Houghton Mifflin Harcourt, Malaysia Airlines, Roku and Trivago among New Customers to Embrace Modern Finance with BlackLine in Q4; Company Adds Nearly 400 Customers in 2015
LOS ANGELES, LONDON and SYDNEY, Feb. 11, 2016 /PRNewswire/ -- BlackLine, a leading provider of enhanced finance controls and automation (EFCA) software, today announced that it added 393 new customers in 2015, bringing the total customer base to more than 1,300 worldwide. Nearly half (46 percent) of the new customers that came on board during 2015 are mid-market companies, a growing segment of the company's business.
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. Charles River Laboratories, Houghton Mifflin Harcourt, Nixon Peabody LLC, Roku and San Diego Zoo are among the new BlackLine customers that signed on during the fourth quarter of 2015 in North America. Continuing to show strength in its international business, the company reported that 20 percent of the new 2015 customers are based outside of North America – up from 16 percent a year ago. New customers that came on board in Europe in the fourth quarter include H&H Ferries and Trivago, among others. BlackLine also is experiencing growth in the APAC (Asia Pacific) region with the fourth quarter additions of customers such as Kelly Services Australia and Malaysia Airlines.
Other brands that signed on to use BlackLine earlier in 2015 include Dairy Queen, Perdue Farms, Priceline Group, Shell, Shopify and Yodlee. The new customers join a long list of companies that are already using BlackLine to modernize their F&A operations.
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 The platform enables customers to move beyond outdated processes and point solutions to a Continuous Accounting model.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 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 offices in Atlanta, Chicago, London, Melbourne, New York City, Paris, Sydney and Vancouver. For more information, please visit www.blackline.com.
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SOURCE BlackLine
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