The PRWIRE Press Releases https:// 2021-05-11T03:32:12Z BlackLine Achieves ISO/IEC 27017 Cloud Security Certification 2021-05-11T03:32:12Z blackline-achieves-iso-iec-27017-cloud-security-certification LOS ANGELES – May 10, 2021 – Leading the way once again in cloud financial close automation, BlackLine, Inc. (Nasdaq: BL) has achieved ISO/IEC 27017:2015 certification, demonstrating the company’s compliance with the internationally recognised standard for cloud security. The certification confirms the company adheres to the latest information security industry standards across its internal cloud services and also maintains and enforces robust and effective policies and procedures to ensure the security and privacy of the data managed by its flagship cloud platform, “With our employees and the majority of customers now working in a fully distributed environment as a result of the global pandemic, providing secure and private cloud services is more important than ever,” Marc Huffman, BlackLine CEO, said. “Achieving ISO/IEC 27017 certification reaffirms our longstanding commitment to comply with information security protocols to ensure security and privacy across our full gamut of cloud services – both those we utilise to run our systems internally, as well as those we provide to customers.” ISO/IEC 27017:2015 is the latest in the internationally recognised ISO/IEC 27000 series of protocols that comprise information security standards published jointly by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) to provide best practice recommendations on information security management, risk mitigation and improved control environments within the context of an overall Information Security Management System (ISMS). In 2013, BlackLine was first in the cloud financial close automation category to achieve the original ISO/IEC 27001 certification, and first to successfully complete a SOC 2 (System and Organization Controls) Type 2 examination and 3rd-party audit. With its ISO/IEC 27017 certification, BlackLine joins a small number of organisations that have gone beyond the requirements of ISO/IEC 27001 to also ensure its cloud security practices are best-of-breed. ISO/IEC 27017 expands on the ISO/IEC 27000 series of standards, providing guidelines for information security controls applicable to and specific to the secure provisioning and use of cloud services. Following a multi-audit certification process, the British Standards Institute (BSI), an accredited certifying body of ISO/IEC 27000 standards, determined that BlackLine’s ISMS conforms to the requirements for ISO/IEC 27017:2015 certification. “It’s more critical now than ever for organisations to proactively secure their internal IT environments, as well as outward, customer-facing systems, and effectively comply with regulations and standards such as ISO/IEC 27017,” said Max Solonski, chief security officer at BlackLine. “Keeping our clients’ confidential information safe is our No. 1 priority. This 3rd-party assessment and certification from BSI is a testament to the work we’ve done to make this happen and to the fact that we’ve built a secure cloud environment all-around.”About BlackLineCompanies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control. Nearly 3,500 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer of the cloud financial close market and recognised as the leader by customers at leading end-user review sites including Gartner Peer Insights, G2 and TrustRadius. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit blackline.com. New Accounts Receivable Solution From BlackLine Enhances Strategic and Operational Decision-Making for Global Businesses 2021-04-06T03:23:26Z new-accounts-receivable-solution-from-blackline-enhances-strategic-and-operational-decision-making-for-global-businesses LOS ANGELES AND LONDON — April 1, 2021 — Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) has unveiled BlackLine AR Intelligence, the latest offering in its portfolio of accounts receivable (AR) automation solutions designed to complement and enhance its broader financial operations management platform. BlackLine AR Intelligence enables customers to manage financial risks and opportunities by providing access to real-time, actionable data to help them understand their customers’ financial behaviours and use the information to impact strategic and operational decision-making.Managing debtors and the overall assessment of customer payment behaviours has never been as critical as it is in today’s economic climate. Businesses need to make decisions based on accurate, real-time intelligence. BlackLine AR Intelligence takes the strategic value of BlackLine’s AI-powered Cash Application solution to the next level by harnessing real-time data and combining it with powerful analytics to improve critical decision-making across the enterprise. “Now more than ever, business resilience and cash management is top of the agenda. BlackLine AR Intelligence provides our customers with a deep understanding of the financial risks and opportunities within their customer bases, unlocking data either previously not available to them or that took days and weeks to generate manually,” said Kevin Kimber, managing director of BlackLine’s global accounts receivables business unit. “BlackLine AR Intelligence delivers real-time credit, debt and sales insights that benefit not only the Accounts Receivable, Credit Management and Order-to-Cash departments, but other senior stakeholders such as the CFO, Office of the Controller, Treasury and even the CRO/Sales team, enabling companies to reduce risk, improve forecasting, optimise working capital and grow revenues by analysing precise customer payment and credit behaviours.”More than US$187 billion of payments were applied through BlackLine Cash Application in 2020. By adding BlackLine AR Intelligence, customers gain critical business insights to manage risk, cash flow and collections, as well as real-time analysis and reports. Pre-configured, interactive dashboards display key information such as:Customer Behaviour Insights: Sales and payment performance data, such as invoiced sales by month and cash by month, and the correlation/variance between the two. Payment Terms v. Cash Collected: Ability to track and measure payment terms, outstanding balances, cash collected and debt positions across the customer base and see how customers actually pay against those terms.Payment Forecasting: Ability to forecast weekly collections and measure accuracy by using real-time customer payment behaviour dataSales Ledger Analysis: An analysis of the relationship between volume of customers and value of debt outstanding, e.g. debt by value, count of invoices by value, count of customers by value. Bank Utilisation: Ability to see customer accounts linked by the same bank details or sales ledger accounts linked by payee details to see how customers are paying and for which accounts, leading to a better understanding of overall exposure/risk. Days Sales Outstanding (DSO): Automated calculations around the time it takes to collect payment, such as cash collected last month, customers by balance, customers with the most debt and debtor day value by month.“BlackLine AR Intelligence is a natural complement to our Cash Application solution, delivering on our vision to be the most indispensable platform for the controller,” added Mr. Kimber. “Coupled with the ability to link everything back to our market-leading financial close platform for currency adjustments, intercompany cash, bad debt reserves and suspense accounts, we are redefining the way AR work gets done and unlocking new strategic value for our customers.”Here’s what customers are saying about their experience using BlackLine AR Intelligence:“A strategic review and a dynamic approach to collections. Have not seen any other solution to get to this level of data.”“Enhances operational performance to see problems which would normally be overlooked because we don’t have the data.”“Very powerful and easy to use; of great value to us, particularly from a management perspective.”“Love the fact that we evaluate what is happening across our customer base in depth and quickly.”