Los Angeles, CA
Overall Rank: 20
Category: Finance & Accounting
Category Rank: 4
- Top Software Company of 2021
- Top Software Company of 2020
Companies come to BlackLine because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions help companies move to modern accounting by automating financial close, accounts receivable, and intercompany accounting processes.
Founded in 2001 by Therese Tucker, former CTO of SunGuard Treasury Systems, the company set out to replace outdated Excel spreadsheets with an accounting-specific suite of solutions. Now under the direction of CEO Marc Huffman, BlackLine’s accounting automation platform is considered an industry leader with nearly 3,500 customers including Coca-Cola, Dow, eBay, Nasdaq, and Sirius XM.
The company recently expanded its global partner program to scale its business, drive sustained growth and customer success through a world-class partner ecosystem, and further penetrate the combined $28B opportunity in the financial close and accounts receivable automation markets. BlackLine partners include such notable names as Capgemini, Deloitte, EY, KPMG, and SAP.
As Finance & Accounting roles evolve to include strategic guidance to the business, accurate and real-time data is more important than ever. BlackLine’s Financial Close Management solutions help companies close faster with more complete and accurate results. By driving accountability through visibility and automating repetitive work like reconciliations, journal entries and other close tasks, BlackLine enables a more strategic controllership function.
In pursuit of its mission to build the most indispensable platform for the controllership, BlackLine offers a full suite of accounts receivable automation solutions. From credit and risk management to cash application, and from collections and dispute management to AR intelligence, BlackLine helps companies make smarter, more accurate finance and credit decisions by transforming the order-to-cash cycle, reducing manual activity, unlocking working capital and more.
Intercompany accounting is complex, cross-functional and often a top source of errors, late adjustments and restatements. BlackLine’s intercompany solutions help companies eliminate bottlenecks, reduce risk and enhance controls governing and automating the entire lifecycle of an intercompany transaction from transaction creation through netting and settlement. BlackLine’s cloud solutions deliver intelligent workflows, invoicing, reconciliation, substantiation, audit trails and more.
BlackLine’s culture is inclusive, open and accepting. It’s a place where BlackLiners can embrace what makes them unique and think, create and serve in a workplace community where they can be themselves and be a positive influence. Blackline is proud of the mix of cultural backgrounds and varying interests that cultivate collaboration and encourage diverse thoughts and different perspectives.
Giving back to the community has been at the heart of BlackLine since the beginning. As part of this tradition, BlackLine works with local charities to provide volunteering experiences that bring together BlackLine employees, partners and clients to serve the Los Angeles community. The BlackLine Together program provides all BlackLiners with the ability to give back and make a positive impact in the communities in which they work and live. BlackLine matches employee donations to human services-focused charities dollar for dollar and provides opportunities to give back through virtual and in-person volunteer initiatives and campaigns.
BlackLine also is proud to create a positive environmental impact simply by the nature of the service it provides, which reduces customers’ reliance on printed financial information and reports. In addition, BlackLine works hard to reduce the environmental impact of its operations through sustainability initiatives. BlackLine believes that when creating a healthy workplace, it’s important to focus on what’s best for employees and the community around us. BlackLine offers a hybrid and flexible work model that fits the needs of the business and the diverse needs of its employees. In BlackLine offices, they’ve instated a program to eliminate single-use plastics; they’ve reduced waste streams by participating in local recycling programs and providing reusable or compostable containers; they facilitate electric vehicle use with charging stations; they practice sustainable-focused procurement in new office construction.