CohnReznick LLP Teams Up with BlackLine Systems to Help Fortune 1000 Companies Optimize Their Financial Close
Strategic alliance to bring industry-leading software, professional services to mid- to large-sized organizations to automate, improve account reconciliation, financial close processes
LOS ANGELES and NEW YORK – June 12, 2013 – CohnReznick LLP, the 11th largest accounting, tax and advisory firm in the United States, is teaming up with enterprise-class financial close software leader BlackLine Systems to bring industry-leading software and professional services to Fortune 1000 companies to help automate and optimize traditionally manual, spreadsheet-driven financial close processes.
As part of the recently signed Strategic Alliance Agreement, CohnReznick will provide advisory services and guidance to CFOs, controllers and other senior Finance department executives in mid- and large-sized organizations in support of the implementation of BlackLine’s flagship account reconciliation and financial close software.
“Our CFO advisory services professionals assess an organization’s financial close processes to determine the ability to produce accurate, timely and relevant financial information that will stand up to increased scrutiny by multiple stakeholders,” Gary Moran, CPA, a CohnReznick Advisory Group partner, said. “BlackLine has shown that it provides much greater transparency to the close process while enhancing internal controls and facilitating a more effective and efficient monthly financial close process.”
Many of the world’s largest organizations, such as AT&T, Boeing, Eurostar International, Lafarge SA and Northrop Grumman, are using the BlackLine Financial Close Suite. in a Software-as-a Service (SaaS) environment across their global organizations.
“We rely on business advisory firms such as CohnReznick that have extensive experience assessing finance operations and determining whether appropriate processes, procedures, tools and systems are in place to support the office of the CFO,” Therese Tucker, CEO, BlackLine Systems, said. “Together, we can provide solutions that improve the value of the finance function and accelerate and streamline the financial close process.”
BlackLine’s suite of enterprise-class software applications automates the entire financial close process and includes modules for Balance Sheet Account Reconciliations, Task Management, Journal Entry, Transaction Matching, Variance Analysis and Consolidation Integrity Manager.
With origins dating back to 1919, CohnReznick LLP is currently the 11th largest accounting, tax and advisory firm in the United States, combining the resources and technical expertise of a national firm with the hands-on, entrepreneurial approach that today’s dynamic business environment demands. CohnReznick serves a large number of diverse industries and offers specialized services for Fortune 1000 companies, owner-managed firms, international enterprises, government agencies, not-for-profit organizations, and other key market sectors. Headquartered in New York, CohnReznick serves its clients with more than 280 partners, 2,000 employees, and 25 offices nationwide. The firm is a member of Nexia International, a global network of independent accountancy, tax, and business advisors. For more information, visit www.cohnreznick.com.
About BlackLine Systems
BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution. An experienced provider of software to companies from the Fortune 100 to beyond the Fortune 1,000, BlackLine provides quick-to-implement, scalable and easy-to-use applications that automate the entire financial close process to help improve financial controls for companies of all sizes. BlackLine software applications complement existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
BlackLine offers clients its enterprise-class software in a simple and secure OnDemand/SaaS platform. With a proven track record and a commitment to customer success, BlackLine seeks to reduce the burden the financial close places on accounting and finance professionals.
BlackLine headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney to serve the company’s growing global client base. For more information, please visit www.blackline.com.