|By PR Newswire||
|June 18, 2008 11:30 AM EDT||
CALABASAS, Calif., June 18 /PRNewswire/ -- An adapter that will permit accounting departments to leverage the investment they have made in Oracle's Hyperion Financial Data Quality Management to move data to the BlackLine Systems Balance Sheet Account Reconciliation module is now available. The adapter was developed by DataFusion Consulting Group, a leading provider of data integration solutions for Oracle's Hyperion products, and will be sold and marketed by BlackLine's sales force.
Many major corporate customers use Oracle's market leading Hyperion Financial Data Quality Management, along with applications such as Hyperion Financial Management and Hyperion Enterprise, for financial consolidations. With the new adapter, these customers will be able to push data to BlackLine's Account Reconciliation module through DataFusion's BlackLine Adapter seamlessly, increasing control over the data, reducing errors and speeding up the reporting process. The new module will also align the reconciliation process with the financial close process and facilitate meeting Sarbanes-Oxley requirements.
Oracle's Hyperion Financial Data Quality Management is an application that delivers information to Oracle's Enterprise Performance Management system in a controlled fashion, applying validations and delivering an audit trail.
"Users of Hyperion Financial Quality Data Management can now simply plug in the DataFusion BlackLine Adapter and use our Account Reconciliation module," said Therese Tucker, Chief Executive Officer of BlackLine. "The benefit to the CFO's organization is that it allows them to leverage the investment they made in Oracle's Hyperion Financial Data Quality Management and use one data set for both financial reporting and balance sheet account reconciliations, ensuring the integrity of the financial statements reported to stakeholders."
About BlackLine Systems
Founded in 2001, BlackLine Systems was the pioneer of Balance Sheet Account Reconciliation software applications. An experienced provider of enterprise software to Fortune 1,000 companies, BlackLine provides quick-to-implement, scalable and easy-to-use applications that, for the first time, automate the entire financial close process and 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 customers a choice between enterprise or OnDemand delivery. With a proven track record and a commitment to customer success, BlackLine seeks to reduce the effort the financial close places on the CFO. For more information, please visit http://www.blackline.com/.
Customer Contact: BlackLine Systems Mario Spanicciati, Vice President, Operations 818-223-9008 [email protected]BlackLine Systems
CONTACT: Customers, Mario Spanicciati, Vice President, Operations of
BlackLine Systems, +1-818-223-9008, [email protected]; or Media,
Kimberly Uberti of The Bohle Company, +1-310-785-0515, ext. 215,
[email protected], for BlackLine Systems
Web site: http://www.blackline.com/
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