Capgemini today announced it has entered into a global
strategic alliance with BlackLine, Inc. (Nasdaq: BL), a leading,
trusted provider of unified, cloud-based software designed to
automate and control the financial close process. This
collaboration is focused on enabling finance and accounting
(F&A) teams to reduce business-process costs while optimizing
process effectiveness and efficiencies. By centralizing critical
F&A operations in BlackLine’s cloud platform, businesses will
also gain the ability to continually capture, validate, and provide
timely and accurate financial data necessary for reporting.
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As a result of this collaboration, Capgemini will offer further
flexibility to its clients, helping them to move away from
traditional manual accounting processes to a modern accounting
experience powered by end-to-end solutions that combine process
transformation enriched with the implementation of BlackLine
solutions.
Capgemini and BlackLine are already collaborating at a US-based
Capgemini client in the chemical industry, where Capgemini is
helping the organization to enhance its usage of BlackLine’s
account reconciliation, task management, journal entry and Smart
Close solutions.
“We are delighted to join hands with BlackLine to work together
and achieve innovative and effective finance transformations for
our clients worldwide,” said David Lumley, Head of the Finance
Powered by Intelligent Automation Practice for Capgemini’s Business
Services Global Business Line. “This collaboration will play a
critical role in the expansion of our finance and accounting
capabilities. It is a positive step that enhances Capgemini’s
best-in-class Digital Global Enterprise Model, and our Record to
Analyze capabilities. It reinforces our customer-centric approach
by driving improved outcomes for today’s rapidly changing business
environment.”
BlackLine’s cloud-based solutions transform F&A by
automating, centralizing, and streamlining financial close
operations, intercompany accounting processes, and other key
processes helping large and midsize organizations across the globe
modernize their F&A operations.
“We continue to grow our global community with alliance partners
that are world leaders in digital finance transformation,” said
Marc Huffman, BlackLine President and Chief Operating Officer. “As
a world leader in digital transformation and technology services
with presence in approximately 50 countries and an extremely strong
presence in Europe, Capgemini is at the forefront of innovation and
well-positioned to address the entire breadth of client
opportunities. Together we will enable organizations to move away
from traditional manual accounting processes to a modern accounting
experience that is unified and automated, providing continuous
execution that supports the business in real time.”
With nearly 50 years’ experience in finance and accounting
services, Capgemini has strong expertise in every finance function
vital to a business, from infrastructure and applications to
business process outsourcing. In the wake of evolving business
requirements, Capgemini’s Digital Global Enterprise Model© (D-GEM)
enables its clients to be competitive in a rapidly changing,
digital business environment.
Designed to complement existing financial systems, BlackLine
fills the gaps left by Enterprise Resource Planning (ERP) and
Corporate Performance Management (CPM) systems to help companies
increase operational efficiency, real-time visibility, and control
and compliance. This ensures end-to-end financial close management
and accounting automation, and drives better decision-making across
the business.
About Capgemini Capgemini is a global leader in
consulting, digital transformation, technology and engineering
services. The Group is at the forefront of innovation to address
the entire breadth of clients’ opportunities in the evolving world
of cloud, digital and platforms. Building on its strong 50-year+
heritage and deep industry-specific expertise, Capgemini enables
organizations to realize their business ambitions through an array
of services from strategy to operations. Capgemini is driven by the
conviction that the business value of technology comes from and
through people. Today, it is a multicultural company of 270,000
team members in almost 50 countries. With Altran, the Group
reported 2019 combined revenues of €17billion. Visit us at
www.capgemini.com. People matter, results count.
About BlackLine Companies come to BlackLine, Inc.
(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 for financial close management,
accounting automation, and intercompany governance, helping large
enterprises and midsize companies across all industries do
accounting work better, faster, and with more control.
More than 3,000 customers trust BlackLine to help them close
faster with complete and accurate results. The company is the
pioneer and recognized Leader in Gartner’s 2019 Magic Quadrant for
Cloud Financial Close Solutions. 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.
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Capgemini Press contact: Priyanka Roy Tel.: +91
9004541119 E-mail: priyanka.a.roy@capgemini.com
BlackLine Press Contact: Kimberly Uberti Tel.:
310.721.6850 E-mail: kimberly.uberti@blackline.com
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