Cinemark, Fortive, Kinross Gold, Lehigh Hanson, Marvell Semiconductor And Red Robin Among Companies To Embrace Continuous Accounting With BlackLine In Q3

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

News provided by

BlackLine

Nov 01, 2018, 16:08 ET

LOS ANGELES and LONDON and SINGAPORE and SYDNEY, Nov. 1, 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 third quarter of 2018.

New customers signed on worldwide, 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 Q3 were Cinemark, CBC Restaurant Corp. (operator of Corner Bakery Café'), Fortive Corp., Global Bankers Insurance Group, Kinross Gold Corp., Lehigh Hanson, Marvell Semiconductor and Red Robin International. New international customers included Aller Holdings, Daikin Australia, EBS Business Services Centre, Edmond de Rothschild S.A., Hilti Corp., Snow Software and UiPath.

Over 214,000 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, with many beginning to employ the Continuous Accounting model via the BlackLine cloud platform. 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. The company is recognized by Gartner as a Leader in its 2018 Magic Quadrant for Cloud Financial Close Solutions and as a pioneer in the cloud market for enhanced financial control and automation.

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 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.

SOURCE BlackLine