BlackLine Finance Controls and Automation Platform Part of Shell's Global Finance & Accounting Project
BlackLine, an SAP®-endorsed business solution, to support Shell’s financial close and review processes
LONDON AND LOS ANGELES, Sept. 14, 2015 — Financial Automation software company BlackLine has been selected to help Shell optimise its financial close processes. As part of the newly signed, multi-year contract, Shell will use BlackLine’s cloud-based Finance Controls and Automation Platform alongside software from SAP® to automate core financial close processes, increase productivity and efficiency, and further mitigate risk across the company’s Finance and Accounting departments.
Mario Spanicciati, BlackLine’s chief strategy officer, said “The increasing number of global enterprises signing on to use our financial automation platform globally is a testament to the fact that even the largest and best-performing companies in the world see value in continuous improvement and optimisation of the Finance function.”
BlackLine was recently listed by Gartner as a ‘Best-of-Breed’ provider for Enhanced Finance Controls and Automation (EFCA) software - a renamed category formerly called Close/Reconciliation Management by the global technology industry leader.
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 strengthen controls, lower compliance risks and gain greater efficiencies and visibility. 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 1,100 companies in over 100 countries currently leverage BlackLine to increase accountant productivity and elevate controls and compliance functions to ‘Modern Finance’ status, with customers comprising more than 25 of the Fortune 100 and over 100 of the Fortune 500.
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.