BLACKLINE TAKES TOP SPOT FOR FINANCIAL CLOSE ON ANNUAL G2 LIST OF THE BEST SOFTWARE PRODUCTS

Rhea-AI Summary

BlackLine (Nasdaq: BL) has been recognized as the top provider of financial close software on G2's 'Best Accounting & Finance Products of 2022' list. The company excelled in both mid-market and enterprise segments, achieving first place based on customer reviews reflecting 'Market Presence' and 'Satisfaction'. Currently, BlackLine boasts over 630 reviews, highlighting its automation capabilities and transparency. This accolade follows its recent recognition in the 'Best of Finance Software Awards'. BlackLine continues to lead in cloud financial operations management, serving 3,800+ customers worldwide.

Positive

• Ranked first in financial close software by G2 in mid-market and enterprise segments.
• Over 630 customer reviews on G2, reflecting high satisfaction and market presence.
• Recognized for automation capabilities that reduce manual work and improve efficiency.
• Recent accolades from TrustRadius for 'Best Relationship' and 'Best Feature Set'.

Negative

• None.

Accounting automation software leader ranked first in mid-market and enterprise segments by leading software peer review site

LOS ANGELES, Feb. 15, 2022 /PRNewswire/ -- Leading online software marketplace and peer review platform G2 recently announced that BlackLine, Inc. (Nasdaq: BL) took the No. 1 spot for financial close software on G2's list of the 'Best Accounting & Finance Products of 2022'.  Recognized for 'Market Presence' and 'Satisfaction', BlackLine ranked first in both the mid-market and enterprise segments.

G2 operates a software marketplace used by more than 60 million software buyers each year.  The annual G2 Best Software List ranks the "world's best software companies and products" based on authentic, timely reviews from real users.  As of today, BlackLine customers have posted 630 reviews at G2.com.  Here's what users across multiple industries and from various company sizes are saying about BlackLine:

• "Automation, Accuracy and Transparency - In addition to a well-designed out-of-the-box platform, BlackLine gives the customer options to customize the business rules, workflows, access controls and workspace to how we want it to be with minimal cost, time and effort." – Administrator in Computer Hardware (Mid-Market 51-1,000 employees)
• "Streamline with BlackLine! - BlackLine does a lot of the manual work for you!  The transaction matching is amazing and really reduces time spent balancing and reconciling GLs." – Accounting Manager (Mid-Market (51-1,000 employees)
• "Integrated Solution for Overall Financial Close Process - We selected BlackLine because it provided a range of solutions that were tightly integrated together which allowed us to implement and grow over time.  Each module we implement complements and further automates our processes." – Director, Process Risk and Controls (Enterprise > 1,000 employees)
• "Decreasing Manual Work and Optimizing Processes to Improve the Close - [BlackLine] automates the manual processes that consume so much time during month-end close to focus on the higher priority things." – Sr. Manager, Financial Accounting (Enterprise > 1,000 employees)
• "Impressed - Transparency of the workflow keeps team members accountable and makes aggressive close schedules possible." – Contract Accountant (Enterprise > 1,000 employees)
• "Great System - [BlackLine] allows users, preparers, approvers and reviewers to access all reconciliations in one unified place.  It is a fantastic upgrade from performing reconciliations by the use of only Excel spreadsheets.  BlackLine allows for easy and seamless operations, making audit reviews much easier than before." – Sr. Accountant/Analyst (Enterprise > 1,000 employees)

G2's online marketplace boasts 100,000+ software and services companies in 2,000+ categories and over 1.5 million trusted user reviews.

"Simply put, G2 is where you go for software," said Godard Abel, co-founder and CEO, G2.  "Our annual Best Software List aims to guide buyers on their purchasing decisions, knowing they can trust in the credibility and objectivity of our scoring algorithms.  We applaud those companies named to our  2022 list, as they've earned the satisfaction among their customers as well as an impressive market presence." 

Software sellers are ranked based on a combination of Satisfaction and Market Presence scores.  To be included in one of G2's Software Sellers or Software Products "Best Of" lists, a software seller or product must have received at least 50 approved and published reviews during the 2021 calendar year.  Scores reflect only data from reviews submitted during this evaluation period.  To learn more, view G2's scoring methodology.

The G2 accolades come on the heels of BlackLine taking first place in two financial close categories ('Best Relationship' and 'Best Feature Set') in the second annual 'Best of Finance Software Awards' presented last month by B2B software peer review platform TrustRadius.

About BlackLine
Companies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable.  BlackLine's cloud-based financial operations management platform and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility.  BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control.

More than 3,800 customers trust BlackLine to help them close faster with complete and accurate results.  The company is the pioneer of the cloud financial close market and recognized as the leader by customers at leading end-user review sites including Gartner Peer Insights, G2 and TrustRadius.  BlackLine is a global company with operations in major business centers around the world including Los Angeles, New York, the San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Singapore and Sydney. 

For more information, please visit blackline.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/blackline-takes-top-spot-for-financial-close-on-annual-g2-list-of-the-best-software-products-301482253.html

SOURCE BlackLine

FAQ

What recognition did BlackLine receive from G2 in 2022?

BlackLine was ranked first for financial close software on G2's 'Best Accounting & Finance Products of 2022' list.

How many reviews did BlackLine receive on G2?

BlackLine has received over 630 reviews on G2.

In which segments did BlackLine rank first according to G2?

BlackLine ranked first in both mid-market and enterprise segments.

What other awards did BlackLine receive recently?

BlackLine received 'Best Relationship' and 'Best Feature Set' awards from TrustRadius.

What company ticker symbol is associated with BlackLine?

The ticker symbol for BlackLine is BL.