Grant Thornton LLP and BlackLine Systems Team Up to Serve Dynamic, Growing Companies

STRATEGIC ALLIANCE DESIGNED TO HELP MID- TO LARGE-SIZE ORGANIZATIONS UTILIZE INDUSTRY-LEADING SOFTWARE TO IMPROVE FINANCIAL CLOSE PROCESSES

LOS ANGELES and CHICAGO – Jan. 29, 2013 – Grant Thornton LLP, one of the largest audit, tax and advisory firms in the United States, is working together with financial close software leader BlackLine Systems to bring industry-leading software and professional services to dynamic mid- to large-size clients. As part of the Strategic Alliance Agreement (SAA), Grant Thornton will provide project management and process reengineering services surrounding the implementation of BlackLine’s flagship account reconciliation and financial close software. “The goal is to provide clients the benefits of Grant Thornton’s market reach, commitment to quality and focus on practical solutions with near-term return on investment,” Robert Schwartz, Business Advisory Services partner at Grant Thornton LLP, said. BlackLine traditionally has been used by staff in accounting, finance and compliance departments in some of the world’s largest organizations, such as AT&T, Boeing, Eurostar International, Lafarge SA and Northrop Grumman. Going forward, BlackLine believes Grant Thornton will help the company penetrate further into the largely untapped, dynamic middle market. “We rely on business advisory firms such as Grant Thornton that have extensive experience in finance operations optimization to provide additional value to our clients,” Therese Tucker, CEO, BlackLine Systems, said. “We believe that Grant Thornton will be a key partner for us as we look to go after the enormous market of dynamic, growing mid-sized organizations in the United States.” BlackLine’s suite of financial 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. “Grant Thornton’s role as a preferred implementer of BlackLine allows us to continue to deliver value to dynamic growth companies by helping them streamline their financial close process,” explains Schwartz. “With BlackLine’s software and our industry experience, we are well-equipped to meet the growing demand for leading solutions to optimize and improve their financial operations.”

About Grant Thornton LLP
“Grant Thornton” refers to Grant Thornton LLP, which is the U.S. member firm of Grant Thornton International Ltd. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity. In the United States., visit Grant Thornton LLP at www.GrantThornton.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