LOS ANGELES, LONDON, SINGAPORE and SYDNEY – Nov. 1, 2018 – BlackLine, Inc. (Nasdaq: BL), a leading provider of financial automation solutions that enable Continuous Accounting, continues to expand its customer base globally, adding a broad range of both large and midsize companies to its client roster during the third quarter of 2018.
New customers signed on worldwide, deploying BlackLine’s flagship accounting automation platform to enhance the efficiency and visibility of Finance and Accounting (F&A) and reduce compliance risks.
Among the new customers to come on board in North America in Q3 were Cinemark, CBC Restaurant Corp. (operator of Corner Bakery Café’), Fortive Corp., Global Bankers Insurance Group, Kinross Gold Corp., Lehigh Hanson, Marvell Semiconductor and Red Robin International. New international customers included Aller Holdings, Daikin Australia, EBS Business Services Centre, Edmond de Rothschild S.A., Hilti Corp., Snow Software and UiPath.
Over 214,000 users across more than 2,400 companies presently employ BlackLine’s products and solutions to help increase accountant productivity, reduce risk, elevate controls and compliance functions and modernize their F&A operations, with many beginning to employ the Continuous Accounting model via the BlackLine cloud platform. In 2017 alone, more than 290 million accounts were reconciled and over 4.5 billion transactions matched by BlackLine customers.
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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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/.