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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 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.
BlackLine (Nasdaq: BL) announced that its cloud-based solutions for financial close complement SAP's RISE with SAP offering. This collaboration aims to accelerate digital transformations for businesses transitioning to SAP S/4HANA® Cloud. With an average payback period of less than a year and an ROI of 2.77x, BlackLine's solutions promise enhanced automation and internal controls. SAP recognized BlackLine with the 2021 Pinnacle Award for Partner of the Year, underscoring its importance in financial process automation. This partnership aligns with a growing demand for efficient financial automation across multiple industries.
BlackLine, Inc. (Nasdaq: BL) has expanded its global partner program to capitalize on a $28 billion market opportunity in financial close and accounts receivable automation. This initiative aims to enhance customer success and scale business operations. The program includes partnerships with major firms like SAP, Deloitte, and KPMG to boost digital transformation in finance. A dedicated Field Alliances team will support partners in maximizing go-to-market capabilities. BlackLine currently serves nearly 300,000 users across 3,500 companies, emphasizing its leadership in the cloud financial close market.
BlackLine (Nasdaq: BL) announced its participation in several virtual investor conferences. These include the William Blair Growth Stock Conference on June 2, the BofA Securities Global Technology Conference on June 9, and the Baird Global Consumer, Technology & Services Conference on June 10. Each presentation will be webcast live and archived on BlackLine's investor relations website. BlackLine offers cloud-based solutions that modernize accounting processes for businesses, enhancing efficiency and control.
BlackLine (Nasdaq: BL) has been awarded the 2021 SAP Pinnacle Partner of the Year Award in the Solution Extensions category, recognizing its contributions as one of only 21 winners from over 20,000 SAP partners globally. This accolade reflects BlackLine's robust partnership with SAP and its innovative cloud-based solutions that enhance SAP technologies. BlackLine's offerings, such as SAP Account Substantiation and Automation, bring automation, control, and data integrity to finance departments, aiding businesses in their digital transformation journeys.
BlackLine has achieved ISO/IEC 27017:2015 certification, confirming compliance with cloud security standards. This certification enhances its commitment to data security and privacy across its cloud services. The assessment was conducted by the British Standards Institute, recognizing BlackLine's robust policies in information security management. CEO Marc Huffman emphasized the importance of secure cloud services, especially during the pandemic, while Chief Security Officer Max Solonski highlighted the priority of client confidentiality. This achievement positions BlackLine among a select group of organizations surpassing ISO 27001 requirements.
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