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 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/.