BL

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How BL rewrote its risk factors

10-K ITEM 1A · FY2024 → FY2025

Text kept

62%

of sentences unchanged

Added

211

new sentences

Dropped

178

sentences removed

Length

+1,372

words, now 27,372

New in FY2025

The CFO role has evolved from traditional accounting processes to driving growth, profitability, and governance across the enterprise to improve business outcomes while finance and accounting teams are facing unprecedented system and process complexity, growing data volumes, and evolving regulatory requirements, coupled with expanding roles and responsibilities.
Many organizations rely on enterprise resource planning (“ERP”) systems to manage general ledger activities.
However, these systems often fail to address end-to-end processes that occur across other systems and in spreadsheets, hampering an organization’s ability to deliver accurate data, insights, controls, and transparency.
This approach drives immediate impact and sustained value, maximizes cash flow, and accelerates the record-to-report and invoice-to-cash processes.
Our platform integrates with the leading ERP systems offered by Workday, Inc., SAP SE (“SAP”), Oracle Corporation, Microsoft Dynamics 365 (“Microsoft Dynamics”), an application offered by Microsoft Corporation (“Microsoft”), Sage Intacct, Inc., and NetSuite, Inc.
It also connects to diverse financial data sources, including banks, point-of-sale, treasury, payroll, procurement, and other systems, bringing data into unified workflows.
This deep connectivity provides finance and accounting teams with accurate, actionable insights, reducing errors and improving compliance.
This, in turn, frees finance and accounting teams to focus on complex, high-value challenges where human judgement is essential.
For nearly 25 years, BlackLine has pioneered customer-centric innovation in financial software, optimizing mission-critical processes for the Office of the CFO.
BlackLine’s Studio360 Platform, Verity AI capabilities, and our comprehensive record-to-report and invoice-to-cash solutions uniquely address the increasing complexity of data, systems, and processes.
Our growth has been driven by a combination of organic innovation and a series of strategic acquisitions and initiatives, including the following: Our cloud-based solutions, delivered by our BlackLine Studio360 Platform, include Account Reconciliations, Transaction Matching, Task Management, Reporting & Analysis, Journal Entry, Journals Risk Analyser, Account Analysis, Consolidation, Compliance, Smart Close for SAP, Cash Application, Credit & Risk Management, Collections Management, Disputes & Deductions Management, Team & Task Management, AR Intelligence, Electronic Invoicing & Payments, Intercompany Create, Intercompany Balance & Resolve, and Intercompany Net & Settle.
In September 2025, we launched Verity, a comprehensive suite of AI capabilities that provides finance and accounting teams with a digital workforce of embedded and auditable AI.
Verity is integrated throughout our solutions and supports a broad range of use cases across our customers’ financial operations, offering flexible capabilities that help deliver best practices across end-to-end record-to-report and invoice-to-cash processes.
On December 15, 2025, we acquired WiseLayer, (“WL” and such acquisition, the “WL Acquisition”), a New York-based company that has pioneered a digital workforce of AI-powered agents to automate complex, judgment-based finance and accounting processes.
The primary purpose of the WL Acquisition is to accelerate BlackLine’s own AI roadmap and in so doing, strengthen our competitive offering, which is focused on transforming and modernizing finance and accounting, against key competitors.
Our ability to internally develop or make strategic acquisitions of new, market-leading applications and functionalities, particularly those powered by AI, is integral to our success.
Our recent launch of Verity is a testament to our commitment to delivering advanced, AI-powered solutions.
We intend to focus on customer expansion, geography, and industry to maintain and grow our leadership position. • Customer Expansion: We believe we have a leading position in the market with both enterprise and mid-size companies.
We pursue a land-and-expand sales model and believe there is a significant opportunity to increase sales of our solutions within our existing customer base.
Additionally, we intend to focus on expanding and developing solutions tailored for the complex needs of public sector organizations.
Our pricing model is designed to enable us to capture additional revenue as our customers’ usage of our platform grows, thereby increasing the lifetime value of our customer relationships. • Geography: We believe that we have a significant opportunity to expand the use of our cloud-based solutions in most G20 nations.
