LOS ANGELES, LONDON and SYDNEY – Feb. 11, 2016 – BlackLine, a leading provider of enhanced finance controls and automation (EFCA) software, today announced that it added 393 new customers in 2015, bringing the total customer base to more than 1,300 worldwide. Nearly half (46 percent) of the new customers that came on board during 2015 are mid-market companies, a growing segment of the company’s business.
Large enterprises and midsize companies around the globe are adopting BlackLine’s EFCA Platform to help improve efficiencies, increase visibility and reduce risk in Finance & Accounting (F&A), with many F&A teams beginning to employ a Continuous Accounting model through the BlackLine cloud platform. Charles River Laboratories, Houghton Mifflin Harcourt, Nixon Peabody LLC, Roku and San Diego Zoo are among the new BlackLine customers that signed on during the fourth quarter of 2015 in North America. Continuing to show strength in its international business, the company reported that 20 percent of the new 2015 customers are based outside of North America – up from 16 percent a year ago. New customers that came on board in Europe in the fourth quarter include H&H Ferries and Trivago, among others. BlackLine also is experiencing growth in the APAC (Asia Pacific) region with the fourth quarter additions of customers such as Kelly Services Australia and Malaysia Airlines.
Other brands that signed on to use BlackLine earlier in 2015 include Dairy Queen, Perdue Farms, Priceline Group, Shell, Shopify and Yodlee. The new customers join a long list of companies that are already using BlackLine to modernize their F&A operations.
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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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/.