Silicon100 2017

Eliminate the biggest bottleneck for a fast, accurate, global financial close: Blackline

thesiliconreview-therese-tucker-ceo-blackline-17BlackLine provides software that automates and manages complex, manual, and repetitive accounting processes. We also enable companies to move beyond traditional period-end accounting and the legacy record-to-report process with Continuous Accounting. This approach allows tasks that would typically be left until the end of the period to be executed as early as possible, embedding them within workflows and day-to-day activities. BlackLine yields confidence by reducing errors and allowing accountants to shift their time from producing reports to investigating discrepancies and analyzing results and trends.

Since being founded in 2001, BlackLine has become a leading provider of cloud software that automates and controls the entire financial close process. Our vision is to modernize the finance and accounting function to enable greater operational effectiveness and agility, and we are committed to delivering innovative solutions and services to empower accounting and finance leaders around the world to achieve Modern Finance.

Think, Create, Serve – TCS’s

At BlackLine, we live by three basic tenets: think, create, and serve. These principles help guide us as we develop products, solutions, and services to meet - and exceed - the needs of our customers. We made the conscious decision in 2005 to focus exclusively on automation and control functionality for accounting and finance professionals. So whether we’re developing a new product or making enhancements to the user interface, we create with our users in mind.

Vision, Mission and Passion

We believe that this passion and dedication to our customers is why BlackLine’s Finance Controls and Automation platform is trusted by more than 1,500 companies in over 120 countries around the world and why we’ve been named to the Forbes Cloud 100 list and the Inc. 500/5000 list for the ninth year in a row. Headquartered in Los Angeles, California, with offices in Australia, the United Kingdom, Germany, and throughout the United States, our team of professionals and network of partners help transform the way accounting and finance teams work to drive more accurate financials and more effective organizations.

BlackLine Platform Solutions

BlackLine helps organizations modernize processes, embed controls, and obtain unprecedented visibility into accounting and finance by centralizing key accounting functions within a single platform. In addition to automating period-end processes, BlackLine solutions enable companies to move beyond the antiquated record-to-report process to a new approach known as Continuous Accounting. This evolution of process optimization and technical automation facilitates continuous monitoring for fraud and inaccuracies, delivering greater visibility to the organization and unleashing accountants to contribute greater value to the broader business. Advance critical accounting operations and centralize account reconciliations, journal entries, variance analysis, intercompany transactions and processing, task assignments, checklists, and the financial close with BlackLine.


-Accuracy, efficiency, and compliance with a streamlined close

BlackLine Financial Close Management empowers accounting and finance leaders to gain full control over the financial close process by automating accounting workflows, providing a secure workspace to complete period-end accounting activities, and streamlining financial reporting. Automation removes much of the complex, manual, and error-prone steps inherent to dated accounting practices, and frees accounting departments to add more value to the business by shifting focus from processing transactions to analyzing them. The Financial Close Management solution also enables a new approach called Continuous Accounting. This approach moves beyond the linearity of the legacy record-to-report process and more evenly distributes workloads over time while facilitating the continual monitoring for errors, fraud, and inefficiencies.


-Centralize and streamline end-to-end intercompany accounting

The BlackLine Intercompany Hub is a clearinghouse for intercompany transfer agreements and transactions that eliminates the need for after-the-fact manual intercompany reconciliations, netting, and settlement. The Intercompany Hub centrally interfaces with a company’s entire core ERPs and other systems, creating intercompany transactions and distributing data and automated journal entries from a centralized system. This provides the means for a single process for agreeing to, creating, posting, and settling intercompany transactions. With a single process, companies gain the highest degree of data integrity and regulatory compliance.


-Automate Any Type of Manual Reconciliation

Reconciliation Management modernizes period-end accounting by enabling users to automate, streamline, and manage reconciliations at the transaction; balance sheet or even consolidation level with several key products across BlackLine’s unified Finance Controls and Automation platform. The BlackLine Reconciliation Management Solution speeds up period-end accounting with comprehensive multi-currency functionality and support for IFRS and GAAP standards. This solution delivers a critical milestone on the journey to Modern Finance by standardizing internal processes, decreasing risks of error and inaccuracy, and providing critical visibility into processes and accounting operations. Accelerate your period-end account reconciliations and other operational reconciliations and move beyond manual, error-prone, spreadsheet-driven processes.


-Measure productivity and improve accounting operations

BlackLine Insights provides real time, actionable benchmarking, intelligence, and analysis of your accounting and finance operations. It empowers accounting and finance leaders to measure and continually improves upon the efficiency of their period-end accounting activities and other key processes. It leverages the world’s largest set of accountancy process-execution data, information that has never been gathered or available before. As a result, clients analyze how their accounting team performs compared to specific benchmarks and continuously improve operations.

Man behind the success

Therese Tucker, Founder and CEO: Therese founded BlackLine in 2001. She designed the first offerings of BlackLine’s products, engineered its transition to the cloud in 2007, and has led the organization in automating the financial close process via the company’s flagship Finance Controls and Automation Platform. Under her direction, BlackLine has experienced strong growth since its inception. Previously, Therese served as Chief Technology Officer for SunGard Treasury Systems. She holds a Bachelor of Science degree in Computer Science and Mathematics from the University of Illinois.

“We provides software that automates and manages complex, manual, and repetitive accounting processes”