BlackLine Named a Leader in IDC MarketScape: Worldwide Office of the CFO Record to Report, 2024
BlackLine, a platform for the Office of the CFO, has been named a Leader in IDC MarketScape: Worldwide Office of the CFO Record to Report 2024 Vendor Assessment. The report evaluated nine vendors based on their capabilities to support the record-to-report (R2R) process, which is important for accurate financial reporting and compliance.
The IDC MarketScape highlighted BlackLine's robust technical capabilities, including real-time data integration, automated workflow management, and advanced analytics. The platform supports key accounting functions such as account reconciliations, journal entry management, and intercompany transactions.
BlackLine's customer-centric innovation and comprehensive offering for managing intercompany transactions were also noted. The report suggests considering BlackLine for complex businesses seeking a robust, comprehensive, and compliant R2R solution.
BlackLine, una piattaforma per l'Ufficio del CFO, è stata nominata Leader nell'IDC MarketScape: Valutazione dei fornitori Office of the CFO Record to Report 2024. Il rapporto ha valutato nove fornitori sulla base delle loro capacità di supportare il processo record-to-report (R2R), che è importante per una corretta rendicontazione finanziaria e conformità.
IDC MarketScape ha messo in evidenza le robuste capacità tecniche di BlackLine, comprese l'integrazione dei dati in tempo reale, la gestione automatizzata dei flussi di lavoro e analisi avanzate. La piattaforma supporta funzioni contabili chiave come la riconciliazione dei conti, la gestione delle scritture contabili e le transazioni intercompany.
È stata anche sottolineata l'innovazione orientata al cliente di BlackLine e l'offerta completa per la gestione delle transazioni intercompany. Il rapporto suggerisce di considerare BlackLine per le aziende complesse che cercano una soluzione R2R robusta, completa e conforme.
BlackLine, una plataforma para la Oficina del CFO, ha sido nombrada Líder en el IDC MarketScape: Evaluación de Proveedores para la Oficina del CFO Record to Report 2024. El informe evaluó a nueve proveedores en función de sus capacidades para apoyar el proceso de registro a informe (R2R), que es importante para reportes financieros precisos y cumplimiento.
El IDC MarketScape destacó las robustas capacidades técnicas de BlackLine, incluyendo la integración de datos en tiempo real, la gestión automatizada de flujos de trabajo y análisis avanzados. La plataforma apoya funciones contables clave como conciliaciones de cuentas, gestión de asientos contables y transacciones intercompany.
También se destacó la innovación centrada en el cliente de BlackLine y su oferta integral para la gestión de transacciones intercompany. El informe sugiere considerar a BlackLine para negocios complejos que buscan una solución R2R robusta, integral y conforme.
블랙라인(BlackLine)은 CFO 사무실을 위한 플랫폼으로, IDC MarketScape: 2024년 세계 CFO Record to Report 공급업체 평가에서 리더로 선정되었습니다. 이 보고서는 기록에서 보고서(R2R) 프로세스를 지원하는 능력을 기준으로 아홉 개 공급업체를 평가했으며, 이는 정확한 재무 보고 및 규정 준수에 중요합니다.
IDC MarketScape는 블랙라인의 강력한 기술 능력을 강조했으며, 여기에는 실시간 데이터 통합, 자동화된 워크플로 관리 및 고급 분석이 포함됩니다. 이 플랫폼은 계정 조정, 분개 관리 및 기업 간 거래와 같은 주요 회계 기능을 지원합니다.
블랙라인의 고객 중심 혁신과 기업 간 거래 관리를 위한 포괄적인 제공도 주목받았습니다. 이 보고서는 복잡한 비즈니스를 위해 강력하고 포괄적이며 규정을 준수하는 R2R 솔루션을 찾는 블랙라인을 고려할 것을 제안합니다.
BlackLine, une plateforme pour le Bureau du CFO, a été désignée Leader dans l'IDC MarketScape : Évaluation des fournisseurs Office of the CFO Record to Report 2024. Le rapport a évalué neuf fournisseurs sur la base de leurs capacités à soutenir le processus de record-to-report (R2R), qui est important pour des rapports financiers précis et la conformité.
L'IDC MarketScape a mis en avant les solides capacités techniques de BlackLine, y compris l'intégration de données en temps réel, la gestion automatisée des flux de travail et des analyses avancées. La plateforme supporte des fonctions comptables clés telles que les conciliations de comptes, la gestion des écritures comptables et les transactions interentreprises.
La capacité d'innovation centrée sur le client de BlackLine et son offre complète pour la gestion des transactions interentreprises ont également été notées. Le rapport suggère de considérer BlackLine pour les entreprises complexes à la recherche d'une solution R2R robuste, complète et conforme.
