LOS ANGELES, June 26, 2012 /PRNewswire/ -- Living up to his name, BlackLine Systems CFO Charles Best was honored with a 2012 CFO Award by the San Fernando Valley Business Journal (SFVBJ). The appointment reflects BlackLine's strong financial performance, along with Best's direction implementing multiple technology solutions to automate and improve processes for the fast-growing financial software company.
The fifth annual awards recognize "outstanding CFOs and finance professionals." A complete list of award honorees, along with an article written by Best on "Technology's Increasing Impact on the Ever-evolving Role of the Corporate Accountant"can be found in the June 25th issue of the San Fernando Valley Business Journal.
BlackLine revenues were up by more than 50 percent in 2009, 2010 and 2011. The 2009 growth follows three sequential previous years where the company's revenues doubled. The company expects to grow by at least that pace in 2012 under Best's financial leadership.
The SFVBJ recognition comes on the heels of Best winning a TechAmerica 2012 'Financial Star of the Year' Award and also follows several other recent accolades for the company. In 2011, BlackLine was named a Red Herring 100 Global Winner – recognizing the company as one of the 'most innovative and promising' tech ventures in the world. More recently, BlackLine was named to Software Magazine's prestigious annual list of the 500 largest software and service providers in the world.
BlackLine continues to add clients at an aggressive pace with a long list of household name companies already on board including AT&T, Boeing, H.J. Heinz, Northrop Grumman, Starkist, United Airlines and Whirlpool, to name a few.
Prior to BlackLine, Best was CFO for two publicly traded NASDAQ companies, one in biotech and one in the manufacturing sector.
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.
Director of Corporate Communications
SOURCE BlackLine Systems