LOS ANGELES, LONDON, SINGAPORE and SYDNEY – April 28, 2016 –BlackLine, a leading provider of enhanced finance controls and automation (EFCA) software, continued to add top-tier companies to its customer base with Marathon Petroleum Co., Reynolds Consumer Products, Thermo Fisher Scientific, TimkenSteel Corp., Clif Bar & Co. and The Humane Society of the United States among the many new customers that signed on to use BlackLine’s Finance Controls and Automation Platform during the first quarter of 2016.
New customers also came on board in Europe in the first quarter, including Greenval Insurance, Equiniti Services G4S Regional Management and Telenor Global Shared Services, among others. Further testifying to BlackLine’s increasingly robust international business, the company reported growth in the number of customers in the APAC (Asia Pacific) region with the first quarter additions of customers such as Officeworks Limited and AusNet Services Holdings.
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.
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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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/.