BlackLine Global Channel Partner Program Addresses Surging Demand Among Accounting & Finance Teams

LOS ANGELES, LONDON AND SYDNEY – Oct. 26, 2015 – BlackLine, provider of an industry-leading cloud platform for finance controls and automation, today unveiled a new ‘Channel Partner Program’ as part of its strategy to expand global distribution and meet surging demand among accounting and finance teams for BlackLine’s unique and innovative solutions. BlackLine provides the industry’s only unified cloud platform supporting the entire close-to-disclose process, helping midsize companies and large enterprises strengthen controls, lower compliance risks and gain greater efficiencies and visibility across critical finance and accounting processes.

With intensifying global competitive pressures, a rapidly changing regulatory landscape, the growing complexity of financial processes, and heightened demand for clear visibility into balance sheet data, more and more companies are leveraging cloud-based tools and undergoing large-scale finance transformation projects in an effort to modernize their organizations.

Mid-market and large companies alike are developing new products, entering new markets and extending their geographic reach. Approaching the month-end close, Finance & Accounting must reconcile an increasingly vast amount of data—documenting that the account balances are correct. While enterprise resource planning (ERP) and business intelligence (BI) systems collect, track and analyze business data, they do not automate account reconciliations and other critical accounting processes. BlackLine’s Modern Finance Platform arms Channel Partners with a solution to offer clients that replaces manual spreadsheet-based processes and ensures enhanced data accuracy, visibility and control, while compensating the partners with upfront revenue and an annuity stream.

“BlackLine Channel Partners are seasoned consultants and experts in their fields who offer strategic guidance, deep technical skills and relevant expertise that extends our reach significantly and enables a much more rapid deployment of the BlackLine solution globally,” said Chris Murphy, BlackLine’s chief revenue officer. “By adding BlackLine to their product portfolios, our Channel Partners can provide their customers with a solution that will deliver visible ROI in a very short timeframe, while also providing the partners themselves with margins and incentives to help grow their business. We look forward to a very collaborative go-to-market approach with our Channel Partners.”

BlackLine has signed on more than 25 Channel Partners to date in regions around the world, including North America, Europe, Latin America, Australia, Asia and Africa. Designed to help partners transform their business to fully capitalize on the revenue growth opportunity of the BlackLine platform, the company is offering a range of services – from business planning, sales, marketing and enablement resources to training, education and certification. The company has already begun implementing channel marketing, training and support services on a global level, so partners can quickly address the needs of their customers.

“BlackLine enables us to add to our core finance offering in the cloud – providing a suite of solutions to automate key processes, such as account reconciliations, that complements and interfaces with the Oracle EPM suite, and in particular HFM and FDMEE, which many of our customers rely on,” said Malcolm Brock, director at London-based partner Brovanture. “The compatibility of the BlackLine interface with Oracle EBS, Fusion and JD Edwards adds to the completeness of our offering in helping customers manage and begin to reduce the use of spreadsheets in their respective organizations.”

The BlackLine Channel Partner Program is part of BlackLine’s Strategic Partner Community. For more information about our current network of partners, please visit https://www.blackline.com/partners/channel-partners.

About BlackLine

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 125,000 users across 1,200 companies in over 150 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.

MEDIA CONTACT:

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

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