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.
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/.