BlackLine Ranked Exemplary Leader by Ventana Research in Financial Close Buyers Guide 2024
BlackLine (NASDAQ: BL), a platform for the Office of the CFO, has been named an Exemplary Vendor and Overall Leader in Financial Close in Ventana Research's 2024 Financial Close Buyer's Guide. The recognition highlights BlackLine's commitment to delivering future-ready financial operations that are accurate, efficient, and intelligent.
Ventana's evaluation, based on extensive market and product research, ranked BlackLine as a leader in seven out of ten categories. The company's strengths were noted in Product Experience, particularly for manageability, administration, privacy, and security, and in Customer Experience, notably for total cost of ownership (TCO) and return on investment (ROI).
BlackLine (NASDAQ: BL), una piattaforma per l'ufficio del CFO, è stata nominata fornitore esemplare e leader globale nella chiusura finanziaria nella Guida all'acquisto della chiusura finanziaria 2024 di Ventana Research. Il riconoscimento mette in evidenza l'impegno di BlackLine nel fornire operazioni finanziarie pronte per il futuro che siano accurate, efficienti e intelligenti.
La valutazione di Ventana, basata su un'ampia ricerca di mercato e di prodotto, ha classificato BlackLine come leader in sette su dieci categorie. I punti di forza dell'azienda sono stati evidenziati in esperienza del prodotto, in particolare per gestibilità, amministrazione, privacy e sicurezza, e in esperienza del cliente, soprattutto per il costo totale di proprietà (TCO) e il ritorno sugli investimenti (ROI).
BlackLine (NASDAQ: BL), una plataforma para la oficina del CFO, ha sido nombrada proveedor ejemplar y líder general en el cierre financiero en la Guía de Compras de Cierre Financiero 2024 de Ventana Research. El reconocimiento destaca el compromiso de BlackLine de ofrecer operaciones financieras preparadas para el futuro que sean precisas, eficientes e inteligentes.
La evaluación de Ventana, basada en una extensa investigación de mercado y de productos, clasificó a BlackLine como líder en siete de diez categorías. Las fortalezas de la empresa se notaron en experiencia del producto, particularmente en manejabilidad, administración, privacidad y seguridad, y en experiencia del cliente, especialmente en costo total de propiedad (TCO) y retorno de la inversión (ROI).
BlackLine (NASDAQ: BL)는 CFO 사무실을 위한 플랫폼으로, Ventana Research의 2024 재무 마감 구매 가이드에서 모범 공급업체이자 재무 마감의 전반적인 리더로 선정되었습니다. 이 인정은 BlackLine이 정확하고 효율적이며 지능적인 미래 준비가 된 재무 운영을 제공하기 위한 의지를 강조합니다.
Ventana의 평가는 광범위한 시장 및 제품 조사를 기반으로 하여 BlackLine을 10개 카테고리 중 7개에서 리더로 순위 매겼습니다. 제품 경험 에서는 관리 용이성, 운영, 개인정보 보호 및 보안에서 강점을 보였고, 고객 경험 에서는 총 소유 비용(TCO) 및 투자 수익률(ROI)에서 두드러지는 점을 보였습니다.
BlackLine (NASDAQ: BL), une plateforme pour le bureau du CFO, a été désignée fournisseur exemplaire et leader général dans la clôture financière dans le Guide d'achat de la clôture financière 2024 de Ventana Research. Cette reconnaissance met en avant l'engagement de BlackLine à fournir des opérations financières prêtes pour l'avenir qui sont précises, efficaces et intelligentes.
L'évaluation de Ventana, basée sur une recherche approfondie sur le marché et les produits, a classé BlackLine comme leader dans sept des dix catégories. Les forces de l'entreprise ont été soulignées dans l'expérience produit, notamment pour la gestion, l'administration, la confidentialité et la sécurité, ainsi que dans l'expérience client, en particulier pour le coût total de possession (TCO) et le retour sur investissement (ROI).
BlackLine (NASDAQ: BL), eine Plattform für das Büro des CFO, wurde im Käuferleitfaden für den finanziellen Abschluss 2024 von Ventana Research als exemplarischer Anbieter und Gesamterführer im finanziellen Abschluss ausgezeichnet. Die Anerkennung hebt das Engagement von BlackLine hervor, zukunftsorientierte Finanzoperationen zu liefern, die genau, effizient und intelligent sind.
