BlackLine (BL) Investor Update summary

Strategic vision and execution

• Focused on transitioning to a platform era with Studio360, emphasizing execution, innovation, and alignment with customer needs.

• Achieved key milestones in go-to-market optimization, partner strategy, and operational excellence, including >95% cloud migration and record partner-led deals.

• Strengthened partnerships, notably with SAP, and expanded the global partner ecosystem to drive reach and influence.

• Emphasized relentless execution, data integrity, trust, and AI integration to enhance reliability and auditability.

• $40 trillion in market cap runs on the platform, underscoring its critical role in capital markets.

Product and technology innovation

• Studio360 leverages a scalable, cloud-based data architecture, enabling automation and AI across financial operations.

• Over 110 customers have adopted Studio360, with 8-16% reduction in financial close cycles and significant efficiency gains.

• New connectors for Oracle Fusion and Workday, plus broad API support, enhance integration and platform extensibility.

• Partnership with Snowflake improved reporting performance and reduced costs by ~80%.

• AI strategy centers on agentic AI, with Verity and Vera providing intelligent insights, content generation, and process automation.

Platform and product strategy

• Vision to be the unified platform for the Office of the CFO, with AI-powered solutions for financial operations.

• Cloud migration is over 95% complete, with full completion targeted by end of 2025, enabling rapid innovation and cost efficiencies.

• Focused on expanding Studio360, differentiated AI, and best-of-breed record-to-report and invoice-to-cash capabilities.