SAP adds BlackLine to global solutions offerings
BlackLine, which makes solutions for the month-end close and continuous accounting, has signed a reseller agreement with SAP, the Germany-based enterprise software giant. This is a major move for BlackLine, giving it entry to the international market on a large scale.
Under the terms of the new agreement, SAP will have the ability to resell BlackLine’s cloud-based finance and accounting solutions to businesses around the world.
“SAP has been a long-time partner; from very early on, they understood that organizations worldwide could close faster with more control, visibility and confidence by adding BlackLine to their SAP Financials offerings,” stated Mario Spanicciati, BlackLine’s chief strategy officer. “It’s a very powerful statement by SAP that they have now decided to sell and support our solution directly. We believe this new agreement represents an opportunity to expand our global footprint even further.”
BlackLine solutions have been added to SAP's price list to allow SAP account executives to sell them worldwide with the same processes, contracts, incentives and conditions as the rest of the SAP portfolio. SAP will also provide customer support.
“We are excited to offer BlackLine’s cloud-based products to help businesses streamline the financial close process by replacing manual, error-prone accounting processes with a controlled, secure, end-to-end solution,” added Martin Naraschewski, senior vice president, general manager and head of line of business finance for SAP. “This reseller agreement with BlackLine will make it easier than ever for SAP’s global customers to adopt and benefit from leading financial close technology.”
BlackLine reports that hundreds of companies already run BlackLine alongside SAP; however, BlackLine has the capability to integrate with any enterprise resource management software, allowing its rules automation engines and analytics to be applied to a wide variety of finance and accounting operational processes.
For more information on the integration between BlackLine and SAP, visit https://www.blackline.com/erp-integration/sap-integration.