Blackline Inc’s Number of Customers (2016-2023)

This statistic highlights BlackLine Inc’s Number of Customers, reported on a quarterly basis from Q1 2016 onwards.

BlackLine Inc. and its subsidiaries offer financial accounting closing solutions as Software as a Service (“SaaS”). Account reconciliations, variance analysis of account balances, journal entries, and certain types of data matching procedures are some of the parts of the financial closure process that the company’s solutions may help with. Their goal is to change the way accounting and finance departments work. Their approach modernises what has traditionally been done through execution and manual controls, which are typically applied only during the month, quarter, or year-end financial close, and delivers dynamic workflows embedded within a real-time, highly automated framework, which they refer to as “continuous accounting.”

BlackLine Inc’s Number of Customers

BlackLine’s total number of customers increased from 3.43 thousand in Q4 2020 to 3.83 thousand in Q4 2021, marking a growth of 11.66% or 0.4 thousand, on a year-on-year basis. Further, on a quarterly basis, the number of customers showed an increase of around 18.58% or 0.60 thousand as the number of customers increased from 3.23k thousand in Q3 2021 to 3.83 thousand in Q4 2021.

In 2020, the company’s number of customers showed a constant rise from Q1 2020 to Q4 2020. This is evident from the fact that the number of customers increased from 3.06 thousand in Q1 2020 to 3.14 thousand  in Q2 2020, registering a growth of 2.61%. This was further continued with an increase in the number of customers as they rose to 3.23 thousand in Q3 2020, accounting for an increase of 2.87% or 0.09 thousand. The number of customers rose from 3.23 thousand in Q3 2020 to 3.43 thousand in Q4 2020, accounting for an increase of 6.19% or 0.2 thousand. This was followed by a further increase in the next quarter as BlackLine Inc’s total number of customers increased from 3.43 thousand in Q4 2020 to 3.48 thousand in Q1 2021, projecting an incline of 1.46% or 0.05 thousand.

In 2021, the company’s number of customers witnessed fluctuations in different quarters. Thus, the number of customers first increased from 3.48 thousand in Q1 2021 to 3.60 thousand in Q2 2021, accounting for an incline of about 3.45% or 0.12 thousand. However, the number of customers decreased to 3.23 thousand in Q3 2021, registering a fall in the number of customers of 10.28% or 0.37 thousand. The number of customers then recovered and increased to 3.83 thousand in Q4 2021 from 3.23 thousand in Q3 2021, projecting an increase of 18.58% or 0.6 thousand.

On an overall analysis of the past years, it can be concluded that the company witnessed a constant rise in the number of customers in all the quarters from 2016 to 2020 but showed fluctuations in the year 2021. However, on a closer look at the statistics, it can be seen that there is a huge incline in the number of customers from 1.41 thousand in Q1 2016 to 3.83 thousand in Q4 2021, marking a rise of 171.63% or 2.42 thousand in 5 years.

About BlackLine Inc

BlackLine has established itself as a top cloud software solution for automating and controlling financial closing and accounting operations. Traditional manual accounting systems are not sustainable, therefore businesses turn to BlackLine for help. The company’s goal is to assist them in transitioning to contemporary accounting by unifying their data and procedures, automating repetitive tasks, and increasing responsibility through transparency. The firm has developed comprehensive cloud-based solutions to rework and modernise accounting and finance procedures for businesses of all sizes. Financial close, account reconciliations, cash application, intercompany accounting, and compliance are all supported by their secure, scalable systems. They help their customers to improve the integrity of their financial reporting, boost the efficiency of their accounting and finance procedures, and provide real-time visibility into business results and operations by providing software to automate and enable these processes to operate continuously.

The Company operates through its wholly-owned subsidiary, BlackLine Systems Inc., which is a holding company. Until September 3, 2013, when the Company acquired BlackLine Systems and Silver Lake Sumeru and Iconiq acquired a majority interest in the Company, which is referred to as the “2013 Acquisition,” BlackLine Systems was funded by investments from its creator and cash flows from operations. The company has offices in Australia, Canada, France, Germany, Japan, the Netherlands, Poland, Romania, Singapore, and the United Kingdom, with its headquarters in Woodland Hills, California.

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