BlackLine Home page BlackLine home page
Solutions
Solutions
Financial Close Management
Financial Close Management
Overview
Overview
Account Reconciliations
Account Reconciliations
Task Management
Task Management
Transaction Matching
Transaction Matching
Journal Entry
Journal Entry
Compliance
Compliance
Variance Analysis
Variance Analysis
Smart Close for SAP
Smart Close for SAP
Accounts Receivable Automation
Accounts Receivable Automation
Overview
Overview
Cash Application
Cash Application
Credit & Risk Management
Credit & Risk Management
Collections Management
Collections Management
Disputes & Deductions
Disputes & Deductions
Team & Task Management
Team & Task Management
AR Intelligence
AR Intelligence
Intercompany Financial Management
Intercompany Financial Management
Overview
Overview
BlackLine Intercompany
BlackLine Intercompany
By Organization Size
By Organization Size
Midsize Organizations
Midsize Organizations
Large Enterprises
Large Enterprises
By Industry
By Industry
Banking & Financial Services
Banking & Financial Services
Consumer Products & Services
Consumer Products & Services
Energy & Raw Materials
Energy & Raw Materials
Healthcare & Life Sciences
Healthcare & Life Sciences
Manufacturing
Manufacturing
Retail
Retail
Technology, Media & Communications
Technology, Media & Communications
See All Industries
By ERP
By ERP
SAP
SAP
Oracle
Oracle
Oracle NetSuite
Oracle NetSuite
Microsoft Dynamics
Microsoft Dynamics
See all ERPs
Customers
Customers
Customer Success
Success Stories
Success Stories
Collaborative Accounting Experience
Collaborative Accounting Experience
Modern Accounting Playbook
Modern Accounting Playbook
Training & Education
Training & Education
CUSTOMER SUPPORT
Global Support
Global Support
Developer Portal
Developer Portal
BlackLine Community
BlackLine Community
Resources
Resources
Events
Events
Upcoming Webinars
Upcoming Webinars
On-Demand Webinars
On-Demand Webinars
White Papers
White Papers
Blog
Blog
Accounting Glossary
Accounting Glossary
Global Support
Global Support
About
About
Company
Company
About BlackLine
About BlackLine
Leadership
Leadership
In The News
In The News
Press Releases
Press Releases
Investors
Investors
Awards & Recognition
Awards & Recognition
Careers
Careers
Partners
Partners
Consulting Alliances
Consulting Alliances
Solution Provider Partners
Solution Provider Partners
Software & Cloud Partners
Software & Cloud Partners
Business Process Outsourcers
Business Process Outsourcers

ExlService Holdings (EXL) Partners with BlackLine Systems to Provide Cloud-based Financial Close Solutions

NEW YORK, Dec. 11, 2012 /PRNewswire/ — ExlService Holdings, Inc. (NASDAQ: EXLS), a leading provider of outsourcing and transformation services, today announced a partnership with BlackLine Systems (BlackLine), the most experienced provider of enterprise-class software applications designed to automate and control the entire financial close process. A joint offering from EXL and BlackLine addresses the most pressing issues that delay the financial close process. Services are delivered from EXL’s Finance & Accounting (F&A) Center of Excellence using a cloud-based model that reduces risk and capital outlay for the client while driving productivity to accelerate the financial close process and also reducing costs.

BlackLine’s suite of financial software applications automates the entire financial close process for staff in accounting and compliance departments in companies of all sizes and includes modules for: Balance Sheet Account Reconciliations, Task Management, Journal Entry, Transaction Matching, Variance Analysis and Consolidation Integrity Manager. Financial executives appreciate the accuracy and integrity BlackLine brings to financial reporting and the enhanced productivity from EXL’s F&A capabilities.

Bill Bloom, EXL President, Global Client Services, commented: “Our partnership with BlackLine is another step in EXL’s development as a top-tier provider of technology-enabled Finance & Accounting solutions for our clients. EXL intends to partner with the best-of-breed technology providers in our target markets to fully leverage our delivery capabilities. BlackLine is the defacto standard in accelerating the financial close process and integrates tightly with virtually all ERP systems leveraging full multi-currency and multi-lingual support. With clients already using this combination, we have a tremendous value proposition to showcase to CFOs and controllers of our respective clients and prospects.”

EXL currently serves nine clients using the BlackLine Financial Close Software Suite and has a team of BlackLine Certified Implementation Professionals to facilitate systems implementation for global clients.

Therese Tucker, BlackLine’s CEO, commented: “Partnering with a strong F&A outsourcing and transformation service provider like EXL provides incremental value to BlackLine clients and helps them get the most out of our software. BlackLine facilitates the workflow between global shared services centers and outsourcing partners and their respective business units. Combining BlackLine’s Software-as-a-Service solution with EXL’s services speeds up the close process. We are seeing increased acceptance of this engagement model in the marketplace.”

About ExlService Holdings, Inc.
ExlService Holdings, Inc. (NASDAQ:EXLS) is a leading provider of outsourcing and transformation services. EXL primarily serves the needs of Global 1000 companies from global delivery centers in the insurance, utilities, banking and financial services, transportation and logistics, and travel sectors. EXL’s outsourcing services include a full spectrum of business process management services such as transaction processing and finance and accounting services. Transformation services enable continuous improvement of client processes by bringing together EXL’s capabilities in decision analytics, finance transformation, and operations and process excellence services. Find additional information about EXL atwww.exlservice.com.