PERFORM 2019 – Host
Analytics, the leading provider of connected financial planning and
close solutions, today announced a new solution integration with BlackLine,
Inc. (Nasdaq: BL), a leading financial close automation
software company, to accelerate and automate the end-to-end financial
close, consolidation, and reporting process for large and midsized
enterprises. This integration enables finance and accounting teams to
modernize and simplify the period-end close by eliminating slow, manual
efforts from the process.
More than 70 customers are already enjoying the benefits of both Host
Analytics and BlackLine solutions to automate critical close and
consolidation activities while keeping even the most complex finance and
accounting teams organized, aligned, and focused on key objectives and
deadlines. This best-of-breed close solution results in faster close
times, reduced compliance costs, and more control over and visibility
into close and consolidation activities. It also gives finance and
accounting more confidence in the data used in the close process and the
resulting quality of financial deliverables.
“Organizations are looking to the transformation of finance to squeeze
every inefficiency and inaccuracy out of financial processes,” said Ron
Baden, CEO, Host Analytics. “By integrating the Host Analytics and
BlackLine solutions, we’re giving finance a way to escape the burden of
manual, error-prone, and inefficient close processes. We’re excited to
offer this unbeatable combination so finance can focus on strategic
opportunities for growth.”
Host Analytics is a recognized market leader in financial planning and
close solutions and Enterprise Performance Management, which was
reinforced by recent accolades from Constellation
Research,
Nucleus
Research, and Gartner, which named Host Analytics a leader in the
2018 Gartner Magic Quadrant for both Cloud
Financial Planning and Analysis Solutions and Cloud
Financial Close Solutions for the second year in a row. BlackLine is
a recognized market leader in automating, centralizing, and streamlining
financial close operations, intercompany accounting processes, and other
key finance accounting processes for large and midsized enterprises. The
company is recognized by Gartner as a Leader in its 2018 Magic Quadrant
for Cloud Financial Close Solutions and as a pioneer in the cloud market
for enhanced financial control and automation.
“Historically, accounting departments have had to choose between
disconnected best-of-breed solutions or settle for less comprehensive
solution suites to manage their financial close,” said Michael Otto, VP
of Global Strategic Alliances, BlackLine. “By offering a pre-integrated
best-of-breed solution between BlackLine and Host Analytics, we are
giving accounting teams the ability to further reduce their reliance on
error-prone spreadsheets and leverage automated and unified processes to
streamline their financial close.”
The integration between BlackLine and Host Analytics, which is now
available, provides seamless connectivity between the solutions to
enhance and automate the end-to-end financial close, consolidation, and
reporting process. Customers are able to easily compare their reconciled
GL trial balance against their consolidated trial balance, enabling
finance and accounting to validate the integrity of consolidated account
balances and execute a faster, error-free financial close. This gives
finance higher quality data, more confidence in the numbers, and greater
trust in consolidated financial results. Host Analytics and BlackLine
share a robust implementation partner ecosystem including Riveron,
RSM
, UHY
Advisors, Vaco
and WG
Consulting.
To learn more about Host Analytics, read the Host
Analytics Blog or join the conversation on LinkedIn,
Twitter,
or Facebook.
For more information about BlackLine, please visit www.blackline.com.
About Host Analytics
Host
Analytics is the leading provider of cloud-based connected financial
planning and close solutions. Built with financial expertise and a
dedication to customer success, Host Analytics meets the needs of
finance and accounting teams and helps them to evolve as business
conditions change. More than 800 customers including Bose, Boston Red
Sox, Evernote, Overstock.com, Peet’s Coffee & Tea, Pinterest, and Zillow
rely on Host Analytics for planning, budgeting, modeling, consolidations
and reporting. Host Analytics is a private company backed by Vector
Capital, a leading global private equity firm specializing in
transformational investments in established technology businesses.
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