LLP Group partners with BlackLine, the world’s most trusted solution for finance controls and automation

March 2015 - Leading regional business consulting and software services provider LLP Group is delighted to announce a channel partnership initiative with the foremost cloud-based finance controls and automation software company, BlackLine. As a result of the partnership, LLP Group clients will gain direct access to the world’s most trusted solution for finance controls and automation, whilst BlackLine will expand its global footprint into CEE markets.

“Our customers want value and functionality in their accounting and reporting systems,”  says LLP Group managing partner Barbara Dreska. BlackLine successfully bridges the gap between ERP systems and financial reporting, and is rapidly becoming the de-facto standard for accounting and finance departments for companies of all sizes, replacing manual, error prone, Excel-based financial closing processes with automation, control and visibility.”

Recently listed by Gartner as a ‘Best-of-Breed’ provider in its newly designated Enhanced Finance Controls and Automation (EFCA) Software category, BlackLine helps global enterprises modernize their accounting and reporting functions, automating the financial close, account reconciliation, transaction matching and many other time consuming and costly practices into one centralized cloud system. BlackLine provides the highest levels of security in both access control security and cloud hosting security. This not only ensures that users see only the data they have access to, but more importantly that the system is protected from unauthorized access. The system supports multi-factor authentication using single sign on (SSO). Once a user is authenticated, all the data they see is segregated by role and user access rights.

“From the very beginning BlackLine was designed to be a global product and we’re delighted to partner with LLP and continue our expansion into new, exciting markets,”  says Kim Di Paolo, VP, Global Partner Channel, at BlackLine. “As we expand our global reach, we see tremendous opportunity for leveraging strategic partnerships, particularly in EMEA . We were looking for a natural partner in Central and Eastern Europe, and LLP was first on our list.”

BlackLine offers a new approach to financial automation designed to help accountants and finance professionals work more efficiently. Its ERP-agnostic Finance Controls & Automation Platform helps accountants work smarter, providing finance leaders with accurate insight, and contributing to the overall performance of the organization.

With over 100,000 users, spread over 1000 major corporate clients in more than 100 countries, BlackLine gives companies a never before enjoyed level of control over accounting operations and the critical financial close. Implementation is simple and low impact, and with an average annual ROI in excess of 300%, clients confirm that the software pays for itself in a matter of months. Customers include more than 25 of the Fortune 100 and over 100 of the Fortune 500.

BlackLine solutions are already present in CEE markets via the local subsidiaries of major global corporations.

The Mid Market space comprises a substantial part of BlackLine’s business; it’s our fastest-growing segment in North America and we envision similar growth is ahead of us in EMEA. We feel strongly about local support and localization support; local regulatory, language, and market knowledge are priceless. For a company with a global perspective, it is imperative to have local providers with a full understanding of the market, and this is what we’re gaining in the region with LLP, ”  adds Di Paolo.

BlackLine’s revenues have been up more than 50 percent annually for the past eight years . BlackLine has made the Software 500 list of the world’s “largest and best performing” software companies for the past four years, the Deloitte Technology Fast 500™ for the past five years and the prestigious Inc. 500/5000 for the past seven years in a row.

“As well as sales and advisory, we will provide application and functional configuration support to BlackLine users in the region,”  says LLP’s Dreska, adding, “The obvious technical and practical advantages aside, we were also drawn to partner with BlackLine because of its astounding commitment to customers, evidenced by an extremely high level of return and repeat business.”

“We have very happy customers,”  says Di Paolo. “Once they get on our platform, they do not go back to spreadsheets but become sticky clients. We have a 98% customer retention rate and 85% customer growth.”

More information about BlackLine: www.llpmodernfinance.hu

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