Investment Thesis
BlackLine (BL) is a true disruptor on its way to be the pioneering trailblazer of accounting software. Despite looking expensive at first sight, it actually isn't for those with a long-term horizon.
A True Game-Changer Business in an Industry Open for Disruption
Accounting is an industry open to disruption. In its current form, it is very inefficient, repetitive, error prone, and time consuming. It is defined by relatively large headcounts and seasonal workloads with lots of downtime and chaotic closing periods with long hours spent on tedious Excel mining. Accountants spend