LOS ANGELES, LONDON, SINGAPORE and SYDNEY – Feb. 13, 2020 – Leading financial close and accounting automation software providerBlackLine, Inc. (Nasdaq: BL) continued to expand its global customer base during the fourth quarter of 2019, adding a broad range of large and midsize companies to its client roster from North America, EMEA (Europe, Middle East and Africa) and the Asia-Pacific region (ASIAPAC). Today, more than half of the Fortune 50 are using BlackLine to modernize their accounting operations, with more than 10 billion transactions imported by BlackLine customers in 2019 alone.
Among the new customers in North America in Q4 were Ava Healthcare, Best Western International, Cornerstone Brands, Gulfport Energy, IMAX, the Las Vegas Review-Journal, Malibu Boats and Ultimate Fitness Group (operating as Orangetheory Fitness). In EMEA new customers included Cordstrap, Bunzl, the Government of Jersey, Groupe ADP, Princess Yachts and VARTA Consumer Batteries. And in ASIAPAC, Bapcor, Hyundai New Zealand, Jaycar, Mirvac and the University of Auckland were among those that signed on to use BlackLine.
Over 260,000 users across more than 3,000 companies worldwide use BlackLine’s solutions to increase accountant productivity, reduce risk, elevate controls and compliance functions and modernize their Finance & Accounting operations.
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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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/.