BlackLine Drives European Growth, Expands Support in EMEA with New Paris Office

Finance controls and automation software company continues aggressive expansion in European market to meet increasing demand for transformative Finance & Accounting solutions

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BlackLine

Mar 25, 2015, 11:07 ET

LONDON and LOS ANGELES, March 25, 2015 /PRNewswire/ -- Compelled by strong international demand by companies to automate and optimize their manual finance and accounting processes, finance controls and automation software provider BlackLine has established operations in Paris as part of a larger plan to expand its overall European footprint. BlackLine's cloud-based software platform assists organizations to remain competitive, reduce risk and transform their existing finance and accounting departments into 'Modern Finance' organizations by automating key processes such as the financial close, account reconciliations, intercompany accounting and controls assurance.

France-based companies already using BlackLine include Bureau Veritas, Lafarge, Michelin, Societe Generale Prime Services (formerly Newedge) and Saint Gobain.

"BlackLine was easy to implement and is very user friendly," said Marc Chelhot of Societe Generale Prime Services. "We've found it to be a very efficient tool for accounting risk management, monitoring and reporting."

BlackLine has sales, implementation and support teams available to service customers in French. In addition, the company supports the French language in all of its products and solutions.

"The tremendous reception we've had for our software from companies all over the world confirms the value our solution provides and our ability to help global companies transform their existing finance and accounting operations into Modern Finance organizations," Therese Tucker, CEO, BlackLine, said. "We've seen increasing demand for our software from mid-size and large organizations in EMEA. Opening a Paris office was a logical next step. Not only does the region represent a strong market opportunity, but we will be better equipped to effectively serve our customers."

BlackLine EMEA (Europe, Middle East and Africa) headquarters are in London. Company operations presently encompass offices in four major U.S. cities, two in Europe and two in Asia-Pacific (APAC). Each office is predicated on providing local service and support to global customers. BlackLine is on track to open additional offices in EMEA and APAC later this year.

Leveraging BlackLine's expanding global footprint in EMEA and APAC, several of the world's leading accounting advisory and professional services firms, such as Deloitte, Ernst & Young, KPMG, PwC and Resources Global Professionals, offer 'BlackLine Certified Implementation Professionals' to assist the execution of the BlackLine Finance Controls and Automation Platform. As part of its Go-To-Market plan, BlackLine plans to expand its comprehensive partner program in France.

As the first and most experienced provider of enterprise-class software designed to automate and control the entire financial close process, BlackLine has enjoyed record growth. Revenues have risen more than 50 percent annually in each of the last eight years. The company has earned the distinction of making the Software 500 list of the world's "largest and best performing" software companies for the past four years, the Deloitte Technology Fast 500™ for the past five years, and the prestigious Inc. 500/5000 for the past seven years, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.

BlackLine recently surpassed the 1,000-client mark, attributable to the many new mid-size and enterprise-level organizations implementing its leading cloud-based financial automation platform in 2014. They join an impressive list of BlackLine client companies around the world seeking to transform their existing finance and accounting departments into leading-edge Modern Finance organizations.

About BlackLine

BlackLine is the leader in Enhanced Finance Controls and Automation (EFCA) software and the only provider that offers a unified cloud platform supporting the entire close-to-disclose process. The BlackLine Finance Controls and Automation Platform is designed to help midsize companies and large enterprises strengthen controls, lower compliance risks and gain greater efficiencies and visibility. Delivered through a scalable and highly secure cloud model and built from a single code base, the platform supports many key accounting and financial processes including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle.

More than 100,000 users across 1,000 global companies in over 100 countries currently leverage the BlackLine platform to increase accountant productivity and elevate controls and compliance functions to 'Modern Finance' status, with customers comprising more than 25 of the Fortune 100 and over 100 of the Fortune 500.

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 offices in Atlanta, Chicago, London, Melbourne, New York City, Paris and Sydney. For more information, please visit www.blackline.com.

Media Contact:
Kimberly Uberti
Vice President, Global Corporate Communications
BlackLine
[email protected]

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SOURCE BlackLine