LOS ANGELES, Jan. 14, 2016 /PRNewswire/ -- BlackLine's Finance Controls and Automation Platform has been named 'Best in Enhanced Finance Controls & Automation (EFCA) Software for 2015' at the recent Software & Technology Awards, presented earlier this month by Corporate America News, an independent news magazine aimed at CEOs and other top-tier management and decision makers across the United States.
EFCA comprises solutions that focus on improving financial processes and controls across the Finance & Accounting organization. According to global technology research leader Gartner, these solutions, which address "The Last Mile of Finance" and financial governance, have expanded beyond financial close and reconciliation management to include functionality currently missing from Enterprise Resource Planning (ERP) and Corporate Performance Management (CPM) systems. In a 2014 report, Gartner listed BlackLine as a 'Best of Breed' provider for EFCA software.
Corporate America News' Software & Technology Awards are dedicated to bringing to the forefront the most technologically ground-breaking and results-driven industry leaders in the United States. The awards highlight the cutting-edge individuals, departments and firms who, through their commitment, experience and willingness to push the boundaries of business-based technology, will shape and enhance the American business landscape for years to come.
BlackLine is a leading provider of Enhanced Finance Controls and Automation (EFCA) software and the only one that offers a unified cloud platform supporting the entire close-to-disclose process. BlackLine's EFCA Platform helps midsize companies and large enterprises improve the accuracy and reliability of their financial reporting, achieve process efficiencies and improve visibility into their Finance & Accounting (F&A) operations. The platform enables customers to move beyond outdated processes and point solutions to a 'Continuous Accounting' model. With Continuous Accounting, real-time automation, controls and period-end tasks are embedded within day-to-day activities, allowing the rigid accounting calendar to more closely mirror the broader business.
Delivered through a scalable and highly secure cloud model and built from a single code base, the BlackLine platform supports many key F&A processes including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle. Through BlackLine's cloud analytics software, BlackLine Insights, CFOs access real-time data to benchmark, analyze and improve the efficiency and performance of their F&A organizations. The software utilizes live, aggregated and anonymized data collected from BlackLine customers.
In an era of ever-increasing business complexity, transaction volumes and stringent regulatory requirements, BlackLine's platform is purpose-built to transform and modernize mission-critical F&A processes—with enterprise-grade accuracy, automation and transparency. More than 110,000 users across 1,200 companies in approximately 100 countries depend upon BlackLine to increase accountant productivity and elevate controls and compliance functions to Modern Finance status.
BlackLine complements existing enterprise systems for Corporate Performance Management, Governance Risk and Compliance and Enterprise Resource Planning. The BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution, joining the ranks of fewer than 40 other software offerings. BlackLine also is an SAP Gold Partner, Oracle Gold Partner, and participates in the partner programs of NetSuite and several other ERP providers.
BlackLine global headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City, Paris, Sydney and Vancouver. For more information, please visit www.blackline.com.