BlackLine Systems Driving European Growth From New London Office

LONDON, Dec. 5, 2012 /PRNewswire/ --  BlackLine Systems, the first company to develop and offer a commercially available Balance Sheet Account Reconciliation solution, is expanding its operations in London to help underpin the growing demand across EMEA for the company's highly regarded and cost-efficient SaaS account reconciliation and financial close solution. 

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BlackLine's enterprise-class SaaS offering provides visibility, cost savings and control unmatched in the financial close industry. Demonstrated by the company's nearly 1,000 percent revenue growth over the last four years, BlackLine offers industry-leading efficiency with most clients up and running in just a few weeks, with full implementation on all modules in a few months. BlackLine's proven ROI for customers also sets it apart from other reconciliation offerings with ROI typically achieved in the first six months or sooner.       

Andrew Zimmermann, Financial Controller Alternatives Companies, Schroder Investment Management Limited, commented: "We selected BlackLine to help us automate account reconciliations, enabling us to manage our accounts accurately and cost effectively while maintaining high service quality and controlling operational risk.  We look forward to continuing to work with BlackLine as they add resources in EMEA."

Eurostar International is one of the latest clients to be added to BlackLine's books and follows in a long list of household name companies already on board including AT&T, Concur, Kimberly-Clark, Lafarge SA, Salesforce.com, Schroders, Tenneco Gmbh and  Zurich Insurance.

Mario Spanicciati, BlackLine Executive Vice President of Operations, said: "It's truly an exciting time in EMEA for BlackLine. The market in Europe is a key growth area for us – and with thousands of organizations in the region for us to go after, everyone is really motivated by the possibilities. Coupled with our new offices in London and clients such as Eurostar joining BlackLine recently, the demand for our enterprise-class SaaS solution could not be higher at this time."

2012 has been a year of considerable growth and expansion for BlackLine in Europe and across the world with offices recently opening in Atlanta, Chicago and New York (in addition to London), complementing the company's existing operations in Sydney and headquarters in Los Angeles.

The world's leading accounting advisory and professional services firms, including Deloitte, Ernst & Young, KPMG LLP (U.S.), PwC, Resources Global Professionals and UHY Advisors, also continue to add 'BlackLine Certified Implementation Professionals,' strengthening their global capability in implementing the  BlackLine Financial Close Software Suite.

BlackLine is an SAP software solution and technology partner in the SAP PartnerEdge® program and a participant in the SAP EcoHub solution marketplace – SAP's premier online destination designed to provide SAP customers with information on relevant complementary technology solutions that are certified by SAP (such as the BlackLine 5.1 solution).

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