New Endorsed Business Solution (EBS) – BlackLine Financial Close Suite
SAP continues to support our customers’ business and build its eco-system around SAP Accounting and Financial Close solutions by endorsing the BlackLine Financial Close Suite of our partner BlackLine Systems. The partner software provides solutions
·Account Reconciliation, Task Management, Variance Analysis, Journal Entries, Transaction Matching and Consolidation Integrity Manager
The use of these solutions will enable customers to reduce risk and achieve compliance in their account reconciliation and financial close processes, gain efficiencies and increase employee productivity, thus freeing-up resources for value-adding activities and supporting the business. It complements the innovations SAP is delivering via SAP Business Suite powered by SAP HANA, SAP enterprise performance management solutions, and SAP governance, compliance and risk management solutions.
BlackLine Systems was the first to develop and offer a commercially available Account Reconciliation solution and is considered a market leader by analysts. The software is leveraged by more than 700 companies from the Fortune 100 to beyond the Fortune 1000, with more than 75,000 users in over 100 countries. Examples of reference customers are insurance giant Zurich, e-commerce leader eBay, Mondelez International (formerly Kraft Foods), defense industry giant Northrop Grumman, and global aluminum manufacturer Novelis, The solution is provided as SaaS (Software-as-a-Service) with data centers in the U.S. and Europe. BlackLine has been a successful SAP software solution and technology partner in the SAP PartnerEdge® program for more than three years.
As an Endorsed Business Solution (EBS), the solution is integrated to SAP solutions (currently SAP ERP) and has been tested by SAP. The solution continues to be sold by BlackLine Systems. The solution is a key part of the Accounting and Financial Close solutions offered by SAP.
For more information on BlackLine and its solutions, please see:
·BlackLine Web Page – www.blackline.com
·Press Release – Link
In case of any questions, please reach out to
·Stefan.Karl@sap (Solutions, Accounting and Financial Close)
·Elizabeth.Milne@sap (Marketing, Accounting and Financial Close)
·Fabrice.Giraudin@sap.com (Global CoE, Accounting and Financial Close)
·Susan.Pezzuto@sap.com (Global Partner Management)