LOS ANGELES – April 5, 2012 – Financial software provider BlackLine Systems has established an alliance with U.S. audit, tax and advisory firm KPMG LLP to bring industry leading software and professional services to clients.
KPMG has been providing advisory services around clients’ implementation of BlackLine software in North America and Europe for more than four years, helping numerous Fortune 1,000 BlackLine clients optimize their financial close process and extract enhanced value from their BlackLine application. KPMG provides assistance with leading practices, implementation and rollout methodologies through its Finance Governance and Technologies (FGT) practice.
“We see this alliance between BlackLine and KPMG to be a natural extension of the successful relationship we’ve experienced over the past several years. We’ve teamed with BlackLine on numerous implementation projects and have enabled our clients to realize the planned benefits by providing high quality resources,” Hakan Aytekin, partner, KPMG LLP, said. “We have also seen that, if implemented properly, technology solutions such as BlackLine can provide measurable value both with enhanced internal process controls, as well as efficiencies gained through the digitization and automation around various accounting processes. Thanks to this alliance, we believe that companies that choose the BlackLine solution will enjoy the confidence of a comprehensive and customized deployment – with KPMG’s proven deployment methodology, knowledge of leading practices and skilled resources, combined with BlackLine’s technical expertise.”
Many large, and often times global, organizations have already benefited from working with BlackLine and KPMG.
“KPMG provided extremely valuable insight during the selection of an automated account reconciliation tool for a large manufacturing company client we serve at Xerox. The insights they provided helped bring clarity to the selection process and our client ended up choosing BlackLine,” Robb Kevers, account executive, Xerox, said. “KPMG then played a pivotal role in the implementation of BlackLine’s Account Reconciliation and Task Management modules with KPMG and BlackLine working closely with our internal resources by providing onsite support, additional training, quality assurance and guidance on best practices for configuring the software. The efficient work of both BlackLine and KPMG allowed our team to complete the project in a timely manner and their inherent knowledge across the board gave us the confidence that we had deployed BlackLine effectively for our client.”
“Zurich North America benefited tremendously from the KPMG and BlackLine Alliance – with BlackLine providing back-end technical expertise, while KPMG supplied onsite, day-to-day support implementing the software,” said Laura Darbro, vice president, Close Operations and General Accounting, Zurich North America. “The Zurich project was large and quite complex in scope, as we were implementing several BlackLine modules at once for a large number of users. Thanks to the quality, knowledge and highly skilled resources from KPMG and BlackLine, we began to see tangible benefits and notable ROI in less than a year.”
Under this alliance, KPMG will continue to provide its advisory and implementation services for account reconciliations, data matching, close cycle management and other related finance transformation projects and BlackLine will enable these efforts through its BlackLine Financial Close Software Suite solution.
KPMG is among a growing number of firms with consultants who are ‘BlackLine Certified Implementation Professionals,’ having completed a comprehensive training course designed to give others the necessary skills to implement the BlackLine Financial Close Software Suite. KPMG has more than 70 consultants globally who have successfully completed training.
“We rely on companies such as KPMG that have extensive experience in finance transformation to provide additional value to our clients,” Therese Tucker, CEO, BlackLine Systems, said. “KPMG has been a key partner, providing candid feedback on our software and suggesting enhancements to meet the needs of the large organizations they are serving. We’ve been honored that KPMG has shown such a commitment to getting consultants trained to implement our software, but having a formal alliance in place takes our relationship to a much more strategic level.”
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/.