“The real power is having all of the data at my fingertips rather than spending hours creating reports.”Following the Oct. 2nd, 2020 announcement of its acquisition of Rimilia, BlackLine is actively expanding its capabilities in the AR automation space. BlackLine AR Intelligence is designed to be used alongside BlackLine Cash Application and is one of several AR automation offerings to come. To learn more, register for the upcoming Modern Accounting Summits (https://www.blackline.com/events/mas/) and attend a series of sessions dedicated to AR automation, Cash Application and AR Intelligence.About BlackLineCompanies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control.More than 3,400 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer of the cloud financial close market and recognised as the leader by customers at leading end-user review sites including Gartner Peer Insights, G2 and TrustRadius. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit: www.blackline.com Two in Three Australian Business Leaders and Finance Professionals Lack Confidence in The Data Used To Make Financial Decisions 2021-02-03T05:30:58Z two-in-three-australian-business-leaders-and-finance-professionals-lack-confidence-in-the-data-used-to-make-financial-decisions SYDNEY – 3 February 2021 – A global survey of C-suite executives and Finance and Accounting (F&A) professionals commissioned by accounting automation software leader BlackLine, Inc.(Nasdaq: BL) has revealed that just over one third (36%) of Australian respondents are confident that the financial data they use for financial analysis and forecasting is accurate – even though 26% indicate they are now under more pressure to provide an accurate picture of company performance because of the COVID-19 pandemic. The survey by independent researcher, Censuswide, examined the impact of COVID-19 on a randomly selected sample of 150 Australian business leaders and F&A professionals working in large enterprises as well as 1,200 counterparts in the US, Canada, UK, Germany, France, and Singapore. Findings suggest that while businesses now recognise the critical role financial data has to play in informing business strategy and continuity, poor visibility and a lack of access to real-time data is hindering companies’ ability to respond to volatile market changes. When asked about the impact the pandemic has had on their organisation, four in 10 (45%) Australian respondents said their organisation has become more focused on financial scenario planning and stress testing because of the ongoing impact of COVID-19. At the same time, 51% said that F&A is increasingly being called upon by their boards of directors to help with scenario planning, highlighting the growing importance of financial insights as companies try to move from crisis mode into recovery. Just under one in five (16% ) of respondents are worried that their F&A departments are unable to provide data quickly enough for their company to respond to unpredictable market changes. A mixture of remote and office-based working over the next 12 months could make this even more challenging; more than one in four indicate that hybrid working models will make it more difficult for F&A teams to collaborate (26%) and that this could lead to inaccuracies in financial data (25%). Additionally, 13% of C-suite executives admit that they have no visibility into financial scenario planning or stress testing at their organisation, suggesting that more than one in ten key business leaders could be making decisions based on an incomplete picture of their organisation’s financial health. This lack of visibility is undermining trust in the data used for key financial processes and planning, particularly among the C-suite. Just over one in three (37%) C-level executives said they are completely confident in the accuracy of their company’s financial data. When F&A professionals were asked the same question, only 24% agreed they were completely confident in the accuracy of their company’s financial data. When respondents who did not completely trust the accuracy of their organisation’s data were asked why, the main reason (cited by close to half (49%) was their continued reliance on clunky spreadsheets and outdated processes that leave F&A teams in the dark until month-end. More respondents felt this was a problem in 2020 than in 2018 (27%) suggesting that digital transformation initiatives in F&A still have a long way to go. In addition, the survey results show that the pandemic has created a renewed urgency around digital transformation and investment in technology. Close to a third (28%) of those surveyed said developments over the last year have made people at their company value real-time access to financial data more and 41% said there is now more urgency to redesign core business processes. Furthermore, when it comes to the best practices that will help companies to remain competitive over the next year, technology that enables better management and visibility over financial data has a pivotal role to play. Just under a third (32%) said that investing in their company’s data analytics capabilities will help their organisation retain a competitive edge and the same number are considering implementing or scaling automation solutions to help increase the accuracy and reliability of their organisation’s financial data. “Since the COVID crisis began, Australian F&A professionals have had to contend with a multitude of demands for up-to-date reports and data, from senior executives, and ensure that they are compliant with government programs designed to cushion the impact of the virus, including JobKeeper and the Coronavirus Small and Medium Enterprises Guarantee Scheme,” said Claudia Pirko, ANZ Regional Director, BlackLine. “Accurate and timely financial reporting is ultimately the responsibility of those at the top – and never more so than when conditions are uncertain. This survey suggests that increased visibility across the accounting and finance lifecycle can provide companies that are prepared to retire legacy methodologies with the accurate, up-to-the-minute data they will need to inform their decision making in the post-COVID economy."More information, including a detailed whitepaper on the research, can be found here: https://www.blackline.com/resources/whitepapers/finance-accounting-in-a-post-covid-world/ Notes to Editors:The survey was conducted by independent research firm Censuswide, with 645 C-level and 655 F&A professionals in seven markets (US, Canada, UK, France, Germany, Australia and Singapore). The survey included a breakdown of respondents by job title. Respondents worked at a randomly selected sample of large organisations with minimum annual revenues as follows:UK: 50m GBPFrance: 50m EUROGermany: 50m EUROSingapore: 20m SGDCanada: 75m CADUS: 150m USDAustralia: 20m AUD The survey was conducted online between Nov. 25th and Dec. 2nd, 2020. About BlackLineCompanies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control.More than 3,200 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer of the cloud financial close market and recognised as the leader by customers at leading end-user review sites including Gartner Peer Insights, G2 and TrustRadius. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit: www.blackline.com BlackLine to Unveil New Solutions and Innovations For Finance and Accounting In Front of 15,000 Registrants at Company’s Largest Annual User Conference Ever 2020-11-17T05:43:07Z blackline-to-unveil-new-solutions-and-innovations-for-finance-and-accounting-in-front-of-15-000-registrants-at-companys-largest-annual-user-conference-ever-1 LOS ANGELES – Nov. 16th, 2020 – Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) today announced new products as well as updates to its flagship cloud platform designed to further enable Finance & Accounting (F&A) departments to transform and modernise their operations. The new features and solutions will be unveiled this week in front of more than 15,000 registrants at BlackLine’s annual global user conference, BeyondTheBlack™ 2020: The Modern Accounting Virtual Experience.Highlights of BlackLine’s enhanced platform functionality and new offerings include: BlackLine Cash Application to Simplify the Order-to-Cash ProcessBlackLine is launching BlackLine Cash Application. Using AI and machine learning, BlackLine Cash Application enables organisations to manage cash flow and cash collection in real time, simplifying the order-to-cash process by automating both the collection and allocation of customer cash. The launch marks BlackLine’s entrance into the accounts receivable automation market following the acquisition of Rimilia, a leader in the category. BlackLine Account Analysis to Mitigate Risk in High-Volume AccountsBlackLine Account Analysis is a new solution that helps organisations proactively manage risk by automatically analysing transactions in complex, high-volume accounts. Exceptions, such as aged items, are surfaced with clear action plans so they can be investigated, explained and resolved by