LOS ANGELES – March 7, 2019 – Financial controls and automation software leader BlackLine, Inc. (Nasdaq: BL) announced today that Patrick Villanova has been promoted to chief accounting officer. In his new role, Mr. Villanova will continue to oversee global accounting operations and report to BlackLine CFO Mark Partin.
“Patrick is a great accountant and strategic business partner to BlackLine. He has built a team that helps support our growth and demanding public company requirements. Just as importantly, he is a trusted resource and advisor for our customers who are undergoing digital transformation of their Finance & Accounting operations,” said Mr. Partin.
Villanova joined BlackLine in 2015 as corporate controller and serves as the company’s principal accounting officer. In 2016, he led BlackLine’s global accounting function through a successful initial public offering. Villanova is responsible for driving transformation internally using BlackLine’s products, and he regularly partners with the company’s sales and marketing teams to help customers and prospects learn how to leverage BlackLine’s cloud-based platform to drive transformation within their companies.
“I attribute a great deal of our success at BlackLine to implementing new cloud tools to streamline and automate critical accounting processes and strengthen internal controls, providing near real-time transparency into enterprise-wide financial data and transactions—while liberating our accountants to perform more strategic analyses and offer informed, insightful advice to the business,” said Villanova. “We are witnessing digital financial transformation increasingly becoming a key agenda item for Finance & Accounting organizations like ours. Companies that realize that new technologies have the potential to transform the accountant’s role and relationship with the rest of the business are those that will be most successful.”
Villanova began his career in public accounting spending more than 16 years at audit and accounting advisory leader PwC. Villanova holds a Bachelor’s degree from the University of Notre Dame with a double major in Accounting and Computer Applications.
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/.
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