Bundled software and services offerings help
companies get up and running and benefit quickly from
market-leading financial close and invoice-to-cash
solutions
LOS
ANGELES, Feb. 28, 2024 /CNW/ -- BlackLine,
Inc. (Nasdaq: BL) today announced it has added its 1,000th Modern
Accounting Playbook (MAP) customer. Introduced just four years ago,
the bundled software and services offerings are designed to help
companies get up and running quickly and realize immediate value on
BlackLine's market-leading
https://www.blackline.com/solutions/financial-close-management/financial
close and invoice-to-cash solutions. MAP's well-defined,
proven processes and best practices enable organizations to
streamline, control, and modernize their accounting operations and
be up and running in as little as five days.
BlackLine MAP makes the move to modern accounting achievable by
helping organizations realize the greatest value in the shortest
amount of time. By applying a combination of native cloud
technology, a vast library of pre-configured leading-practices
templates, and a highly optimized delivery model, BlackLine MAP can
drastically reduce implementation time and accelerate
time-to-value.
For many organizations, streamlining processes and optimizing
operations in a dynamic business environment can be a daunting
task. Yet, PwC estimates that 60% of senior executives believe
digital transformation is critical for business
growth*. As a strategic partner to the Office of the
CFO, BlackLine alleviates this burden, enabling teams to quickly
identify and adopt leading modern accounting practices.
"We've created a playbook for rapid success, based on our
extensive experience working with thousands of leading companies
over the past 20 years. BlackLine MAP's continuing rise in
popularity is a testament to its unique methodology and approach
making it among the quickest ways to shave time off the close and
free working capital, slashing workloads and bolstering financial
statement integrity," said BlackLine Co-CEO Owen Ryan. "And when a customer needs to
automate more financial close or invoice-to-cash processes as
business volume and complexity increases or prepare for significant
milestones like an IPO or acquisition, with MAP, they have the
foundation in place to tackle any growth milestone they may
encounter."
The MAP solution offerings bundle BlackLine's award-winning
products, leading practices, and implementation services with
comprehensive knowledge around ERP integration, data extraction,
task checklists, ready-to-go process templates, rules-based
automation, reports, dashboards, approval flows, and more to
swiftly modernize and enhance accounting processes. BlackLine MAP
initiates and accelerates the customer's accounting modernization
journey and scales with optimization efforts for expansive growth
and continuous enhancement.
Organizations embracing BlackLine MAP, such as digital
healthcare leader GoodRx, quickly enjoy the resulting
benefits. "It was highly organized. We had a project plan, a clear
timeline, and regular meetings," Milton
Massery, director of accounting at GoodRx, said in regard to
the MAP implementation.
BlackLine MAP also enabled GoodRx to simplify and scale for
growth. Massery added, "Even though we keep adding complexity, we
still have to close the books on time. With BlackLine, we can keep
up with the increased workload—and increased complexity—as the
company grows."
Since first releasing MAP for Financial Close, BlackLine has
added MAP for Cash Application to enable customers to rapidly
optimize their invoice-to-cash processes and introduced the 5-Day
Fast Track, the industry's first and only five-day implementation
so organizations can be up and running on BlackLine in time for
their next month-end close.
To learn more about BlackLine MAP or schedule a meeting with a
BlackLine expert, go here.
About BlackLine
Companies come to BlackLine (Nasdaq: BL) because their traditional
manual accounting and finance processes are not sustainable.
BlackLine's market-leading cloud platform and customer service help
companies move to modern accounting by unifying their data and
processes, automating repetitive work, and driving accountability
through visibility. BlackLine provides solutions to manage and
automate financial close, intercompany accounting, invoice-to-cash,
and consolidation processes – inspiring, powering, and guiding
large enterprises and midsize businesses on their digital finance
transformation journeys.
More than 4,300 customers trust BlackLine to help them close
faster with complete and accurate results. The company is the
pioneer of the cloud financial close market and is recognized as
the leader by customers at leading end-user review sites including
G2 and TrustRadius. BlackLine is a global company with operations
in major business centers including Los
Angeles, New York, the San
Francisco Bay area, London,
Paris, Frankfurt, Tokyo, Singapore, and Sydney. For more information, visit
blackline.com.
BlackLine Forward-looking Statements
This release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. In some cases,
you can identify forward-looking statements by terminology such as
"may," "will," "should," "could," "expect," "plan," anticipate,"
"believe," "estimate," "predict," "intend," "potential," "would,"
"continue," "ongoing" or the negative of these terms or other
comparable terminology. Forward-looking statements in this release
include statements regarding our growth plans and
opportunities.
Any forward-looking statements contained in this press release
are based upon BlackLine's current plans, estimates and
expectations and are not a representation that such plans,
estimates, or expectations will be achieved. Forward-looking
statements are based on information available at the time those
statements are made and/or management's good faith beliefs and
assumptions as of that time with respect to future events and are
subject to risks and uncertainties. If any of these risks or
uncertainties materialize or if any assumptions prove incorrect,
actual performance or results may differ materially from those
expressed in or suggested by the forward-looking statements. These
risks and uncertainties include, but are not limited to, risks
related to the Company's ability to execute on its strategies,
attract new customers, enter new geographies and develop, release
and sell new features and solutions; and other risks and
uncertainties described in the other filings we make with the
Securities and Exchange Commission from time to time, including the
risks described under the heading "Risk Factors" in our Annual
Report on Form 10-K. Additional information will also be set forth
in our Quarterly Reports on Form 10-Q.
Forward-looking statements should not be read as a guarantee of
future performance or results, and you should not place undue
reliance on such statements. Except as required by law, we do not
undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise.
*PwC Pulse Survey: Executive Views on Business in
2022
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SOURCE BlackLine
