Marathon Petroleum, Reynolds Consumer Products, Thermo Fisher Scientific, TimkenSteel,Telenor, Clif Bar and The Humane Society Embrace Modern Finance with BlackLine in Q1
BlackLine, a leading provider of enhanced finance controls and automation (EFCA) software, continued to add top-tier companies to its customer base with Marathon Petroleum Co., Reynolds Consumer Products, Thermo Fisher Scientific, TimkenSteel Corp., Clif Bar & Co. and The Humane Society of the United States among the many new customers that signed on to use BlackLine's Finance Controls and Automation Platform during the first quarter of 2016.
New customers also came on board in Europe in the first quarter, including Greenval Insurance, Equiniti Services G4S Regional Management and Telenor Global Shared Services, among others. Further testifying to BlackLine's increasingly robust international business, the company reported growth in the number of customers in the APAC (Asia Pacific) region with the first quarter additions of customers such as Officeworks Limited and AusNet Services Holdings.
Large enterprises and midsize companies around the globe are adopting BlackLine's EFCA Platform to help improve efficiencies, increase visibility and reduce risk in Finance & Accounting (F&A), with many F&A teams beginning to employ a Continuous Accounting model through the BlackLine cloud platform.
BlackLine is a leading provider of Enhanced Finance Controls and Automation (EFCA) software and the only one that offers a unified cloud platform supporting the entire close-to-disclose process. BlackLine's EFCA Platform helps midsize companies and large enterprises improve the accuracy and reliability of their financial reporting, achieve process efficiencies and improve visibility into their Finance & Accounting (F&A) operations. The platform enables customers to move beyond outdated processes and point solutions to a Continuous Accounting model. With Continuous Accounting, real-time automation, controls and period-end tasks are embedded within day-to-day activities, allowing the rigid accounting calendar to more closely mirror the broader business.
Delivered through a scalable and highly secure cloud model and built from a single code base, the BlackLine platform supports many key F&A processes including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle. Through BlackLine's cloud analytics software, BlackLine Insights, CFOs can access real-time data to benchmark, analyze and improve the efficiency and performance of their F&A organizations. The software utilizes live, aggregated and anonymized data collected from BlackLine customers.
In an era of ever-increasing business complexity, transaction volumes and stringent regulatory requirements, BlackLine's platform is purpose-built to transform and modernize mission-critical F&A processes--with enterprise-grade accuracy, automation and transparency. More than 125,000 users across 1,300 companies in approximately 100 countries depend upon BlackLine to increase accountant productivity and elevate controls and compliance functions to Modern Finance status.
BlackLine complements existing enterprise systems for Corporate Performance Management, Governance Risk and Compliance and Enterprise Resource Planning. The BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution, joining the ranks of fewer than 40 other software offerings. BlackLine also is an SAP Gold Partner, Oracle Gold Partner, and participates in the partner programs of NetSuite and several other ERP providers.
BlackLine global headquarters are in Los Angeles, with regional headquarters in London, Singapore and Sydney.