Leading Brands Continue to Flock to BlackLine to Automate Key Finance & Accounting Processes
Dairy Queen, Perdue Farms and Zendesk sign on in Q2; EMEA growth exceeds 100%
LOS ANGELES, LONDON and SYDNEY – Aug. 20, 2015 – Mid-size companies and large enterprises around the world continue to adopt BlackLine’s Finance Controls and Automation Platform to improve efficiencies and reduce risk in Finance and Accounting – with Dairy Queen, Perdue Farms and Zendesk among the new BlackLine customers that signed on during the second quarter of 2015 in North America alone. The company also reported record growth in EMEA (Europe, Middle East and Africa) adding Credit Agricole and Savills, among others, with regional revenues up more than 100 percent year-over-year for the quarter. BlackLine is also experiencing strong uptake in the APAC (Asia-Pacific) region with the recent additions of Ruralco Holdings and Medibank in Australia. The new customers join an already impressive list of BlackLine client companies that are using its cloud-based platform to transform their existing finance and accounting departments into leading-edge ‘Modern Finance’ organizations.
The company also recently announced it has added Graham Smith, former Salesforce.com CFO, to its Board. Drawing on his experience serving in senior finance leadership roles at several leading technology companies and helping build Salesforce into the de facto leader in its space, the seasoned finance professional and cloud software veteran will help guide BlackLine through its next phase of growth.
BlackLine provides a host of tightly integrated applications and packaged solutions that automate and accelerate the financial close and other key accounting and finance processes – from within a single, unified cloud-based platform. Leading companies of all sizes are now integrating finance controls and automation solutions as part of their efforts to transform legacy, back-office operations into world-class, Modern Finance organizations with greater efficiencies and reduced compliance risk. Earlier this year, BlackLine kicked off a ‘Modern Finance Tour’, with a series of seminars designed to demonstrate how finance and accounting professionals can leverage cloud-based tools to automate and optimize critical processes. Following the success of events in the United States and APAC, BlackLine has added an EMEA leg to its 45+-city world tour, with stops lined up in London, Manchester, Paris and Dublin this Fall.
BlackLine was created to automate highly repetitive, manual accounting and finance tasks—tying up all the loose ends to liberate accountants to apply their talents to more strategic pursuits. The company’s introduction of its pioneering account reconciliation software in 2004 signified the development of an entirely new category of business technology, one virtually eliminating the inefficiency and risk inherent in the previously manual, spreadsheet-based process, while offering visibility into the underlying financial data.
Since then, BlackLine has added many new automated functions to its cloud-based technology platform, many based on input from the company’s enterprise-level and mid-market customers. BlackLine’s robust platform comprises a variety of packaged solutions and key enabling technologies efficiently addressing multiple Finance & Accounting needs. The enormous amount of time accountants previously invested in manual exercises can now be reinvested in value-added activities, ensuring data transparency, enhanced controls and the integrity of data for reporting and compliance purposes.
BlackLine has made the Software 500 list of the world’s “largest and best-performing” software companies for the past four years, the Deloitte Technology Fast 500™ for the past five years and the prestigious Inc. 500/5000 for the past eight years in a row, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.
In addition to strong growth in its customer base, BlackLine has also quadrupled its headcount in the past few years, adding jobs in the United States, Canada, the United Kingdom, France, Malaysia and Australia and is on track to open additional European and Asian offices in the next year.
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.