BlackLine

Automates financial close processes to help improve controls for accounting, finance, audit, and compliance staff.

Languages supported: Czech, German, English, French, Hungarian, Italian, Japanese, Korean, Dutch, Polish, Portuguese, Russian, Spanish, Chinese (Simplified)

Platforms: Mac, Win, Linux

Price: $$$$$

Business Size: 1

9/10 (Expert Score) ★★★★★
Product is rated as #150 in category Accounting Software
Ease of use
8.6
Support
9.2
Ease of Setup
0.0

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BlackLine solutions empowers the accounting and finance function to manage and control the end-to-end financial close process by automating accounting workflows, providing a centralized and secure workspace to perform period-end accounting activities, and streamlining financial reporting.

The resulting absence of complex, manual, and error-prone steps inherent in dated accounting practices, enables teams to focus on analyzing discrepancies and uncovering new ways to create value for the organization.

This Continuous Accounting approach that eliminates non-value adding activities and evenly distributes tasks across the close, facilitates continual monitoring for errors, fraud, and inefficiency, so accounting and finance leaders can innovate to sustain competitive advantage, even in the face of growing workloads and increasingly stringent regulatory environments.

BlackLine
BlackLine

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Customer Reviews

BlackLine Reviews

Marta B.

Advanced user of BlackLine
★★★★★
Great system-Blackline

What do you like best?

I enjoy working with the Blackline system. It allows users, preparers, approvers, and reviewers to access all of the reconciliations in one unified place. It is a fantastic upgrade from performing reconciliations by the use of only Excel spreadsheets. This is a great improvement, which allows this system to always have the most up to date information on file. Blackline allows for easy and seemless operations, making audit reviews much easier then before. The following are just a few benefits of utilizing Blackline system:

Ensure balance sheet completeness and accuracy.

Centralize and standardize the month-end close.

Automate manual processes and optimize time.

Unify intercompany accounting for global alignment.

Orchestrate and automate GL close activities.

Accelerate cash application and optimize working capital.

What do you dislike?

It would be easier if the mentoring videos for Blackline were on the original Blackline log-in, not a separate window, which requires constant re-log in.

What problems are you solving with the product? What benefits have you realized?

Blackline allows for Efficiency & Standardization, Control & Compliance, Visibility & Transparency. This system streamlines Process Administration, which helps ensure accurate and efficient accounting activities.

The main benefit is that standardizing reconciliation formats create consistency, email notations can be forwaded, and comments become a section of the reconciliation record. Preparers can focus their time on identifying errors, while approvers have more time to review and analyze accounts properly.

Review source: G2.com

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