Wipro Ltd.

BSE: 507685 | NSE: WIPRO
Large Cap | IT - Software
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Wipro enters into partnership with BlackLine

Date: 09-09-2015

Wipro, a leading global information technology, consulting and business process services company, has entered into a partnership with BlackLine Inc, a leader in Enhanced Finance Controls and Automation (EFCA) software. As part of this partnership, Wipro will offer BlackLine's platform of financial software solutions, encompassing Financial Close Management, Intercompany Hub, Reconciliation Management and Controls Assurance delivered as a cloud-based service, to finance and accounting organisations.

The BlackLine Finance Controls & Automation Platform will assist organisations to remain competitive, reduce risk and transform their existing finance and accounting departments into ‘Modern Finance’ organisations, by automating key processes and reducing manual efforts. These solutions will not only bring efficiency and cost reduction to the finance function of the organisations, but will also help the CFOs to achieve sustained benefits through risk reduction and automation of enforced controls. Complete audit trail, automated task management, automatic matching and automatic certification functions will also improve compliance to internal controls and policies, including SOX compliance.

Wipro and BlackLine will partner in projects and initiatives with the ultimate goal of delivering value to its clients and supporting them globally. This will open the doors for the next generation of finance delivery models for Shared Service Centers or retained organisations.