The partnership between BlackLine, the Woodland Hills accounting software developer, and Kyriba offers enhanced capabilities for mutual customers through integrated products that will accelerate bank connectivity, increase cash visibility and enable greater automation for the financial close and accounts receivable functions, the companies said in a release.
Mel Zeledon, senior vice president of channels and alliances at BlackLine, said that BlackLine provides Kyriba customers with products that give treasury teams real-time, reliable and data-backed analytics to automate bank reconciliation and other key financial close and accounts receivable processes.
“At the same time, BlackLine customers can now leverage Kyriba’s extensive network of global banking relationships to streamline bank connectivity,” Zeledon said in a statement. “The digitalization of the finance and accounting tech-suite is accelerating and our partnership with Kyriba is an exciting example of how best-of-breed solutions can deliver immediate strategic benefits.”
Shares of BlackLine (BL) closed Tuesday up $1.65 or about 1.5 percent, to $113.15 on the Nasdaq, on a day when that market closed up 1.6 percent.