BlackLine

Financial Close Management

4,4 /5 (11 reviews) Write a Review!

BlackLine Overview

What is BlackLine?

BlackLine provide a number of financial automation products which combined form their Finance Controls and Automation Platform. These products are designed to automate processes associated with financial close and reconciliation, as well as management of the internal controls environment. BlackLine Financial Close Management offers four main feature areas: Account Reconciliations, Task Management, Transaction Matching, and Journal Entry.

With the Account Reconciliations tools provided by BlackLine you can compare data from multiple systems and locations to reconcile the account balance across all balance sheet accounts. Features allow you to allocate duties to accounting teams and define the account reconciliation process. The Task Management feature offers real-time dashboards and advanced reporting for complete visibility and insight into task progress. An online, task-associated document repository keeps all task attachments in one place.

Transaction matching by BlackLine lets you manage multiple transaction types, from Bank to Credit Card, to Investment Transactional Matches, identifying unmatched transactions. The Journal Entry feature lets you create, review and approve journals, certifying and storing them with their supporting documentation. These journals can then be posted automatically to the general ledger, in batch at a scheduled time or on demand.

BlackLine Overview

Pricing

Starting from
N/A

Pricing options

Free Trial
Value for money

Please contact sales for a quote


BlackLine Features

Devices
Business size
S M L
Markets
United States, Canada, United Kingdom, Australia
Supported Languages
English

Media

BlackLine Financial Close dashboard
BlackLine Financial Close Suite
BlackLine for iPad
Account Reconciliation in BlackLine Financial Close Management
BlackLine video BlackLine screenshot: BlackLine Financial Close dashboard BlackLine screenshot: BlackLine Financial Close Suite BlackLine screenshot: BlackLine for iPad BlackLine screenshot: Account Reconciliation in BlackLine Financial Close Management

BlackLine Reviews

BlackLine Reviews

Overall rating
4,4
/
5
Excellent
5

Very good
5

Average
1

Poor
0

Terrible
0

Value for Money
4,3
Features
4,4
Ease of Use
4,3
Customer Support
4,3
91% recommended this app
Balázs Z.

Good tool for account reconciliation in a GBS center

We started using it to replace our old client-server based software to support the month-end GL reconciliation process for various entities in our global company.


Keely M.

Once you have it, you won't want to be without it

I don't have a single bad thing to say about this software. The company I work for now doesn't have it, and I really wish we did. I miss it every day!
It is a great month end tool. Nothing better in my opinion.
For corporations looking to get a better understanding of your account balances - this was wonderful. Asking and waiting for information was a thing of the past, when all you had to do is log in and pull up an account to see it's balance and supporting detail.


Renata U.

Much to improve


Verified Reviewer

Blackline Integration with Data Management Software such as SAP

Since SAP has been integrated with BlackLine, reconciliations every day+5 of the month end processes are a lot easier. Variances and discrepancies are easily dealt with. Blackline has only been limited to its functions as well as the real-time processing of data.


Debby B.

Great tool for balance sheet recs!


Balázs Z.
Industry: Mining & Metals
Company size: 10 000+ Employees

Good tool for account reconciliation in a GBS center

Used Weekly for 2+ years
Reviewed on 2019/02/08
Review Source: Capterra

We started using it to replace our old client-server based software to support the month-end GL reconciliation process for various entities in our global company.

Pros

Due to the cloud technology it is available from anywhere. It could be really useful if you should manage GL reconciliation for many entities with different ERPs (it was our case) Easy to use interfaces, very good support. Can support the internal or external audit procedure and can reduce its cost. Auto-certification is sophisticated with several customization possibilities.

Cons

The implementation was a bit longer than expected (it was also because of our internal resources). With our current setup line level info cannot be loaded, so Excel sheets - as attachments - are remained after go live.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Keely M.
Industry: Package/Freight Delivery
Company size: 201-500 Employees

Once you have it, you won't want to be without it

Used Other for 2+ years
Reviewed on 2020/11/19
Review Source: Capterra

I don't have a single bad thing to say about this software. The company I work for now doesn't have it, and I really wish we did. I miss it every day!
It is a great month end tool. Nothing better in my opinion.
For corporations looking to get a better understanding of your account balances - this was wonderful. Asking and waiting for information was a thing of the past, when all you had to do is log in and pull up an account to see it's balance and supporting detail.

Pros

I LOVE this software. As an accountant, there is no better tool at month end to get your accounts reconciled.
Account Reconciliation becomes a breeze, and It makes those dreaded audits not so horrible. Everything is neatly tucked into a software, where the auditors can be set free (in their own approved audit login of course). From Account reconciliation, to matching, and bank reconciliation...I loved this software the more I used it. I even tried to find an open position to work for them!

