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BlackLine, Inc. (Nasdaq: BL) is the premier provider of enhanced financial controls and automation (EFCA) software, dedicated to modernizing the financial close process for businesses worldwide. With its unified cloud platform, BlackLine offers a wide range of solutions that streamline financial operations, ensuring balance sheet integrity and enhancing the accuracy and efficiency of accounting functions.
Recognized as a leader in EFCA and Financial Corporate Performance Management (FCPM) by Gartner, BlackLine serves over 4,400 customers globally, delivering innovative solutions that automate repetitive tasks, unify data, and provide real-time control and transparency. The company's Software as a Service (SaaS) offerings include account reconciliations, variance analysis, journal entry capabilities, and data matching, enabling customers to transition to a continuous accounting model.
Recent achievements include the introduction of the Journals Risk Analyser, an AI-powered tool that provides insights and anomaly detection for journal entries, enhancing compliance and audit efficiency. Additionally, BlackLine's Financial Reporting Analytics solution is now available as an SAP Solution Extension, further solidifying its partnerships and expanding its reach.
BlackLine continues to build on its commitment to digital finance transformation with the appointment of Sumit Johar as Chief Information Officer, bringing over two decades of enterprise cloud and automation experience to the leadership team.
Headquartered in Los Angeles, BlackLine operates in major business centers including New York, London, Paris, Frankfurt, Tokyo, and Sydney, with a mission to lead the market in modern finance solutions and drive innovation for the Office of the CFO.
BlackLine (Nasdaq: BL) has received the Controllers Council Seal of Approval™ for its financial operations management solutions, according to ratings from over 90,000 finance professionals. The recognition highlights its capabilities in managing financial close, accounts receivable, and intercompany accounting. The Seal of Approval program evaluates services used in finance and accounting via applications and anonymous surveys, ensuring credibility. BlackLine's platform is essential for optimizing accounting processes, enabling organizations to enhance efficiency and accuracy in financial reporting.
BlackLine, Inc (Nasdaq: BL) has opened nominations for the 2022 Modern Accounting Awards, recognizing organizations that utilize modern accounting practices to achieve transformational outcomes. This year's ceremony will feature seven categories, including 'The Unifier' and 'The Transformer'. Nominations are accepted until May 31, with winners to be announced at the BeyondTheBlack™ user conference in Las Vegas from November 8-10. Companies like Dentsu International and Domino's have been previous winners.
BlackLine, Inc. (Nasdaq: BL) will participate in the JMP Securities Technology Conference on March 8, 2022, at 10:30 PST. The presentation will be accessible via BlackLine's investor relations website. BlackLine specializes in modernizing accounting processes through its cloud-based financial operations management platform. With over 3,800 customers, it aims to enhance financial close efficiency and accuracy, and is recognized as a leader in the cloud financial close market.
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.
BlackLine, Inc. (Nasdaq: BL) reported its Q4 and full-year 2021 financial results, showing a 20% increase in Q4 GAAP revenues to $115.3 million. However, the company recorded a net loss of $37 million, compared to a loss of $17 million in Q4 2020. For the full year, GAAP revenues rose 21% to $425.7 million, with a net loss of $115.2 million. Notable highlights include adding 121 new customers, a 109% dollar-based net revenue retention rate, and strategic acquisitions, including FourQ. For Q1 2022, guidance anticipates GAAP revenue of $119-$120 million.
BlackLine (Nasdaq: BL) has expanded its partnership with Google Cloud to enhance automation solutions for finance and accounting.
The collaboration aims to accelerate digital finance transformation and modern accounting initiatives for organizations globally.
This initiative allows businesses to leverage Google Cloud's infrastructure, ensuring increased productivity for CFOs and CIOs and providing critical financial insights through advanced analytics and machine learning capabilities.
BlackLine (Nasdaq: BL) has successfully completed its acquisition of FourQ Systems, Inc. for $165 million, plus potential earnout of $75 million based on performance milestones. This acquisition enhances BlackLine's intercompany accounting solutions by introducing advanced tax compliance capabilities, thereby streamlining traditionally manual processes. The deal, which closed on January 26, 2022, positions BlackLine to better meet the growing demand for efficient financial operations amidst complex global regulations.
BlackLine has been awarded first place in two categories—'Best Relationship' and 'Best Feature Set'—by TrustRadius for its financial close automation software. This recognition is based on customer feedback and highlights BlackLine's strong performance in providing effective solutions and excellent customer service. Over 3,700 customers trust BlackLine to enhance their accounting processes. This marks the second consecutive year BlackLine has received accolades from TrustRadius, reinforcing its position as a leader in the cloud financial close market.
BlackLine, Inc. (Nasdaq: BL) announced it will report its financial results for Q4 and the full year ended December 31, 2021, after market close on February 10, 2022. This will be followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET, accessible via a live webcast on BlackLine's investor relations website. BlackLine's cloud-based solutions streamline accounting processes for over 3,700 customers, marking its leadership in the cloud financial close market.
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