BlackLine
Financial Processes
Los Angeles, CA

(0.0)
Review

Overall Rank: 35
Category: Finance & Accounting
Category Rank: 3

Awards:
Top 100 Software Companies of 2020

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Profile

BlackLine’s cloud-based solutions are designed to automate financial close processes. Founded in 2001 by Therese Tucker, former CTO of SunGuard Treasury Systems, the company set out to replace outdated Excel software with an accounting-specific suite of tools. Last month, the company partnered with Capgemini to develop finance and accounting teams that will optimize business efficiency and reduce process costs.

BlackLine’s accounting automation software is considered an industry leader with over 3,000 customers including Coca-Cola, Costco, Netflix, Google, and Sirius XM Holdings. Blackline has continued to experience a strong upward trajectory, with recent year over year growth of nearly 30%. Their “one stop shop” style of accounting services has been praised for increasing efficiency of the review process, report running, and for its easy access to historical financial data.

Key Products

1. Balance Sheet Integrity - The BlackLine Balance Sheet Integrity solution standardizes and automates reconciliations - from general ledger, to balance sheet account, to bank, credit card, cash, and inventory reconciliations - streamlining and controlling close cycles to minimize the risk of material errors and misstatements, and enabling accounting and finance teams to focus their efforts on performing value-added activities and delivering confidence and trust in their organization's financial statements.

2. Close Process Management - Faced with accelerated reporting deadlines and unrelenting demands for higher quality information, accounting and finance teams are constantly challenged to increase operational efficiency and contribute more prominently to the strategic direction of the business.

3. Accounting Process Automation - In the face of increasing market and customer demands, growing regulatory complexity, and rising internal expectations, accounting and finance are continuously pressured to explore new strategies to cut back-office costs and improve efficiency.

4. Intercompany Hub - Eliminate the biggest bottleneck and risk to a fast, accurate global financial close with an integrated intercompany accounting process.

5.SAP Financial Mission Control Center - Our solutions complement SAP Advanced Financial Closing, SAP Group Reporting, SAP ECC, SAP S/4HANA, and other SAP software as part of an end-to-end offering for Finance.