We intend to invest in further expanding our global footprint through organic growth activities and strategic acquisitions. • Industry: We continue to leverage our customer scale to innovate with industry-specific solutions, especially for industries where we have large addressable market opportunities and strong brand permission with customers and partners.
We have established strong relationships with technology vendors, such as SAP, Microsoft Dynamics, Workday, Google, and Snowflake, Inc.
(“Snowflake”), professional services firms, such as Accenture plc (“Accenture”), Deloitte Touche Tohmatsu Limited (“Deloitte”), Ernst & Young Global Limited (“Ernst & Young”), KPMG International Limited (“KPMG”), BDO Global (“BDO”), and Grant Thornton International Ltd.
(“Grant Thornton”), and business process outsourcers, such as CapGemini SE (“CapGemini”), GenPact Ltd (“GenPact”), and RSM US LLP (“RSM”).
We intend to leverage our BlackLine Studio360 Platform further to extend our technology integration capabilities with large ERP players, and maintain connectivity to other ERPs and third-party data sources.
We have established the ability to purchase BlackLine solutions through Cloud Marketplaces on Google Cloud Platform (“GCP”), Microsoft Azure (“Azure”), and Amazon Web Services (“AWS”).
BlackLine Platform, Products, and Capabilities We provide a unified, scalable, and flexible platform tailored to the evolving needs of the Office of the CFO and deliver a purpose-built suite of applications that address critical processes, including record-to-report and invoice-to-cash.
Our software and services provide critical technology and industry-leading practices that deliver accurate, efficient, and intelligent financial operations.
BlackLine Studio360 Platform In today’s dynamic business environment, the Office of the CFO faces unprecedented challenges: managing complex systems, siloed data, and demands for real-time, accurate insights to enable strategic decision-making and drive business outcomes.
Traditional, fragmented solutions cannot accommodate the increasing complexity of data, systems, and processes.
The need for a flexible, scalable, and unified platform that provides a single source of trusted financial and accounting information has never been greater.
BlackLine’s Studio360 Platform addresses these challenges by providing an infrastructure and capabilities to further unify our products and services, which include: • Studio360 Integrate: Powerful and flexible capabilities for unifying, cleansing, and transforming data through pre-built connectors and APIs, ensuring a single source of truth for finance and accounting teams; • Studio360 Orchestrate: The industry’s most extensive capabilities to map, optimize, and automate workflows across BlackLine applications, ERPs, and other applications like procurement, payroll, revenue, treasury, fixed assets, and more, with real-time progress tracking and event-based scheduling; • Studio360 Visualize: Real-time, AI-powered insights, anomaly detection, exception handling, and KPI monitoring through customizable dashboards and reports, enabling CFOs to make fast, data-driven decisions; • Studio360 Blueprint: An extensive library of proven process design templates grounded in customer-informed industry best practices, enabling rapid deployment and achievable transformation outcomes.
BlackLine and its world-leading partners continuously contribute to and expand this library, ensuring it remains up-to-date and adaptable to evolving customer needs; and • Studio360 Control: A centralized hub for administering and enforcing financial data hierarchies, policies, and certifications to strengthen governance and risk management.
Solutions Our cloud-based solutions for the Office of the CFO are designed to be the primary point of interaction for accounting and finance professionals.
Our solutions enable accounting and finance professionals to execute their work continuously, empowering real-time insights and business partnerships.
Products and Services Our products are comprised of record-to-report and invoice-to-cash solutions.
We also provide implementation services.
Record-to-Report - Financial Close & Consolidation The collection of processes by which organizations record, reconcile, consolidate, and report their financial information at the end of each period is referred to as record-to-report.
Our products include: • Transaction Matching is an effective solution that automates the reconciliation of high-volume and complex transactions, significantly reducing the risk of financial misstatement and increasing the efficiency of our customers' finance and accounting operations.

and 171 more.

