Woodland Hills, Calif. – April 19, 2011 – Financial software provider BlackLine Systems today announced it is a 2011 SAP® Pinnacle award finalist in the Software Solution Newcomer of the Year category. SAP Pinnacle awards are presented annually to leading SAP partners that have excelled in developing and growing their partnership with SAP (NYSE: SAP) and driving customer success. Winners were selected based on over 150 nominations in 18 categories received from partners and SAP employees.
BlackLine is an SAP software solution partner and a participant in the SAP EcoHub solution marketplace. The BlackLine 5.1 solution has also achieved SAP-certified integration with SAP solutions.
This achievement follows a number of other recent accolades for BlackLine and the company’s CEO & Founder Therese Tucker. In October 2010, Accounting Today named Tucker to its “10 Worth Watching” list of “pioneers in the accounting profession.” BlackLine also ranked 61st nationally and 3rd in Los Angeles on Deloitte’s 2010 Technology Fast 500™. And, earlier this year, BlackLine was named a Red Herring 100 Global Winner – recognizing the company as one of the “most innovative and promising” tech ventures in the world.
Most recently, the San Fernando Valley Business Journal honored Tucker as a “Woman of the Decade” for her accomplishments in building and growing the software company over the past several years.
BlackLine revenues were up by more than 50 percent in both 2009 and 2010. The company also reported its strongest quarter on record in Q1, with its sales team closing half as many new deals in the first quarter of 2011 alone – traditionally the slowest time of year for software sales – as in the entire calendar year 2010. The 2009 growth follows three sequential previous years where the company’s revenues doubled under Tucker’s direction.
Please visit BlackLine at http://ecohub.sdn.sap.com/irj/ecohub/solutions/AccountReconciliations.
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/.