August 21, 2014 6:21 PM ET

Internet Software and Services

Company Overview of BlackLine Systems, Inc.

Company Overview

BlackLine Systems, Inc. develops Software-as-a-Service based financial close software for accounting and finance departments worldwide. It offers Account Reconciliation module that provides users with support in reconciling their balance sheet accounts; Task Management module to automate the process of checking off different steps; Transaction Matching module, an art matching engine with configurable rules-driven matching for transactional level reconciliations; and Variance Analysis module to automatically conduct variance and fluctuation analyses with a rules-driven process that monitors various balance fluctuations. The company offers Journal Entry module, which helps companies to control...

21300 Victory Boulevard

12th Floor

Woodland Hills, CA 91367

United States

Founded in 2001





Key Executives for BlackLine Systems, Inc.

Founder and Chief Executive Officer
Chief Financial Officer
Age: 54
Executive Vice President of Operations
Executive Vice President
Age: 66
Chief Revenue Officer
Compensation as of Fiscal Year 2014.

BlackLine Systems, Inc. Key Developments

BlackLine Systems Appoints Alain Avakian as Chief Technology Officer

BlackLine Systems continued its investment in new executive talent with the hiring of Alain Avakian as Chief Technology Officer (CTO). As CTO at the company, Mr. Avakian will be responsible for the technology direction of BlackLine's Software-as-a-Service (SaaS)-based account reconciliation and financial close suite as the company seeks to capitalize on the growing worldwide demand for solutions that drive greater efficiency, financial governance and risk management across the spectrum of financial operations. Mr. Avakian joins BlackLine with 25 years of software engineering experience.

BlackLine Systems, Inc. Unveils COSO Jumpstart Solution to Help Companies Adopt Updated Internal Controls Framework by Year-End Deadline

BlackLine Systems has unveiled a 'COSO Jumpstart Solution' to help companies comply with new guidelines in the updated 2013COSOInternal Control--Integrated Framework. The BlackLine COSO Jumpstart Solution, complete with a customized COSO template, will feature import files, specialized templates, pre-populated check lists including Auditor tasks and best practices guidelines designed to help companies implement the updated Framework before the old guidelines expire. To help clients and prospects get ahead of the game and assist them with their requirements in bringing policies and procedures into alignment with the new Framework, BlackLine is offering a special promotion to the first 100 companies that sign up to use the COSO Jumpstart Solution. The special promotion will include complimentary implementation along with six months of complimentary use of the Task Management module in BlackLine's Financial Close Suite.

BlackLine Systems, Inc. Appoints David Downing as First Chief Marketing Officer

BlackLine Systems expanded its executive management team, hiring David Downing, former chief marketing officer (CMO) of cloud ERP (Enterprise Resource Planning) leader NetSuite, as BlackLine's first-ever CMO. Downing is an enterprise software veteran with deep cloud and ERP experience. In this new role, he will be responsible for driving BlackLine's global marketing strategy as the company seeks to capitalize on the growing worldwide demand for solutions that drive greater efficiency, financial governance and risk management across the spectrum of financial operations. Downing joins BlackLine with more than 30 years of experience at other leading enterprise software, cloud and ERP industry giants. He previously spent five years at NetSuite, most recently as senior vice president and CMO where he helped the company re-brand and re-tool to drive a major, multi-year initiative to scale up market, expanding from serving the ERP needs of small and medium-sized businesses to large global enterprises. Downing spent the previous 25 years in various senior marketing roles with other leading companies including SAP, Informatica, Oracle, Adobe, Seagate and Hill and Knowlton.

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