Ernst & Young has partnered with accounting close software maker BlackLine to expand the firm’s automation capabilities, and services offered to clients to improve finance and accounting operations.
BlackLine is working with EY to help companies govern and automate their finance and risk processes. This alliance is an extension of an existing collaboration between EY and BlackLine to help companies across industries automate their formerly manual and spreadsheet-driven processes, and implement BlackLine.
EY will be offering BlackLine’s Continuous Accounting solutions and services, which incorporate emerging robotic process automation tools, traditional enterprise resource planning systems and the capabilities of BlackLine’s cloud platform to help clients.
Under the terms of the agreement, EY will provide data integration, finance and ERP technology expertise, and experience in audit, tax and financial advisory services. The firm will also provide insights into product enhancements, alignment with EY digital transformation initiatives and systems, along with integration, implementation and deployment support for BlackLine’s cloud-based portfolio.
“Chief financial officers are at the center of driving performance improvement across the modern enterprise,” said EY Global Alliances leader Greg Sarafin in a statement. “The EY and BlackLine alliance can help CFOs and their organizations to lead by example through the improvement and automation of critical finance operations like accounting, financial close, inter-company processing, reconciliations and tax management. By improving and automating finance operations, we help CFOs reduce cost and risk and free up resources to spend more time on financial planning and analysis, providing higher levels of insight to business decision-makers.”
“The BlackLine Strategic Alliances are an integral part of our go-to-market strategy,” added Therese Tucker, CEO of BlackLine. “We continue to seek out and build relationships with leading organizations such as EY, whose software and services experience, deep technical skills and global reach complement our own. EY was one of the first consulting organizations we worked with, and we’ve collaborated on many joint projects over the years where EY’s in-depth experience and hands-on advisory services have helped us meet the strict requirements of global customers. In addition, EY is a leader in financial fraud advisory services, an area that we believe will become an increasingly critical resource for customers going forward.”
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