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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, Inc. (Nasdaq: BL) will announce its third quarter financial results for the period ending September 30, 2021, on November 4, 2021, following the market close. Management will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results. The call will be accessible via BlackLine's investor relations website, with a replay available until November 11, 2021. BlackLine specializes in cloud-based accounting solutions, serving nearly 3,600 customers globally.
Andres Botero, the chief marketing officer of BlackLine (Nasdaq: BL), will present at the SaaStr Annual 2021, the largest SaaS event globally, from Sept. 27-29 in San Mateo, CA.
His talk, titled 'The How and Why of Category Creation and Leadership', focuses on strategies for engaging industry analysts to establish software categories and market leadership. This comes after BlackLine was named a Top 100 Software Company for 2021 by The Software Report, securing the 20th position alongside major players like Microsoft and Salesforce.
BlackLine (Nasdaq: BL) has achieved a significant milestone by surpassing 1,000 customers utilizing its accounting automation software with Oracle ERPs. Currently, 15 of the Fortune 25 companies implement BlackLine for automating key financial processes. BlackLine's solutions enhance visibility and control throughout the financial close process, which is crucial for digital finance transformation. The company is recognized for its innovative cloud-based offerings and strong customer service, positioning it as a leader in the accounting automation market.
BlackLine (Nasdaq: BL) has announced its participation in the Piper Sandler Global Technology Conference, scheduled for September 13, 2021. The management team will provide insights into the company's cloud-based solutions that modernize accounting processes. Interested investors can access the presentation through BlackLine's investor relations website. With nearly 3,600 customers, BlackLine is recognized as a leader in cloud financial close solutions, enhancing efficiency, visibility, and accountability in accounting.
BlackLine, Inc. (Nasdaq: BL) reported its Q2 2021 financial results, showing strong revenue growth of 23% year-over-year with total GAAP revenues of $102.1 million. However, the company faced a GAAP net loss of $25.4 million or $0.44 per share, deeper than the $8.3 million net loss in Q2 2020. Non-GAAP net income fell to $9.6 million, compared to $11.9 million last year. The company added 116 new customers, bringing the total to 3,598. Looking ahead, BlackLine expects Q3 GAAP revenues between $106.5 million to $107.5 million.
BlackLine CEO Marc Huffman has been invited as a judge for the 2021 Forbes Cloud 100, honoring the top 100 private cloud companies globally. The virtual ceremony will take place on August 10, 2021. BlackLine, which went public shortly after being included in the inaugural list in 2016, continues to lead in accounting automation. The Cloud 100 selection criteria include valuation, operating metrics, company culture, and market leadership. As a pioneer in cloud financial solutions, BlackLine serves nearly 3,500 customers worldwide.
BlackLine, a leader in accounting automation, announced the opening of nominations for the 2021 Modern Accounting Awards. The awards celebrate organizations that leverage BlackLine's solutions to enhance financial processes. Categories include Unifier, Accelerator, Closer, Modernizer, and Transformer. Nominations are accepted until August 31, with winners recognized at the virtual conference BeyondTheBlack™ 2021 from November 16 to 18. With around 3,500 customers, BlackLine's solutions are praised for modernizing accounting practices.
BlackLine (NASDAQ: BL) has partnered with Kyriba to enhance financial close processes and accounts receivable automation. This collaboration aims to improve bank connectivity and cash visibility for mutual customers. By leveraging integrated solutions, organizations can expect reduced business-process costs, increased efficiencies, and streamlined bank reconciliations. Key offerings include accelerated bank connections, AI-powered accounts receivable automation, and enhanced financial close management. The partnership positions both companies to better serve CFOs and Treasury leaders amidst evolving financial landscapes.
BlackLine, Inc. (Nasdaq: BL) announced its upcoming release of financial results for Q2 2021, scheduled for August 5, 2021, after market close. A conference call will follow at 2:00 p.m. PT/5:00 p.m. ET, accessible via the company's investor relations website. BlackLine offers cloud-based solutions that automate accounting processes for nearly 3,500 customers globally. The company specializes in financial close management and is recognized as a leader in the sector by various customer review platforms.
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