BlackLine revenues up over 50% as leading brands continue to embrace company’s cloud platform

5th May 2015

BlackLine a provider of finance controls and automation software, has reported its revenues are up more than 50 percent in the first quarter of 2015 compared to the same quarter a year ago as mid-size companies and large enterprises around the world continue to embrace the company’s cloud-based platform to improve efficiencies and reduce risk in Finance and Accounting.

 

Blue Nile, Four Seasons – Lanai and Leidos are just a few of the new BlackLine clients that have recently signed on in North America, with Four Seasons adding its Lanai property to a list of 15 others around the world that were already using BlackLine to automate key financial processes and improve internal controls. BlackLine is also experiencing strong uptake in the EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific) regions, recently adding Aker Solutions, Amesto Group, Doosan and DTZ in Europe and Charter Hall, Hills Limited and Murray Goulburn in Australia. The new customers join an already impressive list of BlackLine client companies that are using the leading cloud platform to transform their existing finance and accounting departments into leading-edge ‘Modern Finance’ organizations.

The company also recapped key highlights of its recent quarter including surpassing the 1,000-client mark; continued investment in new executive talent with the hiring of Mark Partin as CFO; implementing joint solutions with leading Business Process Outsourcing (BPO) partners such as Genpact, Cognizant and EXL; and the opening of offices in Paris to expand its overall European footprint.

BlackLine provides a host of tightly integrated applications and packaged solutions that automate and accelerate the financial close and other key accounting and finance processes – from within a single, unified cloud-based platform. Leading companies of all sizes are now integrating finance controls and automation solutions as part of their efforts to transform legacy, back-office operations into world-class, Modern Finance organizations with greater efficiencies and reduced compliance risk.

In addition to strong revenue growth, BlackLine also quadrupled its headcount in the past few years, adding jobs in the United States, the United Kingdom, France, Malaysia and Australia and is on track to open additional European and Asian offices in the next year.

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