RSA Selects BlackLine to Automate Global Balance Sheet Reconciliations
Leading finance controls and automation software company enters into global contract with leading international insurer
LONDON, 27 APRIL 2015 - Leading finance controls and automation software company BlackLine today announces a global contract with leading international insurer RSA. More than 500 of RSA’s employees across the world will use BlackLine’s cloud-based Finance Controls and Automation Platform to automate their balance sheet Reconciliations, increasing productivity and mitigating risk in the company’s Finance and Accounting teams.
Dominic Willis, manager of RSA’s Group Finance Systems, comments: “When looking for a new system, we wanted a more efficient, configurable and collaborative solution that could be used globally. We took this opportunity to look for a cloud –based solution that would bring all the RSA offices together on a consistent global platform and were delighted when we found that the BlackLine module could meet all our requirements. The Account Reconciliation module was implemented with minimal resources and those using the tool find it much faster and intuitive, and the interface is very user friendly”.
BlackLine was selected following a recommendation by Gartner on which vendors should be included in the selection process. Following a thorough screening process and trials of the software with two other suppliers, BlackLine was selected unanimously by RSA’s Financial Controllers for its ease of use and intuitive interface, and for the free on-demand training available to all users.
Mario Spanicciati, EVP of BlackLine EMEA, said, “RSA is a prestigious global brand, and we are proud to be working with them to help serve their modern finance function and achieve their financial goals”.
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.