Accounting team members who can add notes, comments and documentation in a fully auditable workflow. So much of this work is done today in spreadsheets as part of a traditional reconciliation process that often leads to errors. Account Analysis enhances BlackLine’s complete end-to-end reconciliation automation suite by enabling an even deeper level of detail, categorisation and resolution of exceptions and errant transactions. (General availability 2021.) New User Interface to Help Drive Finance Performance ManagementBlackLine is upgrading its user interface (UI) across the entire platform in an effort to create a more intuitive and streamlined user experience. The new UI is based on a library of elements that are deployed across the application, giving visual cues for the most important and commonly used items on any given page while assuring ease of use for all users. BlackLine has also completely redesigned the Unmatched Transaction interface to simplify the process of manually matching transactions, speeding up decision-making and saving time. Enhanced Integration with the Open Platform InitiativeWith the goal of enabling customers to connect to any source system, BlackLine has launched an API (application programming interface) portal empowering developers to integrate data, workflows and communication between BlackLine and other data sources. Using modern APIs, BlackLine is laying the foundation to further optimise and automate end-to-end accounting and financial use cases, further increasing efficiency and control. In addition to new APIs, BlackLine is also enhancing its ERP connectors for Sage Intacct, Microsoft Dynamics GP, Oracle NetSuite and Oracle E-Business Suite. Raising the Modern Accounting Bar for Companies Running on SAP® TechnologyBlackLine is enhancing its already extensive integration with SAP technology by adding connectivity with new SAP data sources and improved visibility for journal entry processing. BlackLine’s connectors for SAP systems can now extract inventory and other materials-related data from SAP systems automatically and provide a real-time, clickable link between SAP systems and BlackLine-originated journal entries. These enhancements continue to reduce manual effort and increase confidence in data completeness and integrity. “The global pandemic is bringing to the forefront what we’ve seen for years. Traditional manual accounting processes are not sustainable,” said Marc Huffman, BlackLine’s president, chief operating officer and incoming CEO. “As a result, businesses are placing renewed focus on risk management, control environments and cash flow optimisation. With our newest platform release and solution offerings, our customers have the opportunity to emerge from the pandemic stronger than ever with modernised F&A processes, improved working capital, greater data integrity and analysis, enhanced visibility and control, and reduced risk.” BeyondTheBlack, formerly InTheBlack, is BlackLine’s annual user conference that for the past 12 years has brought together a global community focused on innovation in Finance & Accounting. The new name encapsulates the new reality: accountants and other financial professionals are now being called on to do more than just close the books and verify that the numbers are right. What was previously their sole focus is now just one part of the value they bring. F&A leaders are embracing modern accounting by unifying systems, data and processes to deliver accurate results faster; automating routine work to focus on strategic business initiatives; and executing continuously to support the business in real time. Instead of just making sure organisations are ‘InTheBlack’, it’s time for accountants to go ‘BeyondTheBlack’. Unless otherwise noted, the above features and updates are currently available. BeyondTheBlack 2020 is taking place virtually Tuesday to Thursday, Nov. 17th to 19th, featuring more than 100 speakers spanning approximately 60 sessions. For information or to register for the complimentary virtual event, go here: https://www.blackline.com/beyondtheblack/ About BlackLineCompanies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control. More than 3,200 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer of the cloud financial close market and recognised as the leader by customers at leading end-user review sites including Gartner Peer Insights, G2 and TrustRadius. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com BlackLine Acquires Rimilia to Add AI-Powered Accounts Receivable Automation To Modern Accounting Platform 2020-10-06T01:51:03Z blackline-acquires-rimilia-to-add-ai-powered-accounts-receivable-automation-to-modern-accounting-platform Sydney, 6 October 2020 – BlackLine, Inc. (Nasdaq: BL), a leader in accounting automation software, announced today that it has completed the acquisition of Rimilia, an AI- powered cloud-based platform that enables accounts receivable (AR) automation and digital transformation. With Rimilia, BlackLine strengthens its position with the Office of the Controller by driving end-to-end automation of the cash lifecycle and ensuring greater data integrity. The acquisition expands BlackLine’s capabilities into an adjacent area, adding AR automation to financial close automation and accelerating BlackLine’s larger, long-term plan for transforming and modernising Finance & Accounting. Headquartered in the United Kingdom, Rimilia is a leading provider of accounts receivable automation solutions that enable organisations to control cash flow and cash collection in real time. Using artificial intelligence (AI) and machine learning, the SaaS (Software-as-a-Service) platform simplifies the order-to- cash process by automating both the collection and allocation of customer cash. Same-day cash allocation results in an unrivalled reduction in the number of days of sales outstanding, improves working capital and drives significant cost savings. Built for large and medium-sized enterprises and capable of integrating with nearly all ERP, bank and currency platforms, Rimilia is used by leading companies in major verticals. “With most companies using legacy, repetitive and manual processes to manage their order-to-cash, our customers and partners have long been asking for a solution that will enable better cash and liquidity management. This is especially critical now in these difficult economic times,” said Marc Huffman, president & COO of BlackLine. “This acquisition addresses that need and further expands BlackLine’s position as an indispensable platform for the Office of the Controller. Rimilia has created great value for its customers, and we are thrilled to build on the momentum the company has established to date while entering a new market and expanding our total addressable market opportunity.” The AR market is a natural adjacency to the financial close with a shared buyer and similar pain points. In addition, cash flow optimisation has become increasingly relevant following the onset of the pandemic. “With accounts receivables serving as the single largest asset for most businesses, Rimilia’s ability to unlock working capital and reduce risk is top of mind for today’s controllers and CFOs,” added Mr. Huffman, who will assume the BlackLine CEO title on Jan. 1, 2021. “Rimilia and BlackLine share a vision to drive digital transformation for Finance & Accounting with intelligent automation. BlackLine will provide the scale to further drive adoption of Rimilia’s platform and deliver additional value to our customers,” said Kevin Kimber, CEO of Rimilia. “At the same time, Rimilia meets a need in the Office of the Controller that is highly complementary to BlackLine. Our AR automation platform enables organisations to make faster and more accurate decisions, and I look forward to helping the thousands of BlackLine customers that are already enjoying the benefits of modern accounting.” BlackLine completed the acquisition of Rimilia on Oct. 2, 2020. In accordance with the terms and conditions of the transaction, BlackLine will acquire Rimilia for US $150 million in cash, of which US $120 million was payable at close with additional cash payments of up to US $30 million upon certain earnout conditions being met. BlackLine funded the transaction with existing cash on-hand. There is no material impact to third quarter results. Additional details regarding the anticipated financial impact of the acquisition will be provided in conjunction with BlackLine’s third quarter earnings conference call on Thursday, Oct. 29, 2020. In addition, BlackLine will introduce Rimilia to the broader BlackLine community at the