BlackLine controller and former PwC audit manager recognized for efforts in scaling company's global accounting, tax, internal controls and compliance functions
LOS ANGELES, March 7, 2019 /CNW/ - Financial controls and automation software leader BlackLine, Inc. (Nasdaq: BL) announced today that Patrick Villanova has been promoted to chief accounting officer. In his new role, Mr. Villanova will continue to oversee global accounting operations and report to BlackLine CFO Mark Partin.
"Patrick is a great accountant and strategic business partner to BlackLine. He has built a team that helps support our growth and demanding public company requirements. Just as importantly, he is a trusted resource and advisor for our customers who are undergoing digital transformation of their Finance & Accounting operations," said Mr. Partin.
Villanova joined BlackLine in 2015 as corporate controller and serves as the company's principal accounting officer. In 2016, he led BlackLine's global accounting function through a successful initial public offering. Villanova is responsible for driving transformation internally using BlackLine's products, and he regularly partners with the company's sales and marketing teams to help customers and prospects learn how to leverage BlackLine's cloud-based platform to drive transformation within their companies.
"I attribute a great deal of our success at BlackLine to implementing new cloud tools to streamline and automate critical accounting processes and strengthen internal controls, providing near real-time transparency into enterprise-wide financial data and transactions—while liberating our accountants to perform more strategic analyses and offer informed, insightful advice to the business," said Villanova. "We are witnessing digital financial transformation increasingly becoming a key agenda item for Finance & Accounting organizations like ours. Companies that realize that new technologies have the potential to transform the accountant's role and relationship with the rest of the business are those that will be most successful."
Villanova began his career in public accounting spending more than 16 years at audit and accounting advisory leader PwC. Villanova holds a Bachelor's degree from the University of Notre Dame with a double major in Accounting and Computer Applications.
BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralizing and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize organizations. The company is recognized by Gartner as a Leader in its 2018 Magic Quadrant for Cloud Financial Close Solutions and as a pioneer in the cloud market for enhanced financial control and automation.
Designed to complement virtually all ERP and other financial systems including SAP, Oracle and NetSuite, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from within a single, unified cloud platform. Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day activities, BlackLine helps companies modernize accounting operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close.
More than 2,600 companies with users around the world trust BlackLine to help ensure balance sheet integrity and confidence in their financial statements. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com.
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expect," "plan," anticipate," "believe," "estimate," "predict," "intend," "potential," "would," "continue," "ongoing" or the negative of these terms or other comparable terminology. Forward-looking statements in this release include statements regarding our growth plans and opportunities.
Any forward-looking statements contained in this press release are based upon BlackLine's current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties. If any of these risks or uncertainties materialize or if any assumptions prove incorrect, actual performance or results may differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the Company's ability to execute on its strategies, attract new customers, enter new geographies and regions and develop, release and sell new features and solutions; and other risks and uncertainties described in the other filings we make with the Securities and Exchange Commission from time to time, including the risks described under the heading "Risk Factors" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission. Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended December 31, 2018.
Forward-looking statements should not be read as a guarantee of future performance or results, and you should not place undue reliance on such statements. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
For further information: Media Contact: Ashley Dyer, PR Director, BlackLine, 818-936-7166, [email protected]