Gone since FY2024

Yet finance and accounting teams are facing unprecedented system and process complexity, growing data volumes, and evolving regulatory requirements, coupled with expanding roles and responsibilities.
For many organizations, enterprise resource planning (“ERP”) systems manage general ledger activities but do not address end-to-end processes performed across other systems and outside those systems in spreadsheets, impeding organizations’ ability to provide reliable data and insights.
This approach drives immediate impact and sustained value, maximizing cash flows, and accelerating the record-to-report and invoice-to-cash cycles.
BlackLine integrates with over 30 leading ERP systems, including SAP SE (“SAP”), Oracle Corporation, Microsoft Dynamics 365 (“Microsoft Dynamics”), an application offered by Microsoft Corporation (“Microsoft”), Sage Intacct, Inc., and NetSuite, Inc.
It also connects with diverse financial data sources, such as banks, point-of-sale, treasury, payroll, procurement, and other systems, bringing data into unified workflows.
This deep connectivity provides finance and accounting teams with accurate, actionable insights, reducing errors, improving compliance, and freeing time for strategic analysis.
For over 20 years, BlackLine has pioneered customer-centric innovation in financial software, optimizing mission-critical processes for the Office of the CFO.
Our latest innovation, the BlackLine Studio360 Platform, uniquely addresses the increasing complexity of data, systems, and processes.
On September 12, 2023, we acquired Data Interconnect (“DI”), hereinafter referred to as the “DI Acquisition”.
DI is a cloud-based invoice-to-cash automation vendor within the electronic invoice presentment and payment (“EIPP”) market.
The primary purpose of the DI Acquisition was to complete our existing accounts receivable automation solution by adding EIPP capabilities to our platform.
In doing so, we now offer a complete end-to-end invoice-to-cash process within the platform.
On January 26, 2022, we acquired FourQ Systems, Inc.
(“FourQ”), which we refer to as the “FourQ Acquisition.” The primary purpose of the FourQ Acquisition was to enhance our existing intercompany accounting automation capabilities by driving end-to-end automation of traditionally manual intercompany accounting processes.
Our cloud-based applications, increasingly powered by our BlackLine Studio360 Platform, include Account Reconciliations, Transaction Matching, Task Management, Financial Reporting Analytics, Journal Entry, Variance Analysis, Compliance, Smart Close for SAP, Cash Application, Credit & Risk Management, Collections Management, Disputes & Deductions Management, Team & Task Management, AR Intelligence, Electronic Invoicing & Payments, Intercompany Create, Intercompany Balance & Resolve, and Intercompany Net & Settle.
These applications address many use cases across our customers’ financial operations and include comprehensive and flexible solutions that deliver best practices for end-to-end record-to-report and invoice-to-cash processes.
Our ability to internally develop or make strategic acquisitions of new, market-leading applications and functionalities is integral to our success.
We intend to focus on customer expansion, geography, and industry to maintain and grow our leadership position. • Customer Expansion: We believe we have a leading position in the market with both enterprise and select mid-size companies.
We pursue a land-and-expand sales model and believe there is significant opportunity to increase sales of our solutions within our existing customer base.
Our pricing model is designed to allow us to capture additional revenue as our customers’ usage of our platform grows, providing us with an opportunity to increase the lifetime value of our customer relationships. • Geography: We believe that we have a significant opportunity to expand the use of our cloud-based solutions outside the United States (“U.S.”).
We intend to invest in further expanding our global footprint through organic growth activities and strategic acquisitions. • Industry: We continue to leverage our customer scale to innovate with industry-specific product extensions, specifically for industries where we have large total addressable market opportunities and strong brand permission with customers and partners.
We have established strong relationships with technology vendors such as SAP and Microsoft, Google LLC (“Google”), and Snowflake, Inc.