company’s annual user conference BeyondTheBlack™ 202: The modern Accounting Virtual Experience which will take place Tuesday to Thursday, Nov. 17th to 19th. About BlackLine Companies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control. More than 3,100 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer and recognised Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit: ww.blackline.com BlackLine Unveils Quick-Deployment Remote Audit Package To Help Customers Prepare For Audits With Confidence in Uncertain Times 2020-05-04T07:20:15Z blackline-unveils-quick-deployment-remote-audit-package-to-help-customers-prepare-for-audits-with-confidence-in-uncertain-times SYDNEY – May 4, 2020 – With continued macroeconomic uncertainty from the coronavirus pandemic and auditors restricted from traveling, many Finance & Accounting (F&A) teams face the prospect of preparing for audits from home for the first time. As a trusted advisor to F&A professionals around the world, BlackLine. Inc. (Nasdaq: BL) has unveiled a remote audit solution and services package that can be quickly deployed to help customers prepare for remote audits, ensuring accuracy and integrity in the numbers, as well as security around internal financial controls. The company is offering BlackLine Remote Audit on a complimentary basis to a limited number of qualified customers that sign on by June 1st. The process of auditing a company’s financials to ensure that all information is accurate and complete, that the company’s controls are adequate and effective, and that the company is adhering to policies, procedures and regulations has long been an onsite task. In today’s current state, most organisations and auditors will have to perform these processes from a remote location, creating challenges in obtaining the necessary information and supporting documentation that auditors may require for sign-off. BlackLine Remote Audit is a repeatable, packaged process complete with all the knowledge and leading practices needed around conducting an audit remotely including templated PBC (Prepared By Client) lists; close, certification and IT checklists; task tracking; ready-to-go report templates; audit notes for internal and external auditors; pre-configured status dashboards; approval flows; policies and procedures; and more. By applying a combination of native cloud technology with a simplified, pre-designed services package including live virtual implementation, training and support time with BlackLine experts, BlackLine Remote Audit enables F&A teams to be ready for their next audit in as little as a few days. “Hundreds of leading companies have been using BlackLine for years to manage the audit process, and many have given their auditors direct access to the system all along,” Marc Huffman, BlackLine’s president and chief operating officer, said. “We’ve now packaged this functionality with a guided process, best practices that we’ve acquired working with market-leading companies for nearly 20 years, and a services offering to boost customer confidence in the accuracy and integrity of the numbers they’re providing the auditors, and if necessary, enabling them to ensure a successful audit process from home.” With unprecedented uncertainty facing many organisations today, it’s more challenging than ever for F&A to deliver an accurate picture of a company’s financial health. With F&A now also tasked with adjusting to a distributed workforce, BlackLine Remote Audit can help by guiding teams to achieve a collaborative and successful audit from wherever they’re working, without sacrificing productivity. With BlackLine providing a single, unified platform for all accounting close information, customers and their auditors (both internal and external) are able to perform all audit work remotely—dramatically reducing the manual effort involved in preparation time and chasing down details. Here’s what BlackLine users are saying about managing their audit process with BlackLine: “The audit process for many of our SOX controls has become hands-free. As long as the attached documentation and the information that we provide matches, auditors can complete a monthly audit without even having to contact us.” – Shannon Randolph, Staff Accountant, Scotts Miracle-Gro “I knew we hit a home run when we had two external auditors in my office asking for access to BlackLine.” – John Zimmerman, Director, Financial Data Systems, The Hershey Company “With BlackLine, we can now demonstrate financial compliance more effectively, and develop a more efficient way for financial analysts and auditors to prepare, approve and monitor account reconciliations, and review attached documentation.” – Laurel Johns, Manager, Finance Consolidation and Controls, Scotts Miracle-Gro Customers can reach out to: customerexperience@blackline.com and learn how they can add BlackLine Remote Audit to their existing BlackLine application. In addition, earlier this month, BlackLine launched a ‘Resource Hub for Closing Virtually, providing F&A professionals worldwide with insight and leading practices to help guide them as they close their books remotely. About BlackLine Companies come to BlackLine, Inc. (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control. More than 3,000 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer and recognised Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit: www.blackline.com BlackLine Unveils Resource Hub for Closing Virtually To Guide Remote Finance and Accounting Teams During Financial Close 2020-04-14T01:59:06Z blackline-unveils-resource-hub-for-closing-virtually-to-guide-remote-finance-and-accounting-teams-during-financial-close Sydney – April 14, 2020 – BlackLine, Inc. (NASDAQ: BL) has created a ‘Resource Hub for Closing Virtually’ to help Finance & Accounting (F&A) professionals navigate new and unprecedented challenges in light of the coronavirus pandemic, as many organisations worldwide now face closing their books with a distributed workforce for the first time. Many F&A professionals rely on traditional manual accounting processes to close the books. A reliance on spreadsheets, tribal knowledge and in-person communication is not sustainable and introduces risk in a normal environment. Amid this pandemic, these challenges are exacerbated as F&A teams must shift to working from home while still delivering complete, accurate and timely financial results. To further complicate the matter, key business assumptions and forecasts are changing frequently as tax incentives and other regulatory items evolve rapidly, sometimes on a daily basis, and audits must now be conducted remotely. All of these factors are increasing work and complexity for already busy F&A teams who are in the midst of their month- and quarter-end close. BlackLine’s ‘Resource Hub for Closing Virtually’ provides a destination for F&A professionals to find articles, whitepapers, webinars, FAQs and more based on knowledge BlackLine has gained working with thousands of companies globally over many years. Initial content focuses on overcoming the challenges of closing in a distributed environment with remote employees. The portal also offers insight from 3rd-party industry experts including F&A transformation leaders from leading global accounting and advisory firm EY. “People inherently seek order from disorder. We’re trying to ease that angst and bring some semblance of normalcy back into what’s undoubtedly a very confusing and chaotic time for many,” BlackLine CEO Therese Tucker said. “Our goal with the new resource hub is to provide F&A professionals everywhere the guidance they need, in one place, to make their virtual close collaborative and achievable so they can close with confidence, even under these trying circumstances.” BlackLine provides a foundation for F&A teams to adapt to changing circumstances, enabling collaboration, visibility and control to complete the close from wherever they are. BlackLine is helping companies close with confidence during the COVID-19 crisis and beyond, including global biopharmaceutical leader Takeda Pharmaceutical Company which has been using BlackLine for many years. “BlackLine’s cloud solution has allowed Takeda to adapt well during these challenging times with our team members working virtually to complete our year-end financial close,” said Sanjay Patel, senior vice president and head of Takeda Business Solutions. “BlackLine is an enabler for our organisation, an important part of our ambition to make our financial process more agile, efficient and seamless.” Global paper products giant Kimberly-Clark also uses BlackLine to automate and modernise