BlackLine Inc. has formed an alliance with accounting powerhouse KPMG to sell their technology products to help improve accounting efficiencies.
The Woodland Hills accounting software developer will combine its cloud-based automation and analytics products with KPMG’s finance process and automation products.
Chief Executive Therese Tucker said that KPMG has a been a terrific partner in the past as a vocal promoter of BlackLine’s potential.
“We’ve completed many successful projects with KPMG over the years where their in-depth knowledge and hands-on advisory services have helped us meet the requirements of global customers,” Tucker said in a prepared statement.
BlackLine develops software that reduces the need for human accountants by automating the processes of closing out financial books and reconciling accounts. KPMG LLP is the independent U.S. member firm of KPMG International Cooperative.
Shares of BlackLIne (BL) closed Wednesday up 8 cents, of less than a percent, to $37.55 on the Nasdaq.