BLACKLINE PLATFORM ENHANCEMENTS TO BE UNVEILED AT INTHEBLACK 2017 IN LA
New User Interface and Dashboards for Reporting, Enhanced Transaction Matching and New Levels of Connectivity and Integration to Further Enable Continuous Accounting
LOS ANGELES – Nov. 15, 2017 – BlackLine, Inc. (Nasdaq: BL), a leading provider of financial automation solutions that enable Continuous Accounting, today announced updates to its flagship cloud platform designed to further enable Finance & Accounting departments to transform their operations and adopt a true Continuous Accounting model. The new features will be unveiled this week at BlackLine’s global user conference InTheBlack North America 2017: The Accounting & Finance Innovation Summit in Los Angeles.
Highlights of BlackLine’s updated platform functionality include:
- Visual Reporting To Drive Finance Performance Management – Following significant enhancements to facilitate real-time report creation and validation throughout 2017, Finance and Accounting teams using BlackLine can now visualize their data in unique ways to quickly identify and uncover business insights. New charting and visualization functionality enables companies to better analyze the quality, timeliness and accuracy of their accounting results, uncover potential risks in their data, and more effectively measure team effectiveness.
- Enhanced Automation for Transaction Reconciliation – BlackLine Transaction Matching helps organizations embed intelligent automation into their most manual processes, empowering accounting teams to focus only on exceptions and anomalies. The latest enhancements deliver user-driven, flexible business rules to increase automated matches while better equipping the broader team to help resolve and explain unmatchedtransactions quickly.
- Connectivity andIntegration (APIs + Smart Close Integration) –This release brings new levels of connectivity and integration so organizations can further centralize and streamline critical accounting and close activities. New public APIs (application program interfaces) enable deeper integration with other business processes and systems, so all stakeholders—from auditors to controllers to the CFO—have even greater access to timely and relevant information. In addition, Smart Closeintegration allows customers to track their SAP Smart Close tasks and run reports directly within BlackLine.
The company has also improved compliance and controls functionality across the entire platform.
“Through customer-focused events such as InTheBlack, we are constantly soliciting end user feedback – looking for ways to continuously improve their experience with updates to features such as reporting that could actually help them surface potential risks—and that will ultimately help them achieve unprecedented control, visibility and efficiency across their Finance and Accounting organizations,” said Therese Tucker, CEO of BlackLine. “We’ve already been hearing from customers that the visual element of our reporting capability is like nothing they’ve ever seen in an accounting software product. We expect this to be a significant differentiator for us.”
BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralizing and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize organizations. Designed to complement virtually all ERP and other financial systems including SAP, Oracle and NetSuite, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from 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 modernize accounting operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close.
More than 2,000 companies with users in over 130 countries around the worldtrust BlackLine to help ensure balance sheet integrity and confidence in their financial statements.
BlackLine is recognized by Gartner as a Leader in its 2017 Magic Quadrant for Cloud Financial Corporate Performance Management (FCPM) and as a pioneer in the cloud market for enhanced financial control and automation of FCPM.
Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com.
BlackLine Forward-looking Statement
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Additional risks and uncertainties are described in greater detail under the heading “Risk Factors” in our Registration Statement on Form S-1, as amended, filed with the Securities and Exchange Commission, and our other filings with the SEC. Forward-looking statements should not be read as a guarantee of future performance or results, and you should not place undue reliance on such statements. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.