BlackLine CTO Named 'CTO of the Year' By Los Angeles Business Journal

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Jun 09, 2016, 08:00 ET

LOS ANGELES, June 9, 2016 /PRNewswire/ -- Alain Avakian, CTO of BlackLine, a leading provider of financial controls and automation solutions that enable 'Continuous Accounting', has been named 'CTO of the Year' by the Los Angeles Business Journal.

Mr. Avakian joined BlackLine in 2014 with more than 25 years of experience at several growing Internet companies where he was instrumental in providing the technology vision, strategy and leadership to help organizations scale their technology operations.

Avakian's win highlights BlackLine's commitment to performance and providing customers with exceptional service, as well as the tools they need, when they need them.

BlackLine currently maintains industry-leading application uptimes, putting the company's performance in a league with the likes of Salesforce, Workday, NetSuite, Amazon Web Services and Concur. In addition, BlackLine has broken new ground in the area of data warehousing by sharded tenant by architecting and deploying a near real-time data warehouse - a first in the industry - and taking the lead in benchmarking performance metrics allowing the company to triple the size of its development team in a highly competitive employment market.

About BlackLine
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 The platform enables customers to move beyond outdated processes and point solutions to a Continuous Accounting model.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 135,000 users across 1,400 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. For more information or to see a complete list of offices, please visit www.blackline.com.

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SOURCE BlackLine