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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 release its financial results for Q1 2023 on May 4, 2023, after market close. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET, accessible via the company's investor relations website. BlackLine specializes in cloud-based financial operations management, catering to over 4,100 customers by automating accounting processes and enhancing data visibility. The company aims to modernize accounting through its platform, recognized as a leader in the financial close market. For further information, the replay of the call will be available for a limited time.
BlackLine (Nasdaq: BL) is hosting the 13th annual European conference in London from March 14-15, 2023. The event, named BeyondTheBlack EMEA 2023, will feature over 15 customers including Bayer and T-Mobile sharing their experiences with BlackLine's accounting automation solutions. Highlights include more than 30 sessions on topics like advanced automation technologies and process optimization. Notable speakers include Therese Tucker and Louis Theroux. The conference aims to empower Finance & Accounting professionals to enhance their operations and transform their financial processes.
BlackLine, Inc. (Nasdaq: BL) announced the appointment of Therese Tucker and Owen Ryan as Co-Chief Executive Officers, effective immediately. Thomas Unterman has been named Lead Independent Director. This leadership transition aims to capitalize on the company's growth prospects. Tucker, a founder and former CEO, brings two decades of expertise, while Ryan, with extensive operational experience, will support business strategy. The company reaffirmed its financial outlook for Q1 and FY 2023, projecting GAAP revenues of $137-139 million in Q1 and $586-596 million for the full year, alongside non-GAAP net income expectations of $11-13 million and $66-70 million, respectively.
BlackLine (Nasdaq: BL), a leader in accounting automation software, has been named one of the 'Best Accounting & Finance Products of 2023' by G2 for the fourth consecutive year. This recognition underscores BlackLine's effectiveness in helping midsize and enterprise companies automate finance and accounting processes. G2's awards are based on genuine customer reviews, with BlackLine achieving at least 50 approved reviews in the previous year. Customers praised BlackLine for its user-friendly interface, robust reporting capabilities, and exceptional support, highlighting its significant impact on improving workflow efficiency.
BlackLine (Nasdaq: BL) announced its participation in two upcoming investor conferences in March 2023. The first event is the JMP Securities Technology Conference on March 6, 2023, at 12:00 PM PT in San Francisco, CA. The second event is the Morgan Stanley Technology Media & Telecom Conference on March 7, 2023, at 10:25 AM PT, also in San Francisco. Both presentations will be accessible on BlackLine's investor relations website. BlackLine is recognized for transforming traditional accounting processes with its cloud-based financial operations management platform, serving over 4,100 customers globally.
On February 22, 2023, BlackLine (Nasdaq: BL) announced an expanded alliance with Kofax to enhance its accounts receivable (AR) automation solutions with electronic invoicing capabilities from Kofax's Tungsten Network. This partnership aims to optimize the invoice-to-cash process for customers, providing features like electronic invoicing to streamline payments and ensure compliance with international guidelines. The integration will enhance operational efficiency and compliance for midmarket and enterprise organizations amid evolving electronic invoicing regulations. BlackLine serves over 4,100 clients globally, bolstering its position in the financial operations management market.
BlackLine, Inc. (Nasdaq: BL) reported robust financial results for Q4 and the full year of 2022. Q4 GAAP revenues reached $140.0 million, up 21% year-over-year, with a net income of $11.3 million or $0.18 per diluted share. For the full year, total GAAP revenues were $522.9 million, a 23% increase. However, BlackLine recorded a net loss of $29.4 million, equivalent to $0.49 per share. Noteworthy metrics include a customer base of 4,188 and a dollar-based net revenue retention rate of 107%. The company forecasts Q1 2023 GAAP revenue between $137 million and $139 million.
BlackLine, Inc. (Nasdaq: BL) has opened nominations for the 2023 Modern Accounting Awards, recognizing customers who leverage modern accounting practices to achieve transformative outcomes. This is the fifth annual program, and winners will be celebrated at the BeyondTheBlack conference in San Diego from Sept. 11-13. Categories include The Accelerator, The Capitalizer, The Closer, The Modernizer, The Pioneer, The Transformer, and The Unifier. Nominations are accepted until March 17. BlackLine's cloud-based solutions aim to automate and unify financial processes, helping over 4,000 customers improve their accounting efficiency.
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