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StoneRiver Joins BlackLine Partner Program to Deliver Financial Controls

Staff Writer | October 21, 2016

StoneRiver announces it is joining BlackLine’s global Channel Partner Program to meet increasing demand from its customers for finance controls and automation software solutions.

The alliance is designed to help insurance companies transform their existing finance and accounting departments into modern finance organizations, with StoneRiver adding BlackLine’s cloud-based Finance Controls & Automation Platform to the Financial & Compliance product portfolio that StoneRiver offers current and prospective customers.

With intensifying competitive pressures, a changing regulatory landscape, the growing complexity of financial processes, and heightened demand for clear visibility into balance sheet data, finance and accounting must reconcile an increasing amount of data. While enterprise resource planning and business intelligence systems collect, track and analyze business data, they do not automate account reconciliations and other critical F&A processes. 

StoneRiver Vice President Julie Kramer said,

“BlackLine’s modern finance platform arms StoneRiver with a solution to offer clients that replaces manual spreadsheet-based processes and helps improve data accuracy, visibility and control,” says Julie Kramer, vice president of StoneRiver.

BlackLine is being used globally by staff in accounting, finance and compliance departments in some of the world’s largest organizations. Joint customers already enjoying the benefits of the StoneRiver/BlackLine alliance include Mutual Insurance Company of Arizona and Louisiana Workers’ Compensation Corporation.

“We immediately shortened our monthly close by three days after implementing BlackLine,” says Becky Pickering, financial reporting and systems analyst at Mutual Insurance Company of Arizona.

“BlackLine Channel Partners, such as StoneRiver, are experts in their fields who offer strategic guidance, deep technical skills and relevant expertise that extends our reach significantly and enables a much more rapid deployment of the BlackLine solution globally,” says Chris Murphy, BlackLine’s chief revenue officer.  “By adding BlackLine to their product portfolios, StoneRiver can provide their customers with a solution that we believe will deliver visible ROI, while also providing the partners themselves with margins and incentives to help grow their business.  We look forward to a very collaborative go-to-market approach with StoneRiver.”

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