its accounting processes. “The health and safety of our people is our top priority. So as Kimberly-Clark implemented extra health and safety precautions at our offices, mills and distribution centres in early March, we were mindful that basic fiduciary responsibilities such as closing the books at quarter-end must still be conducted,” said Jonna Denton, global process owner, Accounting to Reporting, Kimberly-Clark. “As we began to do this important work from home, we leaned on resources including BlackLine’s Smart Close automation tool to ensure enhanced confidence and controls throughout the closing process.” To access the BlackLine Resource Hub for Closing Virtually, go here: http://www.blackline.com/virtual-close About BlackLine Companies come to BlackLine, Inc. (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control. More than 3,000 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer and recognised Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit blackline.com. BlackLine Making All Premium Training, Select Software and Expert Coaching Sessions Free To Provide Customers with Confidence in Uncertain Times 2020-03-25T02:27:24Z blackline-making-all-premium-training-select-software-and-expert-coaching-sessions-free-to-provide-customers-with-confidence-in-uncertain-times LOS ANGELES – March 24, 2020 – With the onset of the coronavirus pandemic, many accounting teams find themselves operating in a distributed fashion, with many, if not all, team members suddenly working from home. As a trustedadvisor to finance and accounting professionals around the world, BlackLine, Inc. (Nasdaq: BL) announced today a number of complimentary offerings to help customers who could benefit from extra support closing their books during these uncertain and trying times: - Open access to the entire BlackLine U library of educational online resources and self-led training – including CPE-eligible (Continuing Professional Education) courses - A new curriculum focused on closing in a distributed work environment including 15- and 30-minute ‘snackable’ videos, live virtual instructor-led training sessions and virtual ‘coffee breaks’ featuring interactive Q&A - Pre-scheduled one-on-one time with a BlackLine subject matter expert to get real-time guidance - Task Management and Reporting free for six months to existing customers who haven’t yet licensed these solutions, as well as complimentary expert coaching sessions for those who subscribe to the software already Many organisations, including BlackLine, are requiring employees to work from home in an effort to protect themselves, their families and communities. Even just having a few staff out of the office or unable to work can have an adverse impact on closing the books; the situation is compounded and exponentially more complex for multi-nationals that already have multiple global locations. “In addition to doing all we can to ensure our mission-critical cloud-based accounting platform continues to operate flawlessly during this period, we wanted to do more to help our global community of accounting and finance professionals,” said BlackLine CEO Therese Tucker. “We’re putting our best minds together to compile leading practices and other content based on the expertise we’ve gathered working with so many organisations around the world. We want to share this knowledge to help alleviate some of the stress that may come with the impending month- and quarter-end closes. In addition, we want to help our customers who are CPAs keep their accreditations current, even if they are confined to their homes – and at no cost in these difficult times.” The BlackLine U learning portal streamlines the process for onboarding new users and delivers ongoing education to ensure that users are maximizing the value of their BlackLine investment. The BlackLine U catalogue includes 135 courses with 33 available CPE credits and spans a broad range of accounting and finance topics that cover not only industry best practices, but also continuous learning and professional development. Users can access the entire library through the BlackLine platform for the duration of the pandemic. With a distributed/remote workforce, BlackLine Task Management provides real-time visibility into the status of all deliverables in a simple dashboard. Preparers and approvers can get scheduled alerts when there is a delinquency or reminders of deadlines to ensure their period end close stays on track without having to send e-mails or make phone calls. For deliverables that require multiple levels of review, Task Management allows a certification workflow to ensure all responsibilities are handled and all deadlines are met, without employees needing to engage with each other on a regular basis. BlackLine Reporting provides visibility into the timeliness of preparation, approval and review of reconciliations allowing the executive team to automatically receive predefined reports, at a frequency of their choice, to track the progress of their financial close – which in many cases is now decentralised. “For those customers who already have our Tasks and Reporting solutions, we hope they will take advantage of the free one-on-one expert sessions we’re offering, as well as all of the other complimentary training and CPE courses available, to get the most out of their existing software, and also to advance in their own professional development,” Ms. Tucker added. “For those who don’t have Tasks and Reporting yet, we’re making it easy to get up and running quickly because we firmly believe it will help them close faster with greater visibility, particularly now with so many employees working remotely.” Customers who don’t yet have Tasks and Reporting can visit: https://www.blackline.com/free-support-resources to get started. About BlackLine Companies come to BlackLine, Inc. (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control. More than 3,000 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer and recognized Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit: www.blackline.com BlackLine Recognised As A 2020 Gartner Peer Insights Customers' Choice For Cloud Financial Close Solutions 2020-03-23T01:43:27Z blackline-recognised-as-a-2020-gartner-peer-insights-customers-choice-for-cloud-financial-close-solutions Sydney, 23 March 2020 – Accounting automation software leader BlackLine, Inc, (Nasdaq: BL) announced today it has been named a 2020 Gartner Peer Insights Customers’ Choice for Cloud Financial Close Solutions as reported in Gartner’s newly released Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Close Solutions*. Gartner Peer Insights Customers' Choice is based on feedback and ratings from end users who have purchased, implemented and/or used BlackLine’s cloud platform and recognises “the vendors that are the most highly rated by their customers.” BlackLine customers posted 149 reviews on Gartner Peer Insights in the past 12 months ending March 16th, 2020 -- more than twice that of any other company in the category. 22% of the reviews provided for BlackLine came from very large enterprises over $10 billion in annual revenues; 32% from companies in the $1-10 billion range; and 34% from midsize businesses ($50 million to $1 billion). Today, more than half of the Fortune 50 are using BlackLine to modernize their accounting operations, with over 10 billion transactions imported by BlackLine customers in 2019 alone. Here’s what BlackLine users across multiple industries are saying: - "We've been using BlackLine for 10 years and can't imagine going anywhere else because they continue to improve their technology and support our emerging needs." Accounting Supervisor (Services industry, company size $250-500M USD) - "BlackLine has been a fantastic partner to my organisation. Its solutions are easy to use and highly regarded by our users. The integration of the tools in the BlackLine suite of products has had a material impact on the amount of time our accounting functions spend doing repetitive tasks and executing aspects of the monthly close and reporting cycle.” – General Accounting Manager (Energy and Utilities industry, company size $3-10B USD) - "BlackLine has been a great business partner. Our project implementation team has been very helpful and always there with us every step of the way." Assistant Corporate Controller (Manufacturing industry, company size $500M-$1B USD) - "We have been using BlackLine for Recs, Journals and Transaction Matching. It has been a great experience so far and we are looking into the Intercompany Hub next." Senior Accountant (Retail industry, company size $500M-1B USD) “Our commitment has always been to customer success first and foremost,” said BlackLine CEO Therese Tucker. “We continue to innovate to meet the needs of our customers and believe the reviews at Gartner Peer Insights reflect BlackLine’s core value of focusing on customer happiness.” Gartner estimates that “by 2023, 60 percent of upper midsize organizations (with $500 million to $1 billion in revenue) and large organisations (over $1 billion) will employ cloud-based applications to improve their financial close processes.”