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BlackLine releases Finance Controls and Automation Platform

Tuesdsay 17th November, 2014

BlackLine, a leader in enhanced finance controls and automation software, has revealed its new Finance Controls and Automation Platform. Headquartered in Los Angeles, and with an expanding presence in the UK, BlackLine works with more than 900 global companies to help reduce the time and resources required to execute month-end closing with greater accuracy.

The new platform is a unified cloud-based offering designed to help mid-size companies and global enterprises lower their compliance risks and gain greater efficiencies, by automating and optimising a wide range of core accounting and financial processes across the entire ‘Modern Finance’ organisation.

Along with this the company has also announced new cloud software to automate and manage intercompany transaction accounting, reconciliation and settlement. The BlackLine Intercompany Hub serves as a clearinghouse for intercompany transactions, supporting a single process for reconciling, netting and settling intercompany transactions in real time.

The new cloud platform provides enhanced control and visibility over previously manual, mission-critical accounting and finance processes, while addressing  the growing regulatory compliance responsibilities under Sarbanes-Oxley, and the new COSO Framework.  It also lets the Office of Finance respond more effectively to CFO needs for greater visibility into enterprise performance to improve strategic and tactical decision-making.

Therese Tucker, BlackLine CEO, said; "Many of the world’s best-run organisations are experiencing first-hand the efficiencies and risk reduction benefits of automating key accounting and finance processes."