LOS ANGELES, LONDON and SYDNEY – Nov. 9, 2015 – Mid-size companies and large enterprises around the world continue to adopt BlackLine’s Finance Controls and Automation Platform to improve efficiencies, increase visibility and reduce risk in Finance & Accounting – with three billion transactions processed annually through the company’s cloud-based platform.
POPSUGAR, Shopify, Spirit Airlines and Yodlee are among the new BlackLine customers that signed on during the third quarter of 2015 in North America. The company continued to increase its customer base in EMEA (Europe, Middle East and Africa) adding Priceline Group Services (parent company of several travel booking sites including Priceline.com, Kayak.com and Booking.com) and Shaza Hotels, among others. BlackLine is also experiencing customer growth in the APAC (Asia-Pacific) region with the recent additions of Dexus, PanAust and Wesfarmers Industrial and Safety. The new customers join an impressive list of companies that are already using BlackLine to modernize their finance and accounting operations.
The company also recapped key highlights from recent announcements including continued investment in executive talent with the hiring of Karole Morgan-Prager as chief legal officer and former Infor executive Joseph Awad to head up EMEA; the promotion of Mario Spanicciati to chief strategy officer responsible for driving strategic partnerships and building out key alliances worldwide such as that which was signed with global consulting leader Wipro during the quarter; the addition of Graham Smith, former Salesforce.com CFO to BlackLine’s Board; and the selection of BlackLine by Shell to optimize key financial close processes as part of a global Finance & Accounting project.
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.
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/.