Deloitte and BlackLine Systems Finalize Strategic Alliance
NEW YORK and LOS ANGELES, May 31, 2012 – After years of working together on finance transformation projects assisting large companies in the successful implementation of BlackLine software, Deloitte, one of the largest professional services organizations in the United States, and BlackLine Systems, one of the world’s leading financial technology solutions companies, have formalized a strategic business alliance.
Under the alliance, BlackLine and Deloitte, through Deloitte’s finance transformation practice, can continue to help large organizations automate their account reconciliation and financial close processes, and extract enhanced value from the BlackLine application.
Through the long-standing relationship with BlackLine and the technology they provide, which drives efficiencies and automation via the BlackLine Financial Close Software Suite, Deloitte has provided high-value finance transformation projects for many Fortune 500 companies within various industries as well as educational institutions.
“As a technology leader in financial close automation tools, BlackLine provides a platform that can dramatically improve finance and accounting operations,” said Kyle Cheney, partner, Deloitte & Touche LLP and a leader in Deloitte’s core finance transformation practice. “Our alliance with BlackLine supports our holistic view of people, processes and technology working together to help improve efficiency, governance, and the quality of financial reporting. Through the strength of our alliance with BlackLine, we have been able to successfully deliver quality projects for our clients by helping them better manage their close process through the efficiency and control that the BlackLine software supports.”
Therese Tucker, chief executive officer, BlackLine Systems, adds, “We have a long track record of successful projects with Deloitte. They provide in-depth knowledge and hands-on advisory services in the implementation of the BlackLine software that help companies realize the tremendous benefits of an enhanced finance organization.”
Through professional training on the BlackLine solution, which is designed to provide the skills necessary to implement BlackLine, many Deloitte advisors have become ‘BlackLine Certified Implementation Professionals.’
Founded in 2001, 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. 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. For more information, please visit www.blackline.com.
About Deloitte’s Finance Operations & Controls Transformation practice
Marketplace developments in recent years have focused an intense spotlight on the finance, compliance and operations functions, and the areas within an organization that they influence. Deloitte’s Finance Operations & Controls Transformation (FO&CT) services focus on assessing, testing and assisting organizations in improving processes and controls, transforming the way clients effectively address business, technology and financial statement risk. Our services help organizations improve business performance by increasing the effectiveness and efficiency of functions closely linked to financial statements and related internal controls.
As used in this document, “Deloitte” means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.