Credit Agricole Consumer Finance Nederland B.V. Selects BlackLine to Automate the Close
Company is the latest to depend on BlackLine to modernize their finance and accounting
London, January 2015 - Leading finance controls and automation software company BlackLine today announced a new contract with financial services organisation Credit Agricole Consumer Finance Nederland B.V. Replacing a very manual paper based process. Staff in The Netherlands will use BlackLine’s cloud-based Finance Controls and Automation Platform to automate core close processes. This will deliver increased efficiency and reduce paper consumption while simplifying the close process.
Marcel Schreutelkamp, Senior Manager Finance & Control of Credit Agricole Consumer Finance Nederland, comments: “We were using an old fashioned paper based excel process for reconciliations and close processes. This was not sustainable and we needed to add automation and controls and take a Modern Finance approach.
“Once we had determined our requirements we took the opportunity to look for a cloud solution that would provide the team with a unified platform solution that can scale with our organisations requirements,” he continues. “BlackLine is renowned for the speed and ease of implementation– our team is excited and looks forward to using the solution once implemented ”.
BlackLine was selected after a competitive bid review process. Following a thorough screening process of two providers, BlackLine was selected by Credit Agricole Consumer Finance Nederland for its ease of use and implementation speed, and for the unified platform that integrates easily with any ERP and sub ledger system.
Mario Spanicciati, EVP of BlackLine EMEA, said, “Credit Agricole Consumer Finance Nederland B.V. is a prestigious Financial Services brand, and we are proud to be working with them to deliver their modern finance function and help them automate their close processes”.
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 research leader.
BlackLine is the leader in Enhanced Finance Controls and Automation software and the only provider today offering a completely unified cloud platform—built from a single code base—that supports the entire close-to-disclose process, as well as a host of other key accounting and financial processes. BlackLine’s Finance Controls and Automation Platform increases business efficiency and visibility, while ensuring the highest degree of balance sheet integrity.
Delivered through a scalable and highly secure cloud model, BlackLine empowers more than 900 global companies to reduce the time and resources required to execute month-end closing with unparalleled accuracy, fuelling confidence throughout the entire accounting cycle. With more than 100,000 users in over 100 countries, BlackLine complements existing Corporate Performance Management (CPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
Although BlackLine is ERP-agnostic, the BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution – joining the ranks of fewer than 40 other software offerings globally that are endorsed by the enterprise application software leader. BlackLine also is an SAP Gold Partner, Oracle Gold Partner and participates in the partner programs of NetSuite and several other ERP providers.
Company headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney. For more information, please visit www.blackline.com.