London, United Kingdom and Bangalore, India - September 09, 2015: Wipro Limited (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced a partnership with BlackLine Inc., a leader in Enhanced Finance Controls and Automation (EFCA) software. As part of this partnership, Wipro will offer BlackLine’s platform of financial software solutions, encompassing Financial Close Management, Intercompany Hub, Reconciliation Management and Controls Assurance delivered as a cloud-based service, to finance and accounting organisations.
The BlackLine Finance Controls & Automation Platform will assist organisations to remain competitive, reduce risk and transform their existing finance and accounting departments into ‘Modern Finance’ organisations by automating key processes and reducing manual efforts. These solutions will not only bring efficiency and cost reduction to the finance function of the organisations, but will also help the CFOs to achieve sustained benefits through risk reduction and automation of enforced controls. Complete audit trail, automated task management, automatic matching and automatic certification functions will also improve compliance to internal controls and policies, including SOX compliance.
Wipro and BlackLine will partner in projects and initiatives with the ultimate goal of delivering value to its clients and supporting them globally. This will open the doors for the next generation of finance delivery models for Shared Service Centers or retained organisations.
“The BlackLine organisation is energized by the synergy and potential of this global partnership with Wipro,” said Mario Spanicciati, BlackLine’s chief strategy officer. “Wipro is a global leader in helping companies leverage innovative and proven technology to gain competitive advantage. The combination of Wipro’s practical consulting expertise and global reach with BlackLine’s leading solutions for automated finance controls and automation will help drive a tremendous market opportunity for both companies.”
“The BlackLine suite of finance controls and automation products provides a clear platform for our client organisations to support and lead the business improvement and process simplification objectives for their finance and accounting operations,” said Tomas Romero, global finance & accounting transformation practice leader, Consulting Services, Wipro Ltd. “We believe that this partnership will help drive change and standardisation across people, processes, data, technology tools and the quality of financial reporting for our clients.”
“The Wipro and BlackLine partnership presents a unique synergy that will allow clients to leverage the strengths of BlackLine’s technology coupled with Wipro’s experience and capability in Consulting & Business Process Services to truly transform the finance function of their organisations,” said Venkataraman Mahadevan, global business head, corporate business services, Wipro Business Process Services, Wipro Ltd.
Wipro Consulting Services (WCS) is a key differentiator for Wipro Limited. WCS consults and leads organisational and business process transformation to improve performance, increase effectiveness, reduce costs and improve resilience. It introduces leading-edge practices and offers business advisory, business and functional transformation, IT consulting, risk and compliance services to many of the world’s leading organisations, governments and institutions.