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UHY Advisors First to Achieve BlackLine Platinum Partner Status

FOR IMMEDIATE RELEASE

Contact: Mitch Leff, Leff & Associates, (404) 861-4769, mitch@leffassociates.com

UHY Advisors First to Achieve BlackLine Platinum Partner Status

ATLANTA, March 6, 2015 UHY Advisors (www.uhy-us.com), a tax and business consulting firm, has been named as the first Platinum Partner for BlackLine, the leader in Enhanced Finance Controls and Automation software (www.blackline.com). Over the last three years, UHY has implemented or optimized more BlackLine projects than any other partner, and continues to lead the country in successful customer engagements.

UHY’s partnership with BlackLine has grown since 2006, and UHY’s implementation methodology continues to help mid-size companies and large enterprises successfully optimize BlackLine solutions  as they strive to transform their existing Finance and Accounting departments into leading-edge Modern Finance organizations.

“For many years, UHY Advisors has brought extensive knowledge of BlackLine and a strong track record of successful implementations to the table,” said Chris Murphy, Chief Revenue Officer, BlackLine. “In 2015, we expect we’ll continue to see UHY implement BlackLine for clients in innovative ways as they expand their investment in the BlackLine modern finance platform.”

In 2014, Gartner redefined this “asset class” as the Enhanced Finance Controls and Automation (EFCA) space.  According to the IT research and advisory firm, “these solutions cover many of the functions required to automate the ‘last mile of finance,’ that is, the processes required to finalize period-end accounts. However, this asset class has expanded its functionality to provide a range of functionality that enables finance to better manage and control all finance processes from "mile zero" right up to the "last mile.” Gartner noted that this class has expanded its functionality to include financial process and close management, operational and financial reconciliations, finance controls management, journal entry control, intercompany transfers/eliminations, collaborative tax preparation and finance process analytics.[1]

“We are excited that the EFCA space has been recognized for its ability to help companies manage the close-to-disclose process,” said Brad Baer, principal with UHY Advisors. “BlackLine is now recognized as the premier solution platform and UHY, as a leader in this space, is honored to be a Platinum Partner.”

UHY was a major presenter at BlackLine’s 2014 User Conference, conducting three sessions that offered insight into how companies can use BlackLine to start a revolution toward ‘Modern Finance’ within their organizations, how to use the cloud-based platform to manage a COSO framework, and how to do more with the Transaction Matching functionality in the platform.

“BlackLine provides powerful solutions,” said UHY Managing Director Frank Fenello. “When UHY applies our project management, implementation and optimization methodologies, we are able to significantly improve the close-to-disclose process and transform companies.”

Since beginning work with BlackLine, UHY has developed a proprietary methodology to assess, implement and optimize all of the products and solutions within the BlackLine platform to ensure clients leverage its full functionality. UHY’s methodology integrates technology, process improvement tools, behavioral sciences, COSO and UHY’s proprietary Optimal Performance Management System (OPMS™). 

About BlackLine

BlackLine is the leader in Enhanced Finance Controls and Automation (EFCA) software and the only provider today offering a unified cloud platform—built from a single code base—that supports the entire close-to-disclose process, as well as a host of other key accounting and financial processes. BlackLine’s Finance Controls and Automation Platform is designed to help mid-size companies and large enterprises strengthen their controls, lower compliance risks and gain greater efficiencies and visibility.

Delivered through a scalable and highly secure cloud model, BlackLine’s solution automates and optimizes a wide range of processes across the entire ‘Modern Finance’ organization. BlackLine empowers more than 1,000 global companies, including at least 25 of the Fortune 100 and 100 of the Fortune 500, to reduce the time and resources required to execute month-end closing with unparalleled accuracy, fueling confidence throughout the entire accounting cycle. With more than 100,000 users in over 100 countries, BlackLine complements existing Corporate Performance Management (CPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems. 

Although BlackLine is ERP-agnostic, the BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution – joining the ranks of fewer than 40 other software offerings globally that are endorsed by the enterprise application software leader. BlackLine also is an SAP Gold Partner, Oracle Gold Partner and participates in the partner programs of NetSuite and several other ERP providers. 

BlackLine global headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney. For more information, please visit www.blackline.com.  

About UHY Advisors

UHY Advisors, Inc. delivers professional tax and business consulting services to companies ranging from mid-sized to Fortune 500 in size and complexity. The firm’s innovative Management & Technology Consulting practice provides a one-stop solution for a company’s financial and operational functions, with a full suite of services to transform a company’s performance and profitability. UHY’s Tax Practice provides clients with comprehensive tax preparation and planning services. Accounting Today ranks the firm as one of the Top 35 professional services firms in the nation and in 2014 the firm was named one of the “Best Places to Work in Atlanta” by Atlanta Business Chronicle.

The firm provides these services through wholly owned subsidiary entities that operate under the name of “UHY Advisors” from offices across the United States. UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms.

UHY LLP is a full service national accounting firm with international resources and a broad range of services that include SEC audits, internal audit and Sarbanes-Oxley reporting as well as turnaround and transaction services. These additional services have been part of the growth of UHY and its commitment to meet the demands of its many clients. UHY LLP is a licensed independent CPA firm that performs attest services.

UHY Advisors, Inc. and UHY LLP are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. For additional information please visit us on the Web at www.uhy-us.com.

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[1] Gartner, IT Market Clock for Financial Management Applications, 2014, Nigel Rayner, 26 August 2014.