BlackLine, a provider of enhanced financial control and automation (EFCA) solutions, was recently named a leader in the 2016 Gartner Magic Quadrant for Financial Corporate Performance Management (FCPM). The BlackLine solution suite automates manual finance and accounting processes in and around the financial close, helping organisations to increase productivity, reduce risk and gain unprecedented control and visibility.
In this most recent report, Gartner is advising finance organisations to use hybrid approaches to corporate performance management, and evaluate financial close automation in terms of best of breed, features and cloud delivery. The report recognises BlackLine as one of only four “Leaders” in its new FCPM Magic Quadrant, which focusses exclusively on financial close solution providers.
Gartner explains, “BlackLine has always been a trailblazer in the EFCA space. It was among the first companies to develop and market an account reconciliation (2005) and financial close solution (2006) to manage close activities through an integrated package and through all post-GL closing activities. BlackLine received above-average scores for execution; its highest score was for customer experience.”.
Download a complimentary copy of the full Gartner report to learn:
- Why Gartner places BlackLine in the Leader's Quadrant
- Gartner’s perspective on the FCPM market
- How FCPM solutions help businesses build a strategic finance organisation
- Key considerations for evaluating FCPM providers
Gartner is the world’s most respected industry analyst firm, and is connected to tens of thousands of finance and IT leaders and mid-size and enterprise organisations, globally.
For further information on improving your financial close processes with BlackLine, contact us on +44 (0)203 866 8800.