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 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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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/.