STOCK TITAN
  1. Home
  2. News
  3. BL

BlackLine, Inc. - BL STOCK NEWS

Welcome to our dedicated page for BlackLine news (Ticker: BL), a resource for investors and traders seeking the latest updates and insights on BlackLine stock.

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.

News

BlackLine Adds 1,000th Modern Accounting Playbook (MAP) Customer

Rhea-AI Summary
BlackLine, Inc. reaches a milestone with its 1,000th Modern Accounting Playbook customer, offering bundled software and services to streamline accounting operations. The MAP solution accelerates accounting modernization and enhances processes, with customers like GoodRx benefiting from quick implementation and scalability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
none
-
News

BlackLine Announces Participation in Upcoming Investor Conferences

Rhea-AI Summary
BlackLine, Inc. (BL) management team to participate in investor conferences in March 2024. Webcasts will be available on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
conferences
-
News

BlackLine Named to G2's Annual Best Accounting & Finance Software List for the 5th Year in a Row

Rhea-AI Summary
BlackLine, Inc.'s Financial Close Management solution receives prestigious recognition from G2 as one of the 'Best Accounting & Finance Products for 2024', highlighting its ease-of-use, visibility, breadth of functionality, workflow, and reporting capabilities. This marks the fifth consecutive year of BlackLine's leadership acknowledgment by G2, showcasing its position as a premier platform for the Office of the CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
Tags
none
News

BlackLine Announces Fourth Quarter and Full Year 2023 Financial Results

Rhea-AI Summary
BlackLine, Inc. (BL) reported strong financial results for Q4 and full year 2023, with total GAAP revenues of $155.7 million and $590.0 million respectively. The company saw significant increases in operating margins and net income, showcasing positive growth. BlackLine added 30 net new customers in Q4, expanded its user base, and achieved a dollar-based net revenue retention rate of 106%. The company also announced new Trade Management capabilities and key executive hires.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.46%
Tags
earnings
-
News

SaaS and Intelligent Automation Industry Veteran Sumit Johar Joins BlackLine as Chief Information Officer

Rhea-AI Summary
BlackLine, Inc. (BL) appoints Sumit Johar as CIO to lead IT and InfoSec, scale cloud operations, and drive AI initiatives. Johar brings over 20 years of cloud experience and aims to enhance BlackLine's digital transformation and global business operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
none
-
News

BlackLine Announces Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Rhea-AI Summary
BlackLine, Inc. (Nasdaq: BL) will release financial results for Q4 and full year 2023 on February 13, 2024. A conference call will be hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. Access the live webcast and replay on BlackLine’s investor relations website. Participants can register for the conference call by phone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
Tags
earnings
News

Nearly 40% of CFOs Do Not Completely Trust Their Organization's Financial Data, According to BlackLine Survey

Rhea-AI Summary
New research commissioned by BlackLine, Inc. reveals that 40% of CFOs do not trust their organization's financial data accuracy, impacting strategic decision-making. Confidence in cash flow visibility also remains low, hindering response to market changes. Majority are automating finance activities to address trust issues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.72%
Tags
none
-
News

BlackLine Co-CEO Therese Tucker Takes No. 1 Spot on The Software Report's 2023 Top Women Leaders in SaaS List

Rhea-AI Summary
BlackLine, Inc. Co-CEO Therese Tucker has been named 2023's No. 1 'Top Woman Leader in SaaS' by The Software Report, a leading source for market research and insights related to the software and SaaS sectors. Tucker was recognized for building BlackLine into a market leader and becoming one of the first female tech company founders to take her company public. BlackLine was also ranked No. 5 worldwide by The Software Report on its 2023 'Top 100 Software Companies' list, highlighting its impressive customer and partner rosters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
none
-
News

Technology Industry Veteran Emily Campbell Joins BlackLine as Chief Marketing Officer

Rhea-AI Summary
BlackLine, Inc. (Nasdaq: BL) announced the addition of Emily Campbell as chief marketing officer (CMO) to drive global marketing strategy as the digital finance transformation leader seeks to capitalize on the growing worldwide demand for solutions that drive greater automation, efficiency, financial governance, and risk management for the Office of the CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.44%
Tags
none
News

Business Leaders Ready to Embrace AI and Other Emerging Technologies to Enhance Financial Operations, But Challenges Remain - BlackLine Survey Reveals

Rhea-AI Summary
BlackLine, Inc. (Nasdaq: BL) survey reveals C-suite and F&A leaders' expectations and concerns around the adoption of Generative AI and other emerging technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
acquisition AI

FAQ

What is the current stock price of BlackLine (BL)?

The current stock price of BlackLine (BL) is $61.69 as of November 21, 2024.

What is the market cap of BlackLine (BL)?

The market cap of BlackLine (BL) is approximately 3.8B.

What does BlackLine, Inc. do?

BlackLine, Inc. provides enhanced financial controls and automation software to streamline financial close operations. Their solutions include account reconciliations, variance analysis, journal entries, and data matching capabilities.

How does BlackLine's software benefit businesses?

BlackLine's software automates repetitive tasks, unifies data, and provides real-time controls and transparency, helping businesses improve accuracy and efficiency in their accounting functions.

What is the Journals Risk Analyser?

The Journals Risk Analyser is an AI-powered tool by BlackLine that provides insights and anomaly detection for journal entries, ensuring compliance and making audits more efficient.

Who is the new CIO of BlackLine?

Sumit Johar, a veteran in SaaS and intelligent automation, has joined BlackLine as the Chief Information Officer.

What are some recent achievements of BlackLine?

Recent achievements include the launch of the Journals Risk Analyser and the availability of Financial Reporting Analytics as an SAP Solution Extension.

How many customers does BlackLine serve?

BlackLine serves over 4,400 customers worldwide.

Where is BlackLine headquartered?

BlackLine is headquartered in Los Angeles, California.

What industries does BlackLine cater to?

BlackLine caters to various industries requiring enhanced financial controls and automation, particularly those looking to modernize their financial close processes.

What is BlackLine's mission?

BlackLine's mission is to continuously improve the quality, accuracy, and efficiency of accounting and finance functions through its unified cloud platform.

How does BlackLine integrate with other systems?

BlackLine's solutions are compatible with multiple ERP systems, including SAP, providing seamless integration and enhanced financial management capabilities.

Stock BL logo
BlackLine, Inc.

Nasdaq:BL

BL Rankings

#1483 Ranked by Market Cap
N/A Ranked by Dividends

BL Stock Data

3.81B
51.66M
7.98%
97.74%
7.41%
Software - Application
Services-prepackaged Software
Link
United States of America
WOODLAND HILLS