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TheStreet Open House

BlackLine Financial Close Suite For SAPA® Solutions Becomes An SAP-Endorsed Business Solution

Stocks in this article: SAP

"Before we implemented BlackLine, people around the world would analyze similar accounts for their locations in very different ways," said Josh Morris, director, Accounting and Financial Reporting, Novelis.  "With BlackLine's standard templates, each reconciliation is in the same format whether it is performed in Sao Paulo, Brazil or Seoul, South Korea.  We have a depth of visibility into the details that was never possible before adding the BlackLine OnDemand solution.  And, because it's offered in a SaaS model, I can now see the detail of reconciliations performed worldwide from my desk in Atlanta, or wherever I may happen to be with my laptop or other mobile device."

For more than three years, BlackLine has been an SAP software solution and technology partner in the SAP PartnerEdge®program.  BlackLine is also a participant in SAP Store, the online e-commerce channel or "e-channel" for enterprise solutions and services from SAP and its partners.

"By endorsing the market-leading BlackLine Financial Close Suite, SAP continues to support our customers' businesses and build its ecosystem around SAP accounting and financial close solutions," said Kai Finck, senior vice president, Office of the CFO solutions, SAP.  "The use of BlackLine software will enable customers to reduce risk and achieve compliance in their account reconciliation and financial close processes, gain efficiencies and increase employee productivity, thus freeing-up resources for value-adding activities and supporting the business. It complements the innovations SAP is delivering to these customers leveraging the SAP HANA platform."

In 2011, BlackLine was named an SAP Pinnacle award finalist in the "Software Solution Newcomer of the Year" category.  SAP Pinnacle awards are presented annually to the "best and brightest" of the SAP partner ecosystem, recognizing partners that have excelled in developing and growing their partnership with SAP and driving customer success.  

About BlackLine Systems BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution.  An experienced provider of software to companies from the Fortune 100 to beyond the Fortune 1,000, BlackLine provides quick-to-implement, scalable and easy-to-use applications that automate the entire financial close process to help improve financial controls for companies of all sizes.  With more than 75,000 users in over 100 countries, BlackLine software applications complement existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.

BlackLine offers clients its enterprise-class software in a simple and secure OnDemand/SaaS platform.  With a proven track record and a commitment to customer success, BlackLine seeks to reduce the burden the financial close places on accounting and finance professionals. 

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