BlackLine Home page BlackLine home page
Solutions
Solutions
Financial Close Management
Financial Close Management
Overview
Overview
Account Reconciliations
Account Reconciliations
Task Management
Task Management
Transaction Matching
Transaction Matching
Journal Entry
Journal Entry
Compliance
Compliance
Variance Analysis
Variance Analysis
Smart Close for SAP
Smart Close for SAP
Accounts Receivable Automation
Accounts Receivable Automation
Overview
Overview
Cash Application
Cash Application
Credit & Risk Management
Credit & Risk Management
Collections Management
Collections Management
Disputes & Deductions
Disputes & Deductions
Team & Task Management
Team & Task Management
AR Intelligence
AR Intelligence
Intercompany Financial Management
Intercompany Financial Management
Overview
Overview
Intercompany Non-Trade
Intercompany Non-Trade
Intercompany Balance & Resolve
Intercompany Balance & Resolve
Intercompany Net & Settle
Intercompany Net & Settle
By Organization Size
By Organization Size
Midsize Organizations
Midsize Organizations
Large Enterprises
Large Enterprises
By Industry
By Industry
Banking & Financial Services
Banking & Financial Services
Consumer Products & Services
Consumer Products & Services
Energy & Raw Materials
Energy & Raw Materials
Healthcare & Life Sciences
Healthcare & Life Sciences
Manufacturing
Manufacturing
Retail
Retail
Technology, Media & Communications
Technology, Media & Communications
See All Industries
By ERP
By ERP
SAP
SAP
Oracle
Oracle
Oracle NetSuite
Oracle NetSuite
Microsoft Dynamics
Microsoft Dynamics
See All ERPs
By Topic
By Topic
Environmental, Social, and Governance
Environmental, Social, and Governance
Recruiting & Retaining Top Talent
Recruiting & Retaining Top Talent
Enabling an ERP Transformation
Enabling an ERP Transformation
Customers
Customers
Customer Success
Success Stories
Success Stories
Collaborative Accounting Experience
Collaborative Accounting Experience
Modern Accounting Playbook
Modern Accounting Playbook
BlackLine Services
BlackLine Services
CUSTOMER SUPPORT
Global Support
Global Support
Developer Portal
Developer Portal
BlackLine Community
BlackLine Community
Resources
Resources
Events
Events
Upcoming Webinars
Upcoming Webinars
On-Demand Webinars
On-Demand Webinars
White Papers
White Papers
Blog
Blog
Accounting Glossary
Accounting Glossary
Global Support
Global Support
About
About
Company
Company
About BlackLine
About BlackLine
Leadership
Leadership
Diversity, Equity & Inclusion
Diversity, Equity & Inclusion
Environmental, Social & Governance
Environmental, Social & Governance
In the News
In the News
Press Releases
Press Releases
Investors
Investors
Awards & Recognition
Awards & Recognition
Careers
Careers
Partners
Partners
Consulting Alliances
Consulting Alliances
Solution Provider Partners
Solution Provider Partners
Software & Cloud Partners
Software & Cloud Partners
Business Process Outsourcers
Business Process Outsourcers

NEW BLACKLINE COMPLIANCE PRODUCT STREAMLINES CONTROL MANAGEMENT AND AUDIT PROCESSES

Latest addition to financial automation cloud platform unveiled at InTheBlack 2018

LAS VEGAS – INTHEBLACK – Nov. 13, 2018 – Financial controls and automation software provider BlackLine, Inc. (Nasdaq: BL) has unveiled a new compliance product purpose-built for managing internal controls in large and midsize companies. The company will debut BlackLine Compliance, the latest addition to its flagship cloud platform, this week at its annual global user conference InTheBlack 2018: The Accounting & Finance Innovation Summit.

Disparate systems and processes can cause inefficiencies and prevent proper evaluation of risk exposure. Without a solid technology solution, maintaining version control, identifying risk areas and communicating among business units becomes increasingly challenging and complex. With BlackLine Compliance, risks, policies and procedures, controls, issues and audit programs are integrated in a unified, cloud-based system. This accelerates and simplifies audits, consolidates project management and provides enhanced visibility over control activity.

Key BlackLine Compliance product highlights include:

  • Enables users to connect the performance, validation and testing of controls from within a single application and interface. Internal auditors can access control evidence directly, reducing dependencies.

  • Management of all compliance projects and documents in one globally accessible system, ensuring version control across records.

  • Accommodates projects for any compliance initiative, including SOX 302 and 404, IT audits, operational audits and self-assessments. Users can perform testing, attach supporting documentation and validate control effectiveness from a single system.

  • Real-time visibility into issues as soon as they are identified with workflow for remediation testing.

  • Ability to configure to support unique business processes.

“BlackLine has always been focused on helping customers ensure data and process integrity within their accounting and finance organizations,” BlackLine CEO Therese Tucker said. “With our new compliance product, we’ve raised the bar for accuracy and trust; now, giving our customers a way to ensure a higher level of control is accessible via a single, unified system and integrated with all of the other functionality of our secure cloud platform.”

Chart Industries, a $1 billion+ public company, has been using BlackLine Compliance for the past six months.

“One of the challenges we were looking to solve was the amount of administrative time we spent on SOX — from planning and keeping track of workbooks to managing status,” Lindsey Damron, director of Internal Audit, Chart Industries, said. “After implementing BlackLine Compliance, we’ve seen a huge payoff. We spend significantly less time on administrative tasks and are able to focus on completing our testing and adding more value to the business.”

BlackLine Compliance addresses major pain points for compliance and internal audit teams (such as data duplication, lack of standardization and lack of visibility) and provides a centralized and efficient solution for managing processes – ultimately helping to ensure greater accuracy and trust in the company’s financials.

“Everyone in the business should be concerned with upholding the highest standards for compliance. It takes people, technology, controls and processes,” added Tucker. “With BlackLine Compliance, we are putting the responsibility of compliance into the hands of more people across the organization, increasing accountability and ultimately helping our customers achieve a higher level of confidence.”

For more information on BlackLine Compliance, please go here.