BLACKLINE FINANCE CONTROLS AND AUTOMATION PLATFORM ACCREDITED BY ICAEW
UK’s Leading Accountancy Body Recognises BlackLine as First Enhanced Finance Controls and Automation (EFCA) Software on its Scheme
London - 25th February 2016 – BlackLine, today announced that its Finance Controls and Automation Platform is now accredited by the Institute of Chartered Accountants for England and Wales (ICAEW), in a move that will see more accounting departments and ICAEW members embracing a Modern Finance approach. One of only 20 solutions currently accredited by the ICAEW, BlackLine is the first company to be recognised in the Online Financial Controls and Automation Software category.
ICAEW’s current accredited software line-up spans e-commerce products, to property management and letting software, to document management, all designed specifically for the accountancy industry. Each software solution is rigorously and individually evaluated.
Craig McLellan, manager of the ICAEW Accreditation Scheme, commented: “We are delighted that BlackLine’s Finance Controls and Automation Platform has been accredited, having satisfied our robust technical evaluation criteria. It is the first and currently the only Online Financial Controls and Automation Software to be accredited.”
BlackLine joins a prestigious lineup of solutions from companies such as NetSuite, Sage and Capita. The scheme is fast becoming the benchmark for software used by accountants in both business and practice markets.
Mario Spanicciati, Chief Strategy Officer, BlackLine, added: “With a rise in companies adopting a Modern Finance approach, it’s vital that membership bodies like ICAEW are giving their members access to the latest and greatest solutions that can help them automate and control their core processes. We are very pleased to have satisfied ICAEW requirements and are honoured to be accredited.”
BlackLine recently announced it was the first company to enable Continuous Accounting, bringing real-time automation, controls and period-end tasks into daily workflows. The reduced stress of workload spikes and the ability to close daily is helping maintain higher levels of trust in the numbers. Additionally, the company’s benchmarking tool, BlackLine Insights, was listed as a Top New Product for Accounting in 2016.
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. BlackLine’s EFCA Platform helps midsize companies and large enterprises improve the accuracy and reliability of their financial reporting, achieve process efficiencies and improve visibility into their Finance & Accounting (F&A) operations. The platform enables customers to move beyond outdated processes and point solutions to a ‘Continuous Accounting’ model. With Continuous Accounting, real-time automation, controls and period-end tasks are embedded within day-to-day activities, allowing the rigid accounting calendar to more closely mirror the broader business.
Delivered through a scalable and highly secure cloud model and built from a single code base, the BlackLine platform supports many key F&A processes including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle. Through BlackLine’s cloud analytics software, BlackLine Insights, CFOs access real-time data to benchmark, analyze and improve the efficiency and performance of their F&A organizations. The software utilizes live, aggregated and anonymized data collected from BlackLine customers.
In an era of ever-increasing business complexity, transaction volumes and stringent regulatory requirements, BlackLine’s platform is purpose-built to transform and modernize mission-critical F&A processes—with enterprise-grade accuracy, automation and transparency. More than 125,000 users across 1,300 companies in approximately 100 countries depend upon BlackLine to increase accountant productivity and elevate controls and compliance functions to Modern Finance status.
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. The BlackLine Finance Controls and Automaton Platform is the first cloud software of its kind to be accredited in the UK by the ICAEW.
BlackLine global headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City, Paris, Singapore, Sydney and Vancouver. For more information, please visit www.blackline.com.