*** Ms. Tucker added, “We believe our Customers’ Choice distinction demonstrates that BlackLine is overwhelmingly the choice for financial close automation of both large and midsize organisations. From our view, it is extremely gratifying to see that so many of our valued customers are benefiting from the collaborative accounting experience we provide and have true ROI to show after using BlackLine to modernize their Finance & Accounting organizations.” BlackLine was also named a Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions** and ranked highest in the Large and Global Organizations use cases in Gartner’s 2019 Critical Capabilities for Cloud Financial Close Solutions*** report. To access a complimentary copy of the 2019 Magic Quadrant for Cloud Financial Close Solutions, go here: http://info.blackline.com/DGq610K0PQ200a0LVf3n0qV To read additional BlackLine customer reviews at Gartner Peer Insights, go here: https://www.gartner.com/reviews/market/cloud-financial-close-solutions/vendor/blackline *Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Close Solutions, Peer Contributors, 13 March 2020. **Gartner “Magic Quadrant for Cloud Financial Close Solutions” by Robert Anderson, John E. Van Decker, Greg Leiter, 21 October 2019. ***Gartner “Critical Capabilities for Cloud Financial Close Solutions” by Robert Anderson, John E. Van Decker, Greg Leiter, 11 November 2019. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Peer Insights Peer Insights is an online platform of ratings and reviews of IT software and services that are written and read by IT professionals and technology decision-makers. The goal is to help IT leaders make more insightful purchase decisions and help technology providers improve their products by receiving objective, unbiased feedback from their customers. Gartner Peer Insights includes more than 215,000 verified reviews in more than 340 markets. For more information, please visit: www.gartner.com/reviews/home Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews, ratings and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates. About BlackLine Companies come to BlackLine, Inc. (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control. More than 3,000 customers trust BlackLine to help them close faster with complete and accurate results. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit: www.blackline.com Best Western, Group ADP, Gulfport Energy, Hyundai New Zealand, IMAX, Malibu Boats and VARTA Among Customers That Signed On With BlackLine in Q4 2019 2020-02-14T05:19:25Z best-western-group-adp-gulfport-energy-hyundai-new-zealand-imax-malibu-boats-and-varta-among-customers-that-signed-on-with-blackline-in-q4-2019 LOS ANGELES, LONDON, SINGAPORE and SYDNEY – Feb. 13, 2020 – Leading financial close and accounting automation software provider BlackLine, Inc. (Nasdaq: BL) continued to expand its global customer base during the fourth quarter of 2019, adding a broad range of large and midsize companies to its client roster from North America, EMEA (Europe, Middle East and Africa) and the Asia-Pacific region (ASIAPAC). Today, more than half of the Fortune 50 are using BlackLine to modernise their accounting operations, with more than 10 billion transactions imported by BlackLine customers in 2019 alone. Among the new customers in North America in Q4 were Aya Healthcare, Best Western International, Cornerstone Brands, Gulfport Energy, IMAX, the Las Vegas Review-Journal, Malibu Boats and Ultimate Fitness Group (operating as Orangetheory Fitness). In EMEA new customers included Bunzl, Cordstrap, the Government of Jersey, Groupe ADP, Princess Yachts and VARTA Consumer Batteries. And in ASIAPAC, Bapcor, Hyundai New Zealand, Jaycar, Mirvac and the University of Auckland were among those that signed on to use BlackLine. Over 260,000 users across more than 3,000 companies worldwide use BlackLine’s solutions to increase accountant productivity, reduce risk, elevate controls and compliance functions, and modernise their Finance & Accounting operations. About BlackLine Companies come to BlackLine, Inc. (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control. More than 3,000 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer and recognised Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit blackline.com BlackLine Announces Three SAP-Certified Integrations with SAP/S4HANA® 1909 2020-02-05T00:43:58Z blackline-announces-three-sap-certified-integrations-with-sap-s4hana-r-1909 LOS ANGELES – Feb. 4, 2020 – BlackLine, Inc.(Nasdaq: BL) announced today that the SAP® Integration and Certification Center has certified three BlackLine accounting automation tools for integration with SAP S/4HANA 1909®: BlackLine Connector rel. S41905 for SAP Solutions (for extracting data out of SAP and into BlackLine) BlackLine Web Services Connector rel. S1905 for SAP Solutions (for sending data from BlackLine into SAP) BlackLine Smart Close 5.05 These certifications represent the most recent for BlackLine. All are compatible and certified for use with earlier versions of SAP software. These integrations are expected to help organisations further automate tasks with their SAP solutions by automatically extracting data from the source systems, importing it into the BlackLine platform and also posting data back into SAP solutions directly from BlackLine. SAP S/4HANA is SAP’s next-generation business suite, built for the SAP HANA® platform, with on-premise and cloud deployment options. SAP S/4HANA is designed to act as the digital core, helping customers drive digital transformation across their entire organisation, taking advantage of the award-winning, role-based user experience of SAP Fiori®. SAP resells BlackLine market-leading products as SAP Solution Extensions under the following names: SAP Account Substantiation and Automation by BlackLine SAP Account Substantiation and Automation by BlackLine, premier edition SAP Intercompany Financial Hub by BlackLine As such, BlackLine is integrated into the SAP product roadmap. BlackLine’s cloud platform complements the functionality provided by SAP ERP and financials solutions, including SAP S/4HANA, bringing enhanced control, automation and data integrity to finance and accounting departments worldwide, while ensuring that data flowing to and from SAP solutions does so in the most integrated manner possible. “Our certifications for integration with the latest version of SAP S/4HANA, coupled with certain BlackLine products being premium-qualified and sold as SAP Solution Extensions, underscores BlackLine’s commitment to SAP and to serving customers worldwide,” said Marc Huffman, BlackLine’s chief operating officer. “The ability of our solutions to interoperate with SAP S/4HANA and all SAP ERPs will further help ensure that customers are able to implement BlackLine solutions quickly, with minimal effort and risk.” Though hundreds of the world’s leading companies currently run BlackLine alongside SAP, BlackLine is ERP agnostic. “Even though our software complements virtually all ERP systems, SAP in particular has been a key partner for us,” added Huffman. “Providing customers with certified tools that help ensure our platform smoothly integrates with all key SAP software environments and applications will continue to open doors for us to global businesses that use SAP solutions.” For more information on BlackLine and SAP, go here: https://www.blackline.com/erp-integration/sap-integration About BlackLine Companies come to BlackLine, Inc. (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLineprovides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control. Nearly 2,900 companies trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer and recognised Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit: www.blackline.com SAP, SAPS/4HANA, SAP HANA, SAP Fiori and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. ENDS INSTITUTIONAL INVESTORS PUTTING FINANCIAL INTEGRITY OF LARGE COMPANIES UNDER DUE DILIGENCE MICROSCOPE, ACCORDING TO RESEARCH FROM BLACKLINE 2019-11-21T00:42:06Z