BlackLine Inc. develops and markets enterprise-class software to automate and control the entire financial close process. The company offers Account Reconciliations that automates and standardizes the reconciliation process; Journal Entry, a journal entry management system that allows the client to create, review, and approve journals then electronically certify and store them with various supporting documentation; Transaction Matching that streamlines and automates detail-heavy reconciliations, such as bank reconciliations, credit card matching, intercompany reconciliations, and invoice-to-PO matching; and Task Management that provides a Web-based command center to manage accounting and fin...
21300 Victory Boulevard
Woodland Hills, CA 91367
Founded in 2001
BlackLine Prepares For IPO
Sep 20 16
BlackLine Inc. is preparing for an initial public offering that could value it at more than $1 billion, including debt, people familiar with the matter said on September 20, 2016. An IPO of BlackLine, which the sources said could come as early as October, would make BlackLine one of the first venture-backed technology firms to go public since market jitters all but shut the window for such companies at the end of last year. BlackLine has hired investment bank Goldman Sachs Group Inc to lead its IPO, which has already been registered confidentially with the U.S. Securities and Exchange Commission, the sources said.
BlackLine Inc. Expands European Operations with New Germany Office; Petra Ellmerich to Lead the New Frankfurt Office and DACH expansion efforts
Aug 30 16
BlackLine Inc. announced the details of its latest European expansion, including a new base of operations in Frankfurt, Germany, that will serve as a strategic hub for meeting the needs of companies across the DACH region (Germany, Austria and Switzerland).
The new Frankfurt office and DACH expansion efforts will be led by Petra Ellmerich, a 30-year software industry veteran with sales and management experience at such market-leading companies as Infor, Oracle, Cognos and Siemens.
BlackLine's Platform for Finance Controls and Automation Features Data Analytics, Support for Mobile, and Enhanced Intercompany Hub
Nov 17 15
BlackLine announced its latest platform release featuring a number of new products and features designed to enable Finance & Accounting (F&A) departments to benchmark team performance, improve visibility into global operations, and enhance communication and collaboration across their entire organizations. Key products included in the release are BlackLine Insights, benchmark analytics software that gives CFOs, controllers and accountants the real-time data needed to benchmark, analyze and improve the efficiency and performance of mission-critical F&A processes; BlackLine Mobile, which provides near real-time dashboard reporting and the ability to approve and check the status of account reconciliations from a mobile device; Trust.BlackLine.com, a site that provides near real-time visibility into BlackLine's uptime and performance; and Intercompany Settlement, an enhancement of BlackLine's Intercompany Hub, the enterprise-class clearinghouse for intercompany transactions. BlackLine Insights is a new solution that aggregates data from the activities of BlackLine customers around the world. Built on BlackLine's unified cloud platform, Insights integrates with every BlackLine product to deliver summary statistics, usage information and deep, accounting-focused analysis. Drawing upon the anonymized and dynamic data resulting from actions taken by BlackLine users, Insights helps CFOs and controllers measure their team and organizational performance and compare themselves against their peer group based on various industry benchmarks. BlackLine Mobile allows users to monitor and approve reconciliations directly from their mobile devices with near real-time views into the current certification state of reconciliations. In addition to visibility into the status of reconciliations, core features such as quick filters for Key Accounts and user-specific "My Views" facilitate reconciliation management from mobile devices. BlackLine Mobile is available on both iOS and Android. Intercompany Settlement is the latest feature of the BlackLine Intercompany Hub. The intercompany reconciliation process, when handled manually, can require hundreds of employees within a large organization and countless hours of time. Typically, once a preliminary reconciliation has been completed, companies attempt to settle the transaction via a transfer of funds. The resulting settlement matrix, complete with partial payments, can take a significant amount of work to create, primarily due to the collaborative nature of the process. Because of the complexities involved, intercompany transactions are one of the most frequent sources of uncertainty for F&A. Following the recent release of automated invoice generation, the Hub now helps global or multi-entity enterprises monitor settlement matrices associated with entities throughout their entire organizations, giving CFOs a global view of what their various entities owe to each other. BlackLine's Intercompany Settlement is an example of how continuous accounting can transform a rote, manual, low-level process into near real-time information that can be used as a strategic management tool for the CFO. The latest BlackLine release also includes new features for enhanced reporting functionality, increased collaboration abilities and more streamlined work flow. BlackLine Insights, BlackLine Mobile App, Trust.BlackLine.com and Intercompany Settlement are currently available to BlackLine customers.