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Date Posted: 6/18/2008

BlackLine Offers DataFusion Adapter for Hyperion

 
 

Calabasas, Calif. -- June 18, 2008 - 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 www.blackline.com.
 
 


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