POPSUGAR, Priceline Group Services, Shopify, Spirit Airlines and Yodlee Adopt BlackLine in Q3
Finance controls and automation provider processing 3 billion transactions annually through cloud-based platform
LOS ANGELES, LONDON and SYDNEY – Nov. 9, 2015 – Mid-size companies and large enterprises around the world continue to adopt BlackLine’s Finance Controls and Automation Platform to improve efficiencies, increase visibility and reduce risk in Finance & Accounting – with three billion transactions processed annually through the company’s cloud-based platform.
POPSUGAR, Shopify, Spirit Airlines and Yodlee are among the new BlackLine customers that signed on during the third quarter of 2015 in North America. The company continued to increase its customer base in EMEA (Europe, Middle East and Africa) adding Priceline Group Services (parent company of several travel booking sites including Priceline.com, Kayak.com and Booking.com) and Shaza Hotels, among others. BlackLine is also experiencing customer growth in the APAC (Asia-Pacific) region with the recent additions of Dexus, PanAust and Wesfarmers Industrial and Safety. The new customers join an impressive list of companies that are already using BlackLine to modernize their finance and accounting operations.
The company also recapped key highlights from recent announcements including continued investment in executive talent with the hiring of Karole Morgan-Prager as chief legal officer and former Infor executive Joseph Awad to head up EMEA; the promotion of Mario Spanicciati to chief strategy officer responsible for driving strategic partnerships and building out key alliances worldwide such as that which was signed with global consulting leader Wipro during the quarter; the addition of Graham Smith, former Salesforce.com CFO to BlackLine’s Board; and the selection of BlackLine by Shell to optimize key financial close processes as part of a global Finance & Accounting project.
BlackLine provides a host of tightly integrated applications and packaged solutions that automate and accelerate the financial close and other key accounting and finance processes – from within a single, unified cloud-based platform. Leading companies of all sizes are now integrating finance controls and automation solutions as part of their efforts to transform legacy, back-office operations into world-class, ‘Modern Finance’ organizations with greater efficiencies and reduced compliance risk.
BlackLine is a leading provider of Enhanced Finance Controls and Automation (EFCA) software and the only one that offers a unified cloud platform supporting the entire close-to-disclose process. The BlackLine Finance Controls and Automation Platform is designed to help midsize companies and large enterprises significantly improve the accuracy of their financial reporting, achieve substantial efficiencies and improve overall visibility into their Finance & Accounting operations. Delivered through a scalable and highly secure cloud model and built from a single code base, the platform supports many key accounting and financial processes including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle.
More than 110,000 users across 1,200 companies in approximately 100 countries currently leverage BlackLine to increase accountant productivity and elevate controls and compliance functions to ‘Modern Finance’ status.
BlackLine complements existing enterprise systems for Corporate Performance Management, Governance Risk and Compliance and Enterprise Resource Planning. The BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution, joining the ranks of fewer than 40 other software offerings. BlackLine also is an SAP Gold Partner, Oracle Gold Partner, and participates in the partner programs of NetSuite and several other ERP providers.
BlackLine global headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City, Paris, Sydney and Vancouver. For more information, please visit www.blackline.com.