BlackLine Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

BlackLine Strengths, Domain Expertise, and Key Differentiators

BlackLine and its strategic partnership with Google Cloud Platform established two years ago, has announced a renewed collaboration aimed at advancing automation solutions for finance and accounting (F&A) worldwide.

BlackLine and Google Cloud will engage in joint selling and go-to-market activities to support organizations in their digital finance transformation and modern accounting endeavors. Leveraging Google Cloud's state-of-the-art cloud infrastructure, businesses can seamlessly deploy BlackLine solutions on a global scale, offering a unified and superior experience for migrating finance and accounting operations to the cloud.

Together, BlackLine and Google Cloud are poised to unlock new possibilities for modern accounting, harnessing AI-powered automation, global scalability, advanced data analytics, and robust security measures, all underscored by a shared commitment to driving continuous innovation in the industry.

BlackLine stands out in the market due to its comprehensive suite of cloud-based solutions for financial close management, accounting automation, and intercompany governance. The company's domain expertise, coupled with its AI and ML-powered automation features, enables organizations to streamline their accounting processes and drive operational efficiency.

BlackLine's solutions are ERP-agnostic, offering seamless integration with over 30 leading ERP and source systems, making them adaptable to diverse enterprise environments. With over 4000 customers worldwide, including Fortune 25 companies, BlackLine has established itself as a trusted partner for organizations across industries, empowering them to achieve modern accounting practices and optimize financial operations.

BlackLine Recent Developments

In September 2023 BlackLine unveiled its latest product enhancement, Intercompany Predictive Guidance. Introducing AI-enabled intercompany accounting capabilities, poised to revolutionize transaction lifecycle management.

By leveraging advanced artificial intelligence and machine learning algorithms, Intercompany Predictive Guidance empowers organizations to anticipate and address transaction failures proactively. By analyzing transactional data, the AI-powered solution identifies potential risks to financial close processes and data accuracy before transactions are finalized.

With Intercompany Predictive Guidance, companies can achieve unprecedented levels of efficiency and accuracy, ultimately driving significant time and cost savings. Initially available for BlackLine's Intercompany Non-Trade solution, this enhancement underscores BlackLine's commitment to delivering cutting-edge solutions that streamline finance and accounting operations for its global clientele.

BlackLine has been making significant strides in its market presence, evident from its recent developments and expansions. BlackLine unveiled its Modern Accounting Playbook, aiming to assist midmarket companies in swiftly adopting its accounting automation platform.

Additionally, the company expanded its technology partnership with Google Cloud, underscoring its commitment to innovation and leveraging cloud technology.

In October 2021, BlackLine enhanced its accounts receivable (AR) automation offering with the launch of its next-generation AR automation suite, powered by AI. These strategic moves reflect BlackLine's focus on driving efficiency, productivity, and value for its customers, contributing to its revenue growth and market leadership.

BlackLine Mergers and Acquisitions (M&A) Activities

In January 2022, BlackLine acquired FourQ Systems a player in intercompany financial management technology. This strategic move reinforces BlackLine's commitment to advancing its intercompany accounting automation capabilities and solidifies its position in the Office of the Controller.

By integrating FourQ's expertise and solutions, BlackLine aims to drive end-to-end automation of traditionally manual intercompany accounting processes, aligning with its broader vision of transforming and modernizing finance and accounting (F&A) operations.

The completion of the acquisition on Jan. 26, 2022, marks a significant milestone for BlackLine, with a transaction value of $165 million payable at close, plus potential earnout consideration of up to $75 million over the next three years, BlackLine demonstrates its confidence in the value proposition and growth potential of the combined entity.

In a notable acquisition move, BlackLine acquired the UK-based AI-powered cloud platform Rimilia for $150 million in October 2020. This acquisition marked BlackLine's foray into accounts receivable automation, leveraging Rimilia's expertise in real-time cash flow management.