BlackLine, eine Plattform für das Büro des CFO, wurde als Leader im IDC MarketScape: Worldwide Office of the CFO Record to Report 2024 Vendor Assessment ausgezeichnet. Der Bericht bewertete neun Anbieter anhand ihrer Fähigkeiten, den Record-to-Report (R2R)-Prozess zu unterstützen, der für eine genaue Finanzberichterstattung und Compliance wichtig ist.
Der IDC MarketScape hob die robusten technischen Fähigkeiten von BlackLine hervor, darunter die Integration von Echtzeitdaten, das automatisierte Workflow-Management und fortschrittliche Analysen. Die Plattform unterstützt wichtige Rechnungslegungsfunktionen wie die Kontenabstimmung, das Management von Buchungssätzen und intercompany Transaktionen.
Auch die kundenorientierte Innovation und das umfassende Angebot von BlackLine zur Verwaltung intercompany Transaktionen wurden hervorgehoben. Der Bericht empfiehlt, BlackLine für komplexe Unternehmen in Betracht zu ziehen, die nach einer robusten, umfassenden und konformen R2R-Lösung suchen.
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BlackLine’s comprehensive platform and customer-centric innovation recognized by leading global analyst firm
LOS ANGELES, Oct. 03, 2024 (GLOBE NEWSWIRE) -- BlackLine, the future-ready platform for the Office of the CFO, today announced it has been named a Leader in IDC MarketScape: Worldwide Office of the CFO Record to Report 2024 Vendor Assessment (doc # US52037924, September 2024).
The IDC MarketScape report highlights the critical role of the record-to-report (R2R) process in ensuring accurate financial reporting and compliance, emphasizing its importance for CFOs, investors, and shareholders.
The report evaluated nine vendors based on their capabilities to support the R2R process. According to IDC analysis, buyer perception, and end-user feedback, BlackLine was positioned in the Leaders Category.
According to the IDC MarketScape, “BlackLine’s platform offers robust technical capabilities, including real-time data integration, automated workflow management, and advanced analytics. BlackLine's solutions support key accounting functions such as account reconciliations, journal entry management, consolidation, variance analysis, intercompany transactions, and task management. These capabilities help organizations enhance accuracy, efficiency, and compliance in their financial operations by eliminating manual processes and reducing errors.”
The report also highlights BlackLine’s customer-centric innovation ethos, noting, “BlackLine offers the most comprehensive offering for managing the total life cycle of intercompany transactions.”
“We asked CFOs what they wished technology vendors would do: they wanted an end-to-end solution for all finance capabilities,” said Heather Herbst, research director, CFO Tech Agenda at IDC. “BlackLine’s current capabilities and its vision for future-ready financial operations reflects its deep understanding of the challenges faced by the office of the CFO. The company demonstrates dedication to continued investment in its product to meet the evolving needs of its customers. For these reasons, we consider it a Leader in this category.” The IDC MarketScape noted that the office of the CFO should “consider BlackLine if you are looking for a robust, comprehensive, and compliant record-to-report solution, especially if you are a complex business.”
“We are deeply honored to be recognized as a Leader by the IDC MarketScape,” said Therese Tucker, BlackLine Co-CEO and Founder. “We believe this acknowledgment reflects the value our comprehensive platform brings, empowering thousands of companies to achieve future-ready financial operations with unified, accurate data, optimized processes, and real-time insights powered by automation and AI.”
The report excerpt can be found here.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
About BlackLine
BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, drives digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations.
BlackLine’s comprehensive platform addresses mission-critical processes, including record-to-report and invoice-to-cash, enabling unified and accurate data, streamlined and optimized processes, and real-time insight through visibility, automation, and AI. BlackLine’s proven, collaborative approach ensures continuous transformation, delivering immediate impact and sustained value. With a proven track record of innovation, industry-leading R&D investment, and world-class security practices, more than 4,400 customers across multiple industries partner with BlackLine to lead their organizations into the future.
For more information, please visit blackline.com.
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This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expect,” “plan,” anticipate,” “believe,” “estimate,” “predict,” “intend,” “potential,” “would,” “continue,” “ongoing” or the negative of these terms or other comparable terminology. Forward-looking statements in this release include statements regarding our growth plans, strategies and opportunities.
Any forward-looking statements contained in this press release are based upon BlackLine’s current plans, estimates and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties. If any of these risks or uncertainties materialize or if any assumptions prove incorrect, actual performance or results may differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the Company’s ability to execute on its strategies, attract new customers, enter new geographies and develop, release and sell new features and solutions; and other risks and uncertainties described in the other filings we make with the Securities and Exchange Commission from time to time, including the risks described under the heading “Risk Factors” in our Annual Report on Form 10-K. Additional information will also be set forth in our Quarterly Reports on Form 10-Q.
Forward-looking statements should not be read as a guarantee of future performance or results, and you should not place undue reliance on such statements. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Media Contact:
Samantha Darilek
VP, Communications
BlackLine
samantha.darilek@blackline.com
FAQ
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