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BlackLine Launches Verity: A New Era of Trusted AI for Financial Departments

In a groundbreaking announcement today, BlackLine, Inc. (Nasdaq: BL) has unveiled Verity, a sophisticated artificial intelligence suite tailored specifically for finance and accounting teams. With Verity, BlackLine aims to integrate a trustworthy digital workforce into financial departments, providing the necessary tools to enhance efficiency, improve process integrity, and support sound decision-making.

A Solid Foundation for Trusted AI

Verity, which derives its name from the Latin word for ‘truth,’ is built on three essential pillars:
1. AI Control Layer: BlackLine offers centralized governance, auditability, and transparency, which are critical for companies managing AI models—especially in sensitive financial operations.
2. Unified Platform: The Studio360 platform acts as a single source of truth, providing an integrated view across finance and accounting. This prevents the fragmented approach seen in isolated solutions.
3. Extensive Process Knowledge: BlackLine has embedded over two decades of expertise from more than 4,400 customers into Verity’s logic, establishing a benchmark for industry financial operations that enhances its AI capabilities and efficiency.

Transforming the Finance Landscape

Verity delivers a comprehensive AI toolkit integrated within the Studio360 platform for functions such as transaction recording, reporting, invoicing, and collections. This innovative AI suite automates complex tasks, reveals profound analytical insights, and liberates finance professionals from repetitive actions.

At the heart of this digital workforce is Vera, the AI lead, who orchestrates a team of specialized agents. Vera serves as a single point of contact for finance and accounting professionals, coordinating workflows, assigning tasks, and monitoring team performance, ensuring a seamless collaboration between AI and human workers.

Key Features of Verity

• - Agent Experiences: The digital workforce operates independently, managing complex workflows across financial tasks. Users maintain full visibility and control over these agents.
• - Intelligent Insights: Verity transforms raw financial data into actionable foresight, predictive forecasts, and proactive risk detection.
• - Next-Generation Process Automation: Enhancing BlackLine's core solutions, Verity applies AI intelligence to tackle extensive and intricate processes efficiently, including AI-driven matching and intelligent data collection.
• - Automated Content Generation and Summarization: Streamlining manual tasks, Verity generates draft texts and processes vast volumes of financial data into clear, actionable outputs.

“BlackLine stands out by providing essential application and control layers that ensure AI's power is both auditable and reliable, making it indispensable for businesses,” says Jeremy Ung, the company’s CTO. He further emphasizes a vision of future-ready financial operations powered not just by automation but by anticipatory AI, enabling clients to foresee, decide, and act swiftly.

Collaboration with Google Cloud

In partnership with Google Cloud, BlackLine integrates Google’s cutting-edge Gemini models, enhancing the capabilities of Verity’s AI. Rodrigo Rocha, Google Cloud's executive director for global partnerships, expressed excitement about this collaboration, stating it will empower mutual customers to conclude their financial records faster and with greater accuracy.

Looking to the Future

BlackLine is ushering in a new collaborative work environment where humans and AI function as a cohesive unit. The company’s unwavering commitment to data integrity provides a reliable foundation for this digital workforce, ensuring that it operates with the same rigor as any team member. This transformative approach enables finance and accounting professionals to manage operations with strategic insight, paving the way toward unmatched accuracy and oversight.

To explore BlackLine’s AI capabilities further and discover how they can support future-ready financial operations, visit BlackLine's website.

About BlackLine

BlackLine (Nasdaq BL) is a future-ready platform for financial departments, facilitating the digital transformation of finance by enabling organizations to conduct precise, efficient, and intelligent financial operations. The Studio360 platform addresses essential practices such as recording and reporting, as well as invoicing and collections, bringing unified and accurate data, streamlined processes, and real-time visibility through automation and AI. With a collaborative approach, BlackLine transforms organizations, ensuring immediate results and lasting value through continuous innovation and investment.