LOS ANGELES – March 19, 2020 – Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) announced today it has been named a 2020 Gartner Peer Insights Customers’ Choice for Cloud Financial Close Solutions as reported in Gartner’s newly released Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Close Solutions*.
Gartner Peer Insights Customers’ Choice is based on feedback and ratings from end users who have purchased, implemented and/or used BlackLine’s cloud platform and recognizes “the vendors that are the most highly rated by their customers.” BlackLine customers posted 149 reviews on Gartner Peer Insights in the past 12 months ending March 16th, 2020 – more than twice that of any other company in the category. 22% of the reviews provided for BlackLine came from very large enterprises over $10 billion in annual revenues; 32% from companies in the $1-10 billion range; and 34% from midsize businesses ($50 million to $1 billion).
Today, more than half of the Fortune 50 are using BlackLine to modernize their accounting operations, with over 10 billion transactions imported by BlackLine customers in 2019 alone.
Here’s what BlackLine users across multiple industries are saying:
“Our commitment has always been to customer success first and foremost,” said BlackLine CEO Therese Tucker. “We continue to innovate to meet the needs of our customers and believe the reviews at Gartner Peer Insights reflect BlackLine’s core value of focusing on customer happiness.”
Gartner estimates that “by 2023, 60 percent of upper midsize organizations (with $500 million to $1 billion in revenue) and large organizations (over $1 billion) will employ cloud-based applications to improve their financial close processes.”***
Ms. Tucker added, “We believe our Customers’ Choice distinction demonstrates that BlackLine is overwhelmingly the choice for financial close automation of both large and midsize organizations. From our view, it is extremely gratifying to see that so many of our valued customers are benefiting from the collaborative accounting experience we provide and have true ROI to show after using BlackLine to modernize their Finance & Accounting organizations.”
BlackLine was also named a Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions** and rankedhighest in the Large and Global Organizations use cases in Gartner’s 2019 Critical Capabilities for Cloud Financial Close Solutions*** report.
*Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Close Solutions, Peer Contributors, 13 March 2020.
**Gartner “Magic Quadrant for Cloud Financial Close Solutions” by Robert Anderson, John E. Van Decker, Greg Leiter, 21 October 2019.
***Gartner “Critical Capabilities for Cloud Financial Close Solutions” by Robert Anderson, John E. Van Decker, Greg Leiter, 11 November 2019.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Peer Insights
Peer Insights is an online platform of ratings and reviews of IT software and services that are written and read by IT professionals and technology decision-makers. The goal is to help IT leaders make more insightful purchase decisions and help technology providers improve their products by receiving objective, unbiased feedback from their customers. Gartner Peer Insights includes more than 215,000 verified reviews in more than 340 markets. For more information, please visit www.gartner.com/reviews/home.
Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews, ratings and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates.
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/.