BlackLine's partnership with SAP, initiated in 2018, has strengthened its market position, with its products now included on SAP's price list and sold by SAP directly. This collaboration has significantly expanded BlackLine's reach and customer base, positioning it as a key player in the finance and accounting solutions market. BlackLine's strategic acquisitions and partnerships underscore its commitment to driving innovation and meeting the evolving needs of its customers.

BlackLine Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying BlackLine applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of BlackLine and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified BlackLine Finance Controls & Automation Platform, customers.

BlackLine Key Enterprise and Cloud Applications

BlackLine Finance Controls & Automation Platform,

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BlackLine Direct vs Indirect sales

BlackLine Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified BlackLine Customers

No. of BlackLine Customers: 4188

No. of BlackLine Enterprise Applications Customers: 4188

No. of BlackLine Cloud Customers: 4188

No. of BlackLine Cloud Subscribers: 366522

BlackLine boasts a diverse customer base comprising over 4,188 organizations across 130+ countries, including renowned brands such as Hershey, Coca-Cola, and Western Union. The company's solutions cater to large enterprises and midsize companies across various industries, with significant customer wins in North America, EMEA, and the Asia-Pacific region.

Notably, BlackLine surpassed 1,000 customers running on Oracle ERPs in September 2021, highlighting its ERP-agnostic approach and widespread adoption across different ERP ecosystems. With a strong presence in both established and emerging markets, BlackLine continues to expand its global footprint and deliver value to its diverse customer base.

BlackLine Market Opportunities, M&A and Geo Expansions

In May 2023 BlackLine expanded its footprint in the Asia-Pacific (APAC) region, signaling its commitment to the burgeoning market. The company's latest initiatives include the establishment of a new office, the appointment of two key leaders, and the launch of a cutting-edge data center in Sydney.

This strategic move not only demonstrates BlackLine's dedication to regional growth but also underscores its focus on providing enhanced support to local customers and partners. The new collaborative workspace will serve as a hub for driving market expansion and fostering the development of the regional workforce.

Additionally, the upcoming data center, to be housed within a Google Cloud facility in Sydney, is poised to revolutionize customer service delivery in the APAC region. By bolstering scalability and ensuring compliance with data sovereignty regulations, the data center will enable BlackLine to meet the evolving needs of its growing customer base while upholding the highest standards of information security.

BlackLine is well-positioned to capitalize on the growing demand for cloud-based financial automation solutions, fueled by the increasing adoption of digital transformation initiatives worldwide. The company has opportunities to expand its market reach by embracing emerging technologies such as AI, ML, IoT, and cloud computing, enabling organizations to modernize their accounting processes and drive business agility.

BlackLine can leverage its strategic partnerships with leading technology providers like SAP and Google Cloud to unlock new market opportunities and accelerate its growth trajectory. By focusing on innovation and customer-centric solutions, BlackLine can seize opportunities in both horizontal and vertical markets, driving continued success and market leadership.

BlackLine Risks and Challenges

While BlackLine enjoys a high renewal rate and steady growth, it faces potential risks associated with market competition, technology disruptions, and economic uncertainties. The company's "Land-and-Expand" sales strategy presents opportunities for revenue expansion but also entails risks of over-reliance on existing customers and market saturation.

BlackLine must navigate challenges related to data security, regulatory compliance, and customer retention to sustain its growth momentum. Moreover, the dynamic nature of the technology landscape poses risks of obsolescence and requires BlackLine to continuously innovate and adapt to changing market dynamics.

BlackLine Ecosystem, Partners, Resellers and SI

BlackLine has cultivated a robust ecosystem of partners, including technology integrators, system integrators, and value-added resellers, to enhance its market presence and deliver comprehensive solutions to customers.

The company's strategic partnerships with SAP, Google Cloud, and other leading technology providers enable seamless integration and interoperability, expanding its product capabilities and market reach.

BlackLine's global partner program facilitates collaboration with regional partners and accelerates go-to-market initiatives across geographies and industry verticals. By fostering a collaborative ecosystem, BlackLine strengthens its competitive advantage and delivers greater value to customers through integrated solutions and best-in-class services.

BlackLine Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: