BMW Financial Services, K2 Sports, Nokia, Phillips 66 And Philz Coffee Among Companies To Embrace Continuous Accounting With BlackLine In Q2

Enterprise and midsize companies worldwide continue to transform Finance & Accounting with leading cloud platform for financial control and automation

News provided by

BlackLine

Aug 02, 2018, 16:10 ET

LOS ANGELES, LONDON, SINGAPORE and SYDNEY, Aug. 2, 2018 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL), a leading provider of financial automation solutions that enable Continuous Accounting, continues to expand its customer base globally, adding a broad range of both large and midsize companies to its client roster during the second quarter of 2018.

New customers signed on in North America, EMEA (Europe, Middle East and Africa) and the Asia-Pacific (APAC) region, deploying BlackLine's flagship accounting automation platform to enhance the efficiency and visibility of Finance and Accounting (F&A) and reduce compliance risks.

Among the new customers to come on board in North America in Q2 were Atlantic Hotels Group, BMW Financial Services, Constellation Software, Gemalto, Graham Media Group, K2 Sports, Phillips 66, Philz Coffee, Prospect Medical Holdings and Wedbush Securities. In EMEA new customers included Alliance Automotive Group, Associated Newspapers, NewDay, Nokia and Sage Global Services; in APAC, Cavalry Health (a subsidiary of Little Company of Mary Health Care), International SOS Malaysia, Invetech and ResMed were among those that signed on during the second quarter of the year.

BlackLine added customers in all three regions, many now beginning to employ the Continuous Accounting model via the BlackLine cloud platform. Over 209,000 users across more than 2,400 companies presently employ BlackLine's products and solutions to help increase accountant productivity, reduce risk, elevate controls and compliance functions and modernize their F&A operations. In 2017 alone, more than 290 million accounts were reconciled and over 4.5 billion transactions matched by BlackLine customers.

About BlackLine
BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralizing and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize organizations. 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.

Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day activities, BlackLine helps companies modernize accounting operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close. More than 2,400 companies 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.

SOURCE BlackLine