NEW YORK and LOS ANGELES, May 31, 2012 – After years of working together on finance transformation projects assisting large companies in the successful implementation of BlackLine software, Deloitte, one of the largest professional services organizations in the United States, and BlackLine Systems, one of the world’s leading financial technology solutions companies, have formalized a strategic business alliance.
Under the alliance, BlackLine and Deloitte, through Deloitte’s finance transformation practice, can continue to help large organizations automate their account reconciliation and financial close processes, and extract enhanced value from the BlackLine application.
Through the long-standing relationship with BlackLine and the technology the company provides, which drives efficiencies and automation via the BlackLine Financial Close Software Suite, Deloitte has provided high-value finance transformation projects for many Fortune 500 companies within various industries as well as educational institutions.
“As a technology leader in financial close automation tools, BlackLine provides a platform that can dramatically improve finance and accounting operations,” said Kyle Cheney, partner, Deloitte & Touche LLP and a leader in Deloitte’s core finance transformation practice. “Our alliance with BlackLine supports our holistic view of people, processes and technology working together to help improve efficiency, governance, and the quality of financial reporting. Through the strength of our alliance with BlackLine, we have been able to successfully deliver quality projects for our clients by helping them better manage their close process through the efficiency and control that the BlackLine software supports.”
Therese Tucker, chief executive officer, BlackLine Systems, adds, “We have a long track record of successful projects with Deloitte. They provide in-depth knowledge and hands-on advisory services in the implementation of the BlackLine software that help companies realize the tremendous benefits of an enhanced finance organization.”
Through professional training on the BlackLine solution, which is designed to provide the skills necessary to implement BlackLine, many Deloitte advisors have become ‘BlackLine Certified Implementation Professionals.’
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/.