LOS ANGELES, LONDON, SINGAPORE and SYDNEY, July 27, 2016 /PRNewswire/ — BlackLine, a leading provider of Enhanced Financial Controls and Automation (EFCA) solutions that enable ‘Continuous Accounting‘, is fast expanding its customer base globally, adding a broad range of both large and midsize companies to its client roster during the second quarter of 2016.
A significant volume of new customers signed on in North America, Europe and the Asia-Pacific (APAC) region to deploy BlackLine’s EFCA Platform to enhance the efficiency and visibility of Finance & Accounting (F&A) operations, while reducing compliance risks.
Among the new customers in North America that signed on to use BlackLine’s Finance Controls and Automation Platform during the second quarter were Circle K, Daikin, RGA Enterprise Services, The Vitamin Shoppe, Four Seasons New York and The Rubicon Project. In Europe, new customers included Allianz, Greenval Insurance and Ordina, and in APAC, QSuper, Sibelco and Southern Cross Media Group signed on, testifying to BlackLine’s increasingly robust international business.
BlackLine tallied additional customers in all three regions, many now beginning to employ the Continuous Accounting model via the BlackLine cloud platform. Altogether, more than 135,000 users across 1,400 companies in approximately 100 countries presently depend upon BlackLine to increase accountant productivity and elevate controls and compliance functions to Modern Finance status.
BlackLine created the Enhanced Financial Controls & Automation (EFCA) software category. The company is the only EFCA provider touted by Gartner as a Leader (and one of only four vendors) in its Magic Quadrant for Financial Corporate Performance Management (FCPM) Solutions.
BlackLine’s EFCA Platform is the only unified cloud platform supporting the entire close-to-disclose process, assisting enterprise and midsize companies to improve the accuracy and reliability of their financial reporting, achieve process efficiencies, and enhance visibility into Finance & Accounting (F&A) operations. The platform enables customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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. The model aligns the rigid accounting calendar more closely with ongoing business.
Delivered through a scalable and highly secure cloud model and built from a single code base, the BlackLine platform supports many key F&A processes, including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle. Through BlackLine’s cloud analytics software, BlackLine Insights, CFOs can access real-time data to benchmark, analyze and improve the efficiency and performance of their F&A organizations. The software utilizes live, aggregated and anonymized data collected from BlackLine customers.
In an era of ever-increasing business complexity, transaction volumes and stringent regulatory requirements, BlackLine’s platform is purpose-built to transform and modernize mission-critical F&A processes—with enterprise-grade accuracy, automation and transparency. BlackLine complements existing enterprise systems for Corporate Performance Management, Governance Risk and Compliance and Enterprise Resource Planning. The BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution, joining the ranks of fewer than 40 other software offerings. BlackLine also is an SAP Gold Partner, Oracle Gold Partner, and participates in the partner programs of NetSuite and several other ERP providers.
BlackLine global headquarters are in Los Angeles, with regional headquarters in London, Singapore and Sydney. For more information or to see a complete list of offices, please visit www.blackline.com.