that a spreadsheet approach to reconciliations no longer reflects a ‘best practices’ methodology for companies,” Therese Tucker, CEO and founder, BlackLine, said. “Because BlackLine helps companies cut costs while improving their internal processes, we were able to show strong growth last year that we expect to carry on this year and beyond. BlackLine can help companies of all sizes by automating their financial close process, saving time, money and headaches in the end.”
To meet the increased demand for its software and ensure customers are kept happy, BlackLine added a number of people to its employee roster in 2008, as well.
“As we grow, it’s critical that we uphold the level of customer satisfaction and service that our long-standing clients have come to know and expect. To this end, we added a number of positions during the year. Amidst a downturn in the economy, we’re happy to be able to create jobs,” Tucker added.
Founded in 2001, BlackLine Systems was the pioneer of Balance Sheet Account Reconciliation software applications. An experienced provider of software to Fortune 1,000 companies, BlackLine provides quick-to-implement, scalable and easy-to-use applications that, for the first time, automate the entire financial close process and help improve financial controls for companies of all sizes. BlackLine software applications complement and are an integral component of existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
BlackLine offers customers a choice between enterprise or OnDemand delivery. With a proven track record and a commitment to customer success, BlackLine seeks to reduce the effort the financial close places on the CFO. For more information, please visit www.blackline.com