Die Bewertung von Ventana, die auf umfassenden Markt- und Produktforschungen basiert, platzierte BlackLine als Führer in sieben von zehn Kategorien. Die Stärken des Unternehmens wurden in der Produkt-Erfahrung hervorgehoben, insbesondere in Bezug auf Benutzbarkeit, Verwaltung, Datenschutz und Sicherheit sowie in der Kundenerfahrung, insbesondere in Bezug auf die Gesamtkosten der Nutzung (TCO) und die Rendite des Investments (ROI).
- Named Exemplary Vendor and Overall Leader in Financial Close by Ventana Research
- Ranked as leader in 7 out of 10 categories in Ventana's evaluation
- Recognized for strong Product Experience in manageability, administration, privacy, and security
- Highlighted for Customer Experience, particularly in TCO and ROI
- None.
Insights
BlackLine's recognition as an Exemplary Vendor and Overall Leader in Financial Close by Ventana Research is a positive indicator for the company's market position. However, this news has direct impact on stock performance.
The report highlights BlackLine's strengths in Product Experience and Customer Experience, particularly in manageability, administration, privacy, security and ROI. These factors could contribute to customer retention and acquisition, potentially supporting long-term revenue growth.
While awards don't directly affect financials, they can enhance brand reputation and market perception. Investors should focus more on concrete financial metrics and customer growth numbers in upcoming earnings reports to gauge the real impact of BlackLine's market leadership on its business performance.
This recognition, while positive for BlackLine's reputation, has minimal immediate financial impact. Investors should look beyond accolades to assess the company's financial health.
Key areas to monitor include:
- Revenue growth rate and projections
- Customer acquisition costs and lifetime value
- Profit margins and operational efficiency
- Cash flow and balance sheet strength
The mention of BlackLine's effectiveness in managing TCO and ROI for customers is noteworthy. If substantiated by improved customer retention rates or increased average contract values in future financial reports, it could indicate a stronger competitive position and potential for improved profitability.
Investors should await concrete financial data in upcoming earnings releases to make informed decisions.
BlackLine’s future-ready platform recognized for product, customer experience, and market leadership
LOS ANGELES, Sept. 17, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ: BL), the future-ready platform for the Office of the CFO, today announced that it was named an Exemplary Vendor and Overall Leader in Financial Close in Ventana Research’s, now an ISG company, 2024 Financial Close Buyer’s Guide. This recognition underscores BlackLine’s commitment to delivering future-ready financial operations that are accurate, efficient, and intelligent.
Ventana's approach to the Buyers' Guide uses the Ventana Value Index methodology, based on extensive market and product research and structured to replicate an RFI process by incorporating criteria to select technology. The research evaluates technology providers on products that address critical elements of enterprise software across ten Product and Customer Experience categories.
Ranking as leaders in seven out of the ten categories, Ventana highlighted the following BlackLine strengths:
- Product Experience, particularly for its manageability, administration, privacy, and security.
- Customer Experience, notably for a total cost of ownership (TCO) and return on investment (ROI) customers experience, due to effective systems and processes for managing and escalating breaches.
“Achieving a leadership position in this analyst evaluation is a testament to our relentless dedication to customer-centric innovation,” said Therese Tucker, Founder and co-CEO at BlackLine. “As the pioneer and leader in this space, we have a deep understanding of the challenges faced by the Office of the CFO. That's why our comprehensive platform ensures transformation success, providing our customers with immediate impact and sustained value over time.”
Robert Kugel, Senior Vice President and Research Director at Ventana Research, part of ISG, said, “As the financial landscape continues to evolve, the need for the Office of the CFO to drive business forward has never been more critical. BlackLine’s proven, collaborative, and achievable approach to digital transformation has positioned the company as a trusted partner for organizations worldwide.”
The full report can be found here.
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.
Media Contact:
Samantha Darilek
VP, Communications
BlackLine
samantha.darilek@blackline.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98c4b133-e173-41ec-bf2d-e873b219c63c
FAQ
What recognition did BlackLine (BL) receive in Ventana Research's 2024 Financial Close Buyer's Guide?
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