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.

About BlackLine

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/.

MEDIA CONTACT:

Ashley Dyer
Sr. Public Relations Manager
P. 818.936.7166
E: ashley.dyer@blackline.com

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