alabasas, Calif. - September 1, 2009 - Financial software provider BlackLine Systems reported its strongest quarter on record in Q2 – increasing revenues by 45 percent and signing three times the number of customers as it did in the comparable quarter a year ago. The new subscribers, including Fortune 500 powerhouse Unified Grocers, along with Four Seasons and Express Jet, join an already impressive list of BlackLine clients such as AT&T, Northrop Grumman and eBay.
BlackLine also expanded its staff during the quarter, adding a number of jobs in the local community. Many of the new additions are either CPAs by trade and/or have come to BlackLine following lengthy and successful tenures with other software industry leaders. Several new hires also have prior experience using BlackLine software and bring best practices thinking and a client perspective to the company.
With a strong performance in Q2, BlackLine continues its rapid growth and has now doubled revenues in each of the past two years.
BlackLine’s suite of account reconciliation and financial close applications saves valuable time and reduces the strain on accounting and finance departments during the close period. The software also ensures timely and accurate reporting, while giving managers the ability to better control these key financial processes.
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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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/.