BlackLine Systems Honored Alongside Cisco, IBM, Microsoft as Two Customers Win Nucleus Research Tech ROI Awards
AT&T, MEADWESTVACO SHOW ENORMOUS ROI AFTER IMPLEMENTING BLACKLINE’S ACCOUNT RECONCILIATION SOFTWARE
Calabasas, Calif. - August 27, 2009 - Nucleus Research has selected two BlackLine Systems customers – AT&T and MeadWestvaco – as 2009 recipients of its Technology ROI Award for their implementations of BlackLine’s account reconciliation and financial close software suite. The Nucleus Technology ROI Awards recognize 10 companies whose skillful IT deployments have produced a positive, bottom-line financial return on investment (ROI).
“The AT&T and MeadWestvaco implementations of BlackLine’s software are model examples of how IT investments closely aligned to business goals can deliver significant ROI,” said Rebecca Wettemann, vice president of research, Nucleus Research.
BlackLine’s implementation at AT&T resulted in a 689 percent ROI and full project payback in less than two months, as determined by Nucleus Research. AT&T also reports saving more than $1.6 million annually since using BlackLine. A similar case study conducted by Nucleus showed that MeadWestvaco achieved 495 percent ROI and also saw project payback in just two months.
“What’s even more remarkable,” Therese Tucker, CEO of BlackLine, said “is that one of these companies achieved their ROI by switching from a competitor’s product. We are delighted with this independent validation of the BlackLine advantage.”
Other award recipients utilized technology from Cisco, Microsoft and Salesforce.com. However, only BlackLine and software giant IBM’s Cognos placed two clients in the prestigious top ten.
For more information on Nucleus Research or the Awards, go to ROIAwards.com.
Founded in 2001, BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution. An experienced provider of software to companies from the Fortune 100 to beyond the Fortune 1,000, BlackLine provides quick-to-implement, scalable and easy-to-use applications that automate the entire financial close process to 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 clients its enterprise-class software in an easy to implement OnDemand/SaaS platform. 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.
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