institutional-investors-putting-financial-integrity-of-large-companies-under-due-diligence-microscope-according-to-research-from-blackline SYDNEY – 21 November 2019 – A global survey of institutional investors commissioned by financial automation software leader BlackLine, Inc. (Nasdaq: BL) reveals that 91 percent of global investors believe companies in their portfolio often resort to legal but ‘creative’ accounting tactics in order to attract or satisfy investors, causing investors to increase scrutiny over portfolio company financials. BlackLine commissioned independent global research firm Censuswide to survey over 760 institutional investors across the world to establish their attitudes to financial risk, due diligence and reporting. The findings reveal the financial practices that raise red flags for investors, as well as the factors they rely on to make informed investment decisions. According to the survey, creative accounting, where companies exploit financial loopholes to present figures in a legal though misleadingly favourable light, was identified as a major concern for the global investor community. Not only do the majority of investors believe that these tactics are commonplace at their portfolio companies, but 91 percent believe that more large companies will resort to these techniques over the next 12 to 18 months. Of those survey respondents in Australia, 85% said they believed companies resort to creative accounting techniques ‘often’ with a further 10% saying it occurred ‘occasionally’. Worryingly, 83 percent of investors surveyed also agreed on the likelihood of a global recession in the next 12 to 18 months, meaning businesses will need to work even harder to outstrip the competition. In Australia the mood was even more somber with 87% of respondents agreeing or strongly agreeing that a recession was likely. However, companies should think twice before trying to manipulate their figures; a quarter (25%) of investors singled out evidence of creative accounting as the factor that would make them least likely to invest in a company. “In many ways the international business landscape is more complex, uncertain and challenging than it was a year ago. Companies are therefore under increasing pressure to perform and retain a competitive edge,” said BlackLine CEO Therese Tucker. “However, businesses cannot afford to have the integrity of their financial data questioned at a time when investors are evidently becoming more stringent about unnecessary and unwarranted financial risks.” In fact, inaccurate reporting and poor financial controls raise alarm bells for a large number of global investors. Less than 1 percent of those surveyed say they will invest in a company with poor financial controls without taking some form of corrective action first, such as imposing changes on the company or its management team. A third of investors (33%) say risk of internal financial fraud or financial non-compliance make them less likely to invest. Meanwhile, a quarter (25%) are put off by consistently late filings, with a slightly higher portion less likely to invest in companies that make adjustments post reporting (28%). In Australia, a lack of clarity around the roles and responsibilities of a company’s management team was nominated by 40% of respondents as something that would make them less likely to invest. This was followed by the risk of internal financial fraud (35%) and evidence of the company mismanaging its finances (33%). These red flags are encouraging investors to take a much closer look at the numbers, highlighting the importance of accurate and transparent financial data. When asked what the most important considerations were when deciding whether to invest, a company’s financial growth forecasts (46%), access to real-time snapshots of company finances (42%) and key metrics within financial reports (46%) came out on top. This suggests that while investors are forward-looking, they also need a clear and realistic view of current financial data in order to make informed decisions. Among Australian investors, almost all (99%) said they needed evidence that a company is properly managing its finances before they could make an informed investment decision. This was followed by having a near real-time oversight of the company’s financial data (98%) and proof that a company has a good track record of accurate financial reporting (95%). “It’s likely that investors will increasingly want to look ‘under the hood’ of their portfolio companies, to ensure they are getting a transparent and accurate view of their finances,” continued Tucker. “The ability to access, and more importantly analyse, data in real time will not only be vital for driving business competitiveness, but also for maintaining investor trust.” The full findings are outlined in ‘The New Age of Increased Investor Due Diligence’, the first of three detailed whitepapers on the subject. More information on the research can be found here: https://www.blackline.com/resources/whitepapers/the-new-age-of-increased-investor-due-diligence Notes to editors The research was conducted by Censuswide, with 763 institutional investors in six markets (U.S., UK, France, Germany, Australia and Singapore) at companies with $100M USD minimum (or equivalent) of assets under management. The number of respondents by region was as follows: · U.S.: 204 · UK: 150 · France: 101 · Germany: 101 · Australia: 107 · Singapore: 100 The survey was conducted online between July 22nd and August 8th 2019. About BlackLine BlackLine, Inc.’s (Nasdaq: BL) cloud-based solutions transform Finance and Accounting (F&A) by automating, centralising and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large enterprises and midsize organisations. Designed to complement virtually all ERP and other financial systems including SAP, Oracle and NetSuite, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from within a single, unified cloud platform. The company is recognised by Gartner as a Leader in its 2019 Magic Quadrant for Cloud Financial Close Solutions and as a pioneer in the cloud market for enhanced financial control and automation. Nearly 2,900 companies with users around the world trust BlackLine to help ensure balance sheet integrity and confidence in their financial statements. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com. ENDS BlackLine Rated Highest in Large and Global Organisations Use Cases In Just Released Gartner Critical Capabilities Report 2019-11-18T10:47:59Z blackline-rated-highest-in-large-and-global-organisations-use-cases-in-just-released-gartner-critical-capabilities-report LOS ANGELES – Nov. 14, 2019 – Financial controls and automation software BlackLine, Inc. (Nasdaq: BL) has been rated highest in the Large and Global Organisations use cases in Gartner’s recently released 2019 Critical Capabilities for Cloud Financial Close Solutions* report. The report examines the capabilities of 10 vendors/products to meet the needs of organisations in distinct use cases. BlackLine was ranked highest in the Large Enterprise and Global Enterprise use cases and scored No. 2 and No. 3 respectively for Upper Midsize and Business Unit use cases. “We believe that this acknowledgement, on the heels of our recent positioning by Gartner as a Leader in its Magic Quadrant for Cloud Financial Close Solutions, further validates us as a market leader and true strategic advisor to our valued customers,” said BlackLine CEO Therese Tucker. “We are gratified that we’ve been recognised by Gartner and think this shows that BlackLine is helping global organisations automate and streamline critical Finance & Accounting processes as a key enabler for their broader digital finance transformations.” The Critical Capabilities report is a companion piece to Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions** in which BlackLine was named a Leader and also positioned highest for ‘Ability to Execute’ for the third year in a row. To access a complimentary copy of the 2019 Magic Quadrant for Cloud Financial Close Solutions go here: http://info.blackline.com/gx000fV0030CQP0qG0015X0 Gartner estimates that “by 2023, 60 percent of upper midsize organizations (with $500 million to $1 billion in revenue) and large organisations (over $1 billion) will employ cloud-based applications to improve their financial close processes.”