LOS ANGELES and LONDON, March 10,
2021 /CNW/ -- BlackLine, Inc. (Nasdaq: BL) today
announced it is the recipient of an SAP® EMEA North Award for
Partner Excellence 2021 for Solution Extensions – Growth.
Awards were presented by SAP (NYSE: SAP) to the
top-performing partners in the region that have made outstanding
contributions to driving customers' digital transformations.
Recipients of this year's awards have been – in partnership
with SAP – helping customers adopt innovation easily, gain results
rapidly, grow sustainably and run more simply with SAP
solutions.
"The relationships that SAP has with its customers come with a
deep understanding of the long-term goals of their digital
transformation initiatives," said Mel
Zeledon, BlackLine's senior vice president of channels and
alliances. "SAP and BlackLine help customers understand the
value of adopting solution extensions from BlackLine as part of
their SAP S/4HANA® and digital finance transformation
journeys. As a result, we continued to see growth, adding new
logos around the globe. As businesses embark on their
transformation journey to the intelligent enterprise, BlackLine and
SAP are ready to engage and deliver increased value to
customers."
Winners of the regional awards for partner excellence were
selected from SAP's wide-ranging partner base, and nominations were
based on SAP's internal sales data. A steering committee
composed of regional and global SAP representatives determined
winning partners in each category according to numerous criteria
such as sales achievement and performance. Awards were
presented in a variety of categories including overall sales,
innovation, technology and services, as well as solution-specific
areas.
"BlackLine helps businesses streamline the financial close
process by providing automated balance sheet substantiation
and intercompany governance functionality within a controlled,
end-to-end solution," said Martin Naraschewski, senior vice
president, global head of line of business finance for SAP.
"By offering BlackLine's solutions as SAP Solution Extensions, we
are enabling our global customers to adopt and benefit from leading
cloud technology that brings them added value, particularly for
those running on SAP S/4HANA. It's exciting to see the
momentum building for BlackLine's solutions, and we are
enthusiastic about the future of our partnership."
The BlackLine automation platform complements functionality
provided by SAP ERP Financials and SAP S/4HANA. The
integration brings enhanced control, automation and data integrity
to audit, finance and accounting departments worldwide, while
ensuring that data flowing to and from SAP solutions does so
through standardized processes. BlackLine's cloud-based
solutions are offered as SAP Solution Extensions under the
following names:
- SAP Account Substantiation and Automation by BlackLine
- SAP Account Substantiation and Automation by BlackLine, premier
edition
- SAP Intercompany Financial Hub by BlackLine
Hundreds of the world's leading companies currently run
BlackLine alongside SAP technology. However, BlackLine is ERP
agnostic and integrates with more than 30 different leading source
systems, an added benefit for businesses using SAP solutions with
multiple ERPs.
The 2021 SAP Partner Excellence Awards were presented at the
recent SAP Customer Success Summit.
About BlackLine
Companies come to BlackLine (Nasdaq:
BL) because their traditional manual accounting processes are not
sustainable. BlackLine's cloud-based solutions and
market-leading customer service help companies move to modern
accounting by unifying their data and processes, automating
repetitive work, and driving accountability through
visibility. BlackLine provides solutions to manage and
automate financial close, accounts receivable and intercompany
accounting processes, helping large enterprises and midsize
companies across all industries do accounting work better, faster
and with more control.
More than 3,400 customers trust BlackLine to help them close
faster with complete and accurate results. The company is the
pioneer of the cloud financial close market and recognized as the
leader by customers at leading end-user review sites including
Gartner Peer Insights, G2 and TrustRadius. Based in
Los Angeles, BlackLine also has
regional headquarters in London,
Singapore and Sydney. For
more information, please visit blackline.com.
BlackLine Forward-looking Statements
This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. In
some cases, you can identify forward-looking statements by
terminology such as "may," "will," "should," "could," "expect,"
"plan," anticipate," "believe," "estimate," "predict," "intend,"
"potential," "would," "continue," "ongoing" or the negative of
these terms or other comparable terminology. Forward-looking
statements in this release include statements regarding our growth
plans and opportunities.
Any forward-looking statements contained in this press release
are based upon BlackLine's current plans, estimates and
expectations and are not a representation that such plans,
estimates, or expectations will be achieved. Forward-looking
statements are based on information available at the time those
statements are made and/or management's good faith beliefs and
assumptions as of that time with respect to future events and are
subject to risks and uncertainties. If any of these risks or
uncertainties materialize or if any assumptions prove incorrect,
actual performance or results may differ materially from those
expressed in or suggested by the forward-looking statements. These
risks and uncertainties include, but are not limited to, risks
related to the Company's ability to execute on its strategies,
attract new customers, enter new geographies and develop, release
and sell new features and solutions; and other risks and
uncertainties described in the other filings we make with the
Securities and Exchange Commission from time to time, including the
risks described under the heading "Risk Factors" in our Annual
Report on Form 10-K. Additional information will also be set
forth in our Quarterly Reports on Form 10-Q.
Forward-looking statements should not be read as a guarantee of
future performance or results, and you should not place undue
reliance on such statements. Except as required by law, we do not
undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise.
SAP Forward-looking Statement
Any statements contained
in this document that are not historical facts are forward-looking
statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. Words such as "anticipate," "believe,"
"estimate," "expect," "forecast," "intend," "may," "plan,"
"project," "predict," "should" and "will" and similar expressions
as they relate to SAP are intended to identify such forward-looking
statements. SAP undertakes no obligation to publicly update or
revise any forward-looking statements. All forward-looking
statements are subject to various risks and uncertainties that
could cause actual results to differ materially from expectations
The factors that could affect SAP's future financial results are
discussed more fully in SAP's filings with the U.S. Securities and
Exchange Commission ("SEC"), including SAP's most recent Annual
Report on Form 20-F filed with the SEC. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates.
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as their respective logos are trademarks or registered trademarks
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