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BlackLine Features and Reviews

BlackLine accounting software provides businesses with financial automation products to enable them to manage their finances efficiently.

Overview

BlackLine accounting software is a cloud-based solution that focuses on helping organizations with finance control and automation. Businesses can use this software to manage their complete accounting and finance lifecycle, and they can use it to get a comprehensive view of their processes. This software helps companies to centralize their major accounting functions for embedding controls, modernizing procedures, and bringing visibility into finance and accounting. Plus, BlackLine accounting software enables users to consolidate their account reconciliations and carry out advanced accounting operations.

Businesses can use this software to simplify general ledger reconciliations, accounting workflows, and journal entry management. BlackLine accounting software allows users to complete their financial and regulatory reports on time and ensure their auditability and accuracy. This software uses a cloud-based SaaS delivery model, so there is no third-party software to maintain. Besides, BlackLine accounting software enables users to access their data at any time, and it offers them sophisticated disaster recovery and security standards.

BlackLine accounting software ensures that user data is encrypted and protected, both at rest and in transit. Businesses can integrate this software with applications like NetSuite, Oracle, SAP, and different accounting systems. This software allows users to automate their transactional processes and optimize their reporting processes. Also, BlackLine accounting software provides businesses with tools for close process management.

Organizations can use this software to evaluate the performance of their business, and it helps them to make data-backed strategic decisions. BlackLine accounting software enables users to automate and standardize their credit card, general ledger, cash, and bank for easy reconciliation and transparency. Additionally, BlackLine accounting software interfaces with the core ERP systems of users to manage their global intercompany accounting seamlessly.

Product Details

BlackLine accounting software helps finance leaders to deliver accurate and analytics-driven reports to their business. This software allows users to automate accounting workflows to control and manage the end-to-end financial close processes. Organizations can use this software to get insights that will enable them to make strategic business decisions, and it helps them simplify financial reporting. BlackLine accounting software provides users with configurable tasks that ensure a streamlined execution of their major activities. Plus, Companies can use this software to carry out high-volume transaction matching, journal validation, flux analysis, and automated data imports to enable their teams to work efficiently.

BlackLine accounting software provides users with rule-based alerts and certification checklists that ensure an accurate financial close. This software's embedded controls helps businesses to reduce inaccuracies and errors, streamline their audit process, and allow for application control benchmarking. Organizations can use this software to create accurate financial reports regardless of where they are in the close.

Businesses can use these financial reports to identify and address critical transactions with ease. BlackLine accounting software integrates with user's ERP systems, and it enables accountants to manage global currencies, accounts, and processes seamlessly. Besides, this software allows businesses to get a comprehensive view of their financial health.

BlackLine accounting software enables users to standardize and simplify account reconciliation. This software helps businesses create accurate financial statements, and they can use it to compare different data, attach documents, and investigate discrepancies rapidly. Organizations can use this software's standardized templates and workflows to carry out account reconciliations with ease. BlackLine accounting software allows users to add new ERP accounts, create post-certification records, maintain proper duty segregation, and gain complete visibility into their accounting processes. Also, companies can improve the accuracy and quality of financial data by enforcing standardization across the reconciliation process.

BlackLine accounting software allows accountants to automate, centralize, and manage their journal entries. Users can use this software to create, approve, and review journals and they can certify and store them electronically with all the supporting documents. This software enables businesses to validate, license, and post journals based on their rules to avoid errors and unnecessary labor. 

Organizations can use dynamic data from different sources like bank feeds, credit cards, POS statements, and consolidation systems to create and validate journals on this software. BlackLine accounting software connects with multiple financial systems and ERPs to eliminate reconciling and timing differences. Additionally, this software provides users with an auditable trail.

BlackLine accounting software offers users a web-based command center for managing their accounting tasks. Businesses can use this software to monitor and control different jobs, including tax filings, PBC lists, and month-end close checklists. This software provides users with task workflows to manage manual accounting processes.

Organizations can configure their tasks and link them with journals and reconciliations to ensure the correct sequence and rollup of similar activities. BlackLine accounting software provides users with real-time dashboards to enable them to view completed and outstanding tasks by the due date, geographic location, and task type. Plus, this software's automatic notifications can notify the business management of pending jobs and bottlenecks.

BlackLine accounting software enables businesses to use automatic fluctuation analysis to monitor for risk. Users can use configurable workflows and variance rules to detect material fluctuations accurately. This software connects with multiple user systems to automatically import their GL balances regularly for data accuracy and reliability. Besides, businesses can use BlackLine accounting software's real-time reports and dashboards to view the status of their fluctuation analysis.

BlackLine accounting software allows businesses to match and reconcile high-volume transactions rapidly. Users can use this software to automate and streamline detail-heavy reconciliations like credit card matching, bank reconciliation, invoice-to-PO matching, and intercompany reconciliations. This software enables users to match different types of data from multiple data sources seamlessly. Also, BlackLine accounting software enables organizations to manage various types of accounting transactions like Bank to Credit Card, Bank to General Ledger, Bank to Accounts Receivables, Investment Transactions, and Third-party invoices to Internal Records.

Recap

BlackLine accounting software is a cloud-based finance control and automation solution that helps businesses manage their entire accounting lifecycle seamlessly. Organizations can use this software to modernize their processes, centralize their accounting functions, and get a global view of their tasks and processes.