BlackLine Systems to Present at 2014 AICPA Hospitality Industry Conference in Las Vegas

Hospitality industry giant MGM Resorts International to highlight best practices and benefits of automating accounting processes and mitigating compliance risk with BlackLine

LOS ANGELES – June 12, 2014 – Representatives from global hospitality industry giant MGM Resorts International and financial close software leader BlackLine Systems will present together next week at the 2014 AICPA (American Institute of Certified Public Accountants) Hospitality Industry Conference in Las Vegas.

With more and more hospitality industry brands expanding globally, it is increasingly critical that proper controls are in place surrounding the account reconciliation and financial close processes. BlackLine Systems Solutions Consultant Jarred Rutherford will lead a session on Friday, June 20th, entitled “The Road to Reconciliation: Best Practices for Achieving Balance Sheet Integrity in the Hospitality Industry.” Rick Arpin, Senior Vice President and Corporate Controller at BlackLine client company MGM Resorts International, will discuss the benefits of BlackLine and return on investment (ROI) that can be achieved by using technology to automate traditionally manual accounting functions, such as account reconciliations.

Attendees will learn how to:

• Implement technology to automate the entire financial close process, increasing control and visibility across the board

• Ensure timely, accurate and documented communications between all departments (accounting, finance, compliance, auditing, etc.)

• Realize exceptional ROI in a very short time-frame

• Improve the accuracy and timeliness of compliance reporting

• Define responsibility and process ownership

• Manage compliance while servicing multiple locations

As the hospitality industry continues to rebound, accounting professionals are faced with significant new challenges that require sharper skills, up-to-date knowledge and expanded capabilities to handle the myriad of today’s complex issues. This brand new global AICPA conference is designed to provide critical insights and guidance on the latest techniques and technology, international regulations, tax updates, Wall Street changes, franchising issues, marketing and more of interest to hospitality industry professionals.

For more information, contact howard.goldstein@blackline.com.

About BlackLine
Companies come to BlackLine, Inc. (Nasdaq: BL) because their traditional manual accounting processes are not sustainable.  BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility.  BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control.

More than 3,000 customers trust BlackLine to help them close faster with complete and accurate results.  The company is the pioneer and recognized Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions.  Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney.  For more information, please visit blackline.com.

BlackLine Forward-looking Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expect,” “plan,” anticipate,” “believe,” “estimate,” “predict,” “intend,” “potential,” “would,” “continue,” “ongoing” or the negative of these terms or other comparable terminology. Forward-looking statements in this release include statements regarding our growth plans and opportunities. 

Any forward-looking statements contained in this press release are based upon BlackLine’s current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties. If any of these risks or uncertainties materialize or if any assumptions prove incorrect, actual performance or results may differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the Company’s ability to execute on its strategies, attract new customers, enter new geographies and develop, release and sell new features and solutions; and other risks and uncertainties described in the other filings we make with the Securities and Exchange Commission from time to time, including the risks described under the heading “Risk Factors” in our Annual Report on Form 10-K.  Additional information will also be set forth in our Quarterly Reports on Form 10-Q.

Forward-looking statements should not be read as a guarantee of future performance or results, and you should not place undue reliance on such statements. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Media Contact:
Ashley Dyer
PR Director      
BlackLine
818-936-7166
ashley.dyer@blackline.com

MEDIA CONTACT:

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

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