By Mark Madler

Tuesday, July 20, 2021

BlackLine Inc. has partnered with a San Diego cloud-centered finance and IT company to streamline the digitalization and banking functions at shopper providers.

The partnership involving BlackLine, the Woodland Hills accounting computer software developer, and Kyriba delivers improved abilities for mutual shoppers via integrated products and solutions that will accelerate financial institution connectivity, maximize cash visibility and allow increased automation for the money close and accounts receivable functions, the companies stated in a release.

Mel Zeledon, senior vice president of channels and alliances at BlackLine, claimed that BlackLine presents Kyriba consumers with merchandise that give treasury groups genuine-time, trusted and info-backed analytics to automate lender reconciliation and other crucial economic close and accounts receivable processes.

“At the identical time, BlackLine consumers can now leverage Kyriba’s comprehensive community of worldwide banking interactions to streamline lender connectivity,” Zeledon claimed in a statement. “The digitalization of the finance and accounting tech-suite is accelerating and our partnership with Kyriba is an remarkable example of how ideal-of-breed remedies can deliver quick strategic added benefits.”

Shares of BlackLine (BL) closed Tuesday up $1.65 or about 1.5 per cent, to $113.15 on the Nasdaq, on a working day when that sector closed up 1.6 percent.