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.
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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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/.