* Nearly 245,000 users across nearly 2,900 companies worldwide currently use BlackLine’s cloud solutions to increase accountant productivity, reduce risk, elevate controls and compliance functions and modernise their Finance & Accounting operations. In 2018 alone, more than 187 million reconciliations were auto-certified and over 3.5 billion transactions matched by BlackLine customers. *Gartner “Critical Capabilities for Cloud Financial Close Solutions” by Robert Anderson, John E. Van Decker, Greg Leiter, 11 November 2019. **Gartner “Magic Quadrant for Cloud Financial Close Solutions” by Robert Anderson, John E. Van Decker, Greg Leiter, 21 October 2019. This report was previously titled “Magic Quadrant for Cloud Financial Corporate Performance Management Solutions.” Gartner Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About BlackLine BlackLine, Inc.’s (Nasdaq: BL) cloud-based solutions transform Finance and Accounting (F&A) by automating, centralising and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large enterprises and midsize organisations. Designed to complement virtually all ERP and other financial systems including SAP, Oracle and NetSuite, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from within a single, unified cloud platform. Nearly 2,900 companies with users around the world trust BlackLine to help ensure balance sheet integrity and confidence in their financial statements. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com. BlackLine Positioned as a Leader in Gartner 2019 Magic Quadrant for Cloud Financial Close Solutions 2019-10-24T05:40:33Z blackline-positioned-as-a-leader-in-gartner-2019-magic-quadrant-for-cloud-financial-close-solutions LOS ANGELES – Oct. 23, 2019 – Leading financial controls and automation software company BlackLine, Inc. (Nasdaq: BL) has been named by Gartner as a Leader for the third year in a row, with Gartner positioning BlackLine in the Leaders quadrant of its recently released “Magic Quadrant for Cloud Financial Close Solutions.” In the Oct. 21, 2019 report*, the world’s leading technology research and advisory company placed BlackLine highest on the Ability to Execute axis for the third consecutive year. BlackLine was also recognised for Completeness of Vision, which includes market understanding; marketing strategy; sales strategy; offering (product) strategy; business model; vertical/industry strategy; innovation; and geographic strategy. “We are once again gratified that a firm of Gartner’s calibre and reputation has recognised BlackLine. We feel this further validates us as a market leader and innovator in this continuously evolving space that we pioneered many years ago,” Therese Tucker, CEO, BlackLine, said. “In the last year, we cemented a global reseller relationship with SAP and have vastly expanded our ecosystem of strategic consulting and technology partners around the world – enabling us to serve as true strategic advisors to the more than 2,800 customers who trust us for their close automation and other critical processes as they undergo digital transformations in their Finance & Accounting organisations.” As defined by Gartner, “Financial close (FC) solutions help the office of finance manage the financial close and apply appropriate controls throughout the accounting cycle. The FC market includes the following components: financial consolidation; financial reporting; reconciliation management; close management; intercompany transactions; and disclosure management.” Gartner Research shows that 72 percent of organisations have plans to leverage the cloud for financial applications in the next three years.”** “Our platform is purpose built for accountants. From day one, our commitment has always been to customer success. For Finance & Accounting leaders, we feel this recognition should provide the evidence they need to embrace BlackLine with confidence and trust, knowing that we’ll work to constantly provide world-class solutions and service,” added Ms. Tucker. To access a complimentary copy of the complete 2019 report, please go here: http://www.blackline.com/gartner-magic-quadrant-2019 *Gartner “Magic Quadrant for Cloud Financial Close Solutions” by Robert Anderson, John E. Van Decker, Greg Leiter, 21 October 2019. This report was previously titled “Magic Quadrant for Cloud Financial Corporate Performance Management Solutions.” **Smarter With Gartner, “3 Things to Know Before Moving Financial Applications to the Cloud”, May 20, 2019 (https://www.gartner.com/smarterwithgartner/3-things-to-know-before-moving-financial-applications-to-the-cloud) Gartner Disclaimer Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About BlackLine BlackLine Inc.’s (Nasdaq: BL) cloud-based solutions automate, centralise and streamline financial close operations, intercompany accounting processes and other key Finance and Accounting processes for large enterprises and midsize organisations. Designed to complement virtually all financial systems including SAP, Oracle and NetSuite, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from within a single, unified cloud platform More than 2,800 companies with users around the world trust BlackLine to help ensure balance sheet integrity and confidence in their financial statements. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit: www.blackline.com # # # Workiva and BlackLine Team Up to Transform Financial Close and Reporting Processes 2019-09-04T22:15:09Z workiva-and-blackline-team-up-to-transform-financial-close-and-reporting-processes AMES, Iowa and LOS ANGELES - September 4, 2019 -- Workiva (NYSE:WK), the leading cloud provider of connected reporting and compliance solutions, and accounting automation software leader BlackLine, Inc. (NASDAQ:BL) today announce the availability of a platform integration to help joint customers streamline financial close and reporting processes. The integration will enable users to seamlessly connect and transfer data between the two platforms, saving time and reducing risk by improving accuracy and transparency in the record-to-report process. “Many of our customers use BlackLine to automate balance sheet reconciliations and other processes they need for a successful financial close before they use the Workiva platform for reporting and compliance,” said Mike Rost, Vice President of Partners and Alliances at Workiva. “With this new integration, our joint customers will be able to benefit from better transparency across applications and a higher level of trust and confidence in the data they report.” The collaboration between Workiva and BlackLine combines two providers that were named Leaders in Gartner’s 2018 Magic Quadrant for Cloud Financial Close Solutions.* “Thousands of leading finance and accounting teams around the globe have adopted BlackLine for our comprehensive account reconciliation and close automation capabilities and Workiva for its connected and trusted reporting,” said Michael Otto, Vice President of Global Strategic Alliances at BlackLine. “By working together, we believe we are creating additional customer value by offering a whole new level of control, transparency and accuracy.” *Workiva and BlackLine were both named Leaders in the Magic Quadrant for Cloud Financial Close Solutions, John Van Decker, Christopher Iervolino, 26 July 2018. Gartner Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Workiva Workiva, the leading cloud provider of connected reporting and compliance solutions, is used by thousands of enterprises across 180 countries, including more than 75 percent of Fortune 500® companies, and by government agencies. Our customers have linked over five billion data elements to trust their data, reduce risk and save time. For more information about Workiva (NYSE:WK), please visit workiva.com. Request a Workiva demo: www.workiva.com/request-demo Read the Workiva blog: www.workiva.com/blog Follow Workiva on LinkedIn: www.linkedin.com/company/workiva Like Workiva on Facebook: www.facebook.com/workiva/ Follow Workiva on Twitter: www.twitter.com/Workiva FORTUNE® and FORTUNE 500® are registered trademarks of Fortune Media IP Limited and are used under license. FORTUNE and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Workiva Inc. Note: Claim not confirmed by FORTUNE® or Fortune Media IP Limited. About BlackLine BlackLine, Inc.’s (Nasdaq: BL) cloud-based solutions automate, centralize and streamline financial close operations, intercompany accounting processes and other key Finance and Accounting processes for large enterprises and midsize organisations. Designed to complement virtually all financial systems including SAP, Oracle and NetSuite, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from within a single, unified cloud platform. More than 2,800 companies with users around the world trust BlackLine to help ensure balance sheet integrity and confidence in their financial statements. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit: www.blackline.com. ENDS