BlackLine Launches Studio360 Platform to Drive Future-Ready Financial Operations for the Office of the CFO
November 19 2024 - 9:38AM
BlackLine (Nasdaq: BL), the future-ready platform for the Office of
the CFO, today unveiled The BlackLine Studio360 Platform, a
groundbreaking advancement in digital finance transformation that
empowers finance and accounting professionals with the capabilities
needed to navigate today’s dynamic business landscape. Designed to
support the entire Office of the CFO, Studio360 unifies financial
operations at scale, streamlining processes and delivering
actionable insights across all financial functions.
"Studio360 is the new gold standard for digital finance
transformation," said Therese Tucker, co-CEO and Founder.
“Studio360 reflects BlackLine’s two-decade commitment to empowering
the Office of the CFO with innovative, customer-driven solutions.
Studio360 offers our customers an accurate, efficient, and
intelligent approach to financial operations that gets them
future-ready.”
Five Powerful Components Enabling
Transformation
The Studio360 Platform provides a powerful infrastructure that
includes five key components—Integrate, Orchestrate, Visualize,
Blueprint, and Control—each purpose-built to address the
complexities facing the office of the CFO:
- Studio360
Integrate: Powerful and flexible capabilities for
unifying, cleansing, and transforming data through pre-built
connectors and APIs, ensuring a single source of truth
for finance & accounting teams.
- Studio360
Orchestrate: The industry’s most comprehensive process
automation and workflow management capabilities, seamlessly
connecting BlackLine applications, ERPs, and other financial
applications (e.g., procurement, payroll, treasury) with real-time
tracking and event-based scheduling.
- Studio360
Visualize: Real-time, AI-powered insights, anomaly
detection, exception handling, and KPI monitoring through
customizable dashboards and reports, enabling fast, data-driven
decisions.
- Studio360
Blueprint: An extensive library of process design
templates, grounded in customer-informed industry best practices
and updated by BlackLine and its world-leading partners,
accelerating deployment and enhancing transformation outcomes.
- Studio360 Control:
A centralized hub to manage financial data hierarchies, policies,
and certifications to strengthen governance and risk
management.
Each component of Studio360 leverages the latest in data
connectivity, security, and automation to bring new levels of
productivity and efficiency to finance and accounting teams while
ensuring critical accuracy for compliance and reporting.
Enhanced by Strategic Partnership with
Snowflake
Enhancing the Studio360 data capabilities is a new strategic
partnership with Snowflake, the world’s leading data cloud
provider. By integrating Snowflake’s data cloud with BlackLine’s
powerful Studio360, finance teams gain unmatched data scalability,
security, and speed. This integration supports real-time data
sharing, scales to handle billions of transactions, and empowers
CFOs to drive higher operational performance.
"Studio360 is more than a platform—it’s the next step in
empowering CFOs and finance leaders to achieve operational
excellence in a fast-paced, data-driven world," said Jeremy Ung,
BlackLine Chief Technology Officer. "Its power lies in transforming
data and mapping processes across multiple workstreams
to provide real-time insights into financial health and enable
informed decision-making. Our infrastructure unifies customers’
financial operations, offering a comprehensive view of every
process, no matter the data source. Our integration with Snowflake
further enhances Studio360, giving customers secure, scalable data
connectivity that unifies their entire financial ecosystem for a
seamless, end-to-end experience.”
The Future-Ready Financial Platform for the Office of
the CFO
“Unlike single-purpose solutions with limited scalability,
Studio360 is ERP-agnostic and designed for complete flexibility
across a company’s financial ecosystem,” said Charlie Gaulke, SVP
of Product Management at BlackLine. “By automating processes,
unifying data, and delivering AI-powered real-time insights,
BlackLine’s Studio360 equips finance organizations with a holistic,
next-generation solution to simplify and optimize financial
operations.”
"In today's world, finance teams need real-time visibility into
financial data for effective planning and decision making but are
often challenged to reconcile data in multiple systems and
applications," said Rebecca Wettemann, CEO and Principal Analyst at
industry analyst firm Valoir. "Blackline provides a scalable and
secure platform for integrating, orchestrating, and visualizing
finance data and processes.”
About BlackLine
BlackLine (Nasdaq: BL), the future-ready platform for the Office
of the CFO, drives digital finance transformation by empowering
organizations with accurate, efficient, and intelligent financial
operations.
BlackLine’s comprehensive platform addresses mission-critical
processes, including record-to-report and
invoice-to-cash, enabling unified and accurate data,
streamlined and optimized processes, and real-time insight through
visibility, automation, and AI. BlackLine’s proven,
collaborative approach ensures continuous transformation,
delivering immediate impact and sustained value. With a proven
track record of innovation, industry-leading R&D investment,
and world-class security practices, more than 4,400 customers
across multiple industries partner with BlackLine to lead their
organizations into the future.
For more information, please visit blackline.com.
Media Contact:Samantha DarilekVP, CommunicationsP.
877-777-7750E: samantha.darilek@blackline.com
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