(“Snowflake”), professional services firms such as Accenture plc (“Accenture”), Deloitte Touche Tohmatsu Limited (“Deloitte”), and Ernst & Young Global Limited (“Ernst & Young”), and business process outsourcers, such as CapGemini SE (“CapGemini”), GenPact Ltd (“GenPact”), and RSM US LLP (“RSM”).
We intend to leverage our BlackLine Studio360 Platform to further extend our technology integration capabilities with large ERP players, and maintain connectivity to other ERPs and third-party data sources.
We have established the ability to buy BlackLine solutions via Cloud Marketplaces by Google Cloud Platform (“GCP”), Microsoft Azure (“Azure”), and Amazon AWS (“AWS”).
BlackLine Platform, Products, and Capabilities We provide a unified, scalable, and flexible platform tailored to the evolving needs of the Office of the CFO and deliver purpose-built applications that address critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash.
Our software and services provide the critical technology and industry-leading practices that deliver accurate, efficient, and intelligent financial operations.
BlackLine Studio360 Platform In today’s dynamic business environment, the Office of the CFO faces unprecedented challenges: managing complex systems, siloed data, and demands for real-time, accurate insights to enable strategic decision-making.
Traditional, fragmented solutions cannot keep up with the increasing complexity of data, systems, and processes.
The need for a unified, comprehensive, flexible, and scalable platform has never been greater.
BlackLine’s recently launched Studio360 Platform addresses these challenges by providing an infrastructure and capabilities to further unify our products and services that includes: • Studio360 Integrate: Powerful and flexible capabilities for unifying, cleansing, and transforming data through pre-built connectors and APIs, ensuring a single source of truth for finance and accounting teams; • Studio360 Orchestrate: The industry’s most extensive capabilities to map, optimize, and automate workflows across BlackLine applications, ERPs, and other applications like procurement, payroll, revenue, treasury, fixed assets, and more, with real-time progress tracking and event-based scheduling; • Studio360 Visualize: Real-time, AI-powered insights, anomaly detection, exception handling, and KPI monitoring through customizable dashboards and reports, enabling CFOs to make fast, data-driven decisions; • Studio360 Blueprint: An extensive library of proven process design templates grounded in customer-informed industry best practices, enabling rapid deployment and achievable transformation outcomes.
BlackLine and its world’s-leading partners continuously contribute to and expand this library, ensuring it remains up-to-date and adaptable to evolving customer needs; and • Studio360 Control: A centralized hub for administering and enforcing financial data hierarchies, policies, and certifications to strengthen governance and risk management.
Solutions Our cloud-based solutions for the Office of the CFO are designed to be the primary system of interaction for accounting and finance professionals.
Our solutions enable accounting and finance professionals to execute their work continuously, empowering real-time insights and business partnership.
Products and Services Our products are comprised of financial close & consolidation, intercompany accounting, and invoice-to-cash.
We also provide resources and services for implementation.
Financial Close & Consolidation The collection of processes by which organizations reconcile, consolidate, and report their financial information at the end of each period is referred to as record-to-report.
Our products include: • Account Reconciliations provides a centralized workspace from which users can collaborate to substantiate their balance sheet by completing account reconciliations.
Features include standardized templates, workflows for review and approval, linkage to policies and procedures, and integrated storage of supporting documentation.
It also enhances internal controls by facilitating the appropriate segregation of duties, simplifying reconciliation audits and adding transparency and visibility to the reconciliation process; • Transaction Matching analyzes and reconciles high volumes of individual transactions from different sources of data based upon user-configured logic.

and 138 more.

Sentence-level comparison of Item 1A in the two most recent 10-Ks (FY2024 ↗, FY2025 ↗). A reworded sentence counts as one dropped and one added, so heavy edits read as low “kept”. Headings and page furniture are stripped; nothing is summarised by a model.

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