BlackLine Systems Honored Alongside Cisco, IBM, Microsoft as Two Customers Win Nucleus...

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Thu Aug 27, 2009 8:57am EDT

BlackLine Systems Honored Alongside Cisco, IBM, Microsoft as Two Customers Win
Nucleus Research Tech ROI Awards
AT&T, MeadWestvaco show enormous ROI after implementing BlackLine's account
reconciliation software





CALABASAS, Calif., Aug. 27 /PRNewswire/ -- Nucleus Research has selected two
BlackLine Systems customers - AT&T and MeadWestvaco - as 2009 recipients of
its Technology ROI Award for their implementations of BlackLine's account
reconciliation and financial close software suite.  The Nucleus Technology ROI
Awards recognize 10 companies whose skillful IT deployments have produced a
positive, bottom-line financial return on investment (ROI).

(Logo: http://www.newscom.com/cgi-bin/prnh/20061117/LAF027LOGO)

"The AT&T and MeadWestvaco implementations of BlackLine's software are model
examples of how IT investments closely aligned to business goals can deliver
significant ROI," said Rebecca Wettemann, vice president of research, Nucleus
Research.  

BlackLine's implementation at AT&T resulted in a 689 percent ROI and full
project payback in less than two months, as determined by Nucleus Research. 
AT&T also reports saving more than $1.6 million annually since using
BlackLine. A similar case study conducted by Nucleus showed that MeadWestvaco
achieved 495 percent ROI and also saw project payback in just two months.

"What's even more remarkable," Therese Tucker, CEO of BlackLine, said "is that
one of these companies achieved their ROI by switching from a competitor's
product.  We are delighted with this independent validation of the BlackLine
advantage."

Other award recipients utilized technology from Cisco, Microsoft and
Salesforce.com.  However, only BlackLine and software giant IBM's Cognos
placed two clients in the prestigious top ten.

For more information on Nucleus Research or the Awards, go to
www.ROIAwards.com.

About BlackLine
Founded in 2001, BlackLine Systems was the first to develop and offer a
commercially available Balance Sheet Account Reconciliation solution.  An
experienced provider of software to companies from the Fortune 100 to beyond
the Fortune 1,000, BlackLine provides quick-to-implement, scalable and
easy-to-use applications that automate the entire financial close process to
help improve financial controls for companies of all sizes.  BlackLine
software applications complement and are an integral component of existing
Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC)
and Enterprise Resource Planning (ERP) systems.

BlackLine offers clients its enterprise-class software in an easy to implement
OnDemand platform.  With a proven track record and a commitment to customer
success, BlackLine seeks to reduce the effort the financial close places on
accounting and finance professionals.  For more information, please visit
www.blackline.com. 




SOURCE  BlackLine Systems

Customers, Howard Goldstein, Director of Marketing, BlackLine Systems,
+1-818-223-9008, howard.goldstein@blackline.com, or Media, Kimberly Uberti,
Vice President, The Bohle Company, +1-310-785-0515, ext. 215, kim@bohle.com,
for BlackLine
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