Business
Accounting Automation Solutions By BlackLine Complement New Rise With SAP® Offering
BlackLine offers cloud-based solutions for SAP® software that enable fast time-to-value for businesses moving to SAP S/4HANA® Cloud LOS ANGELES, June 16, 2021
About this update from Blackline, Inc.
[{"type":"text","content":"BlackLine offers cloud-based solutions for SAP® software that enable fast time-to-value for businesses moving to SAP S/4HANA® Cloud\n LOS ANGELES, June 16, 2021 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) announced today that its market-leading cloud solutions for financial close complement the RISE with SAP offering, building on the company's success providing accounting automation solutions to hundreds of businesses using SAP® (NYSE: SAP) technology, including SAP S/4HANA® Cloud. The BlackLine solutions, offered as SAP Solution Extensions, align with the value proposition of RISE with SAP to help customers accelerate their digital transformations to become intelligent enterprises.\n\n \n \n \n \n \n \n\n \nBlackLine's cloud-based solutions are offered by SAP as the SAP Account Substantiation and Automation application by BlackLine; the premier edition of SAP Account Substantiation and Automation by BlackLine; and the SAP Intercompany Financial Hub application by BlackLine, and they complement functionality in SAP S/4HANA Cloud. With payback periods averaging less than one year and ROI of 2.77x for every dollar invested (according to a recent Nucleus Research study), BlackLine can help businesses using SAP solutions to automate key financial processes, enhance internal controls and free up resources to support digital transformation – enabling quicker time-to-value and reduced risk for SAP S/4HANA Cloud implementations.\nBlackLine helps businesses streamline the financial close and other critical accounting processes by providing automated balance-sheet substantiation and intercompany governance functionality within a controlled, end-to-end solution. \n\"SAP offers solution extensions from BlackLine that complement RISE with SAP and help bring added value to customers,\" said Martin Naraschewski, senior vice president, global head of line of business finance for SAP. \"We look forward to our continued partnership with BlackLine to help enable customers on their journey towards digital transformation.\" \n\"Any digital transformation journey starts with process transformation,\" said Mel Zeledon, BlackLine's senior vice president of channels and alliances. \"With BlackLine solutions in their cloud portfolio as they move to SAP S/4HANA Cloud, businesses can achieve financial close process transformation – aligning with the value...