Cons

When you get started, its like anything, you learn how it all works. In the beginning the only con for me was the level of help (this was back when this software started). But now there are so many online tools to help you with any questions you may have. And their customer service is great and helpful. Super easy to submit a ticket for an issue, and response time was great.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Renata U.
Industry: Accounting
Company size: 1 001-5 000 Employees

Much to improve

Used Monthly for 2+ years
Reviewed on 2020/04/03
Review Source: Capterra

Pros

I use this in monthly accounts reconciliations. Great tool for store data and for making the summary of balances in accounts.

Cons

There is too many fields to fill, many not needed options. When users have many accounts assigned Blackline is realy slowly.

Rating breakdown

Ease of Use

Likelihood to recommend: 7.0/10

Verified Reviewer
Industry: Information Technology & Services
Company size: 1 001-5 000 Employees

Blackline Integration with Data Management Software such as SAP

Used Weekly for 2+ years
Reviewed on 2018/08/11
Review Source: Capterra

Since SAP has been integrated with BlackLine, reconciliations every day+5 of the month end processes are a lot easier. Variances and discrepancies are easily dealt with. Blackline has only been limited to its functions as well as the real-time processing of data.

Pros

It is a web-based application for performing account balances reconciliation which can be easily integrated with other financial software such as SAP.

Cons

The software is limited to reconciliations and intercompany transactions wherein the vast majority of software are investing on in-memory capacity and cloud for more flexible transactions.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

Debby B.
Industry: Accounting
Company size: 201-500 Employees

Great tool for balance sheet recs!

Used Daily for 6-12 months
Reviewed on 2017/12/26
Review Source: SoftwareAdvice

Pros

It provides visibility and consistency to balance sheet recs. Fairly easy to use. Several different templates available pre-built.

Cons

Some of the different screens have the Save button in different places which can be a bit frustrating.

Rating breakdown

Ease of Use

Likelihood to recommend: 10.0/10

User recommendation
8,1/10
Based on 11 user ratings
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BlackLine Pricing

BlackLine Pricing

Starting from
N/A
Free Trial
Value for money

Please contact sales for a quote

Please contact sales for a quote

Value for Money
4,3/5
Based on 11 user ratings
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BlackLine Features

BlackLine Features

API
Accounting Integration
Accounting Management
Activity Dashboard
Audit Trail
Automatic Notifications
Billing & Invoicing
Compliance Management
Customizable Reporting
Data Import/Export
Electronic Payments
Expense Tracking
Financial Analysis
Invoice Management
Invoice Processing
Multi-Currency
Real Time Data
Reporting & Statistics
Third Party Integration
Workflow Management
Features
4,4/5
Based on 11 user ratings
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Categories

Additional information for BlackLine

Additional information for BlackLine

Key features of BlackLine

  • Account Reconciliations
  • Automated workflows
  • Bank reconciliations
  • BlackLine Finance Controls and Automation Platform
  • Certify and store journals
  • Compare data in different systems or locations
  • Create, review, and approve journals
  • Credit card matching
  • High level security
  • Integrate with BlackLine Controls Assurance
  • Integrate with BlackLine Intercompany Hub
  • Integration with any ERP system
  • Intercompany reconciliations
  • Invoice-to-PO matching
  • Journal Entry
  • Online document repository
  • Pst journals to general (or sub) ledger systems
  • Reporting, analytics & dashboard
  • Task Management
  • Transaction Matching

Benefits

  • Automated reconciliations, such as bank reconciliations, credit card matching, intercompany reconciliations (ERP, bank, subledger, schedules, etc.) and invoice-to-PO matching.

  • Real-time notification alerts to users when there are pending tasks and notifications to management of past-due tasks or bottlenecks.

  • Manage multiple accounting transaction types including Bank to General Ledger; Bank to Credit Card; Received, Not Invoiced to Received, Invoice Received; Intercompany Transactions; Investment Transactional Matches; Bank to Accounts Receivable; Third-Party Invoices to Internal Records; and more.

  • Risk center allowing you to create ad-hoc queries against your dataset to manage exposure.

  • Create task dependencies and task workflows to ensure the correct procedures are followed.

  • Account reconciliations includes standardized templates, workflows for review and approval, linkage to policies and procedures, and integrated storage of supporting documentation.

  • BlackLine FAQs

    BlackLine FAQs

    Below are some frequently asked questions for BlackLine.

    Q. What type of pricing plans does BlackLine offer?

    BlackLine offers the following pricing plans:

    Free Trial: Not Available

    Please contact sales for a quote

    Q. What are the main features of BlackLine?

    BlackLine offers the following features:

    • Account Reconciliations
    • Automated workflows
    • Bank reconciliations
    • BlackLine Finance Controls and Automation Platform
    • Certify and store journals
    • Compare data in different systems or locations
    • Create, review, and approve journals
    • Credit card matching
    • High level security
    • Integrate with BlackLine Controls Assurance
    • Integrate with BlackLine Intercompany Hub
    • Integration with any ERP system
    • Intercompany reconciliations
    • Invoice-to-PO matching
    • Journal Entry
    • Online document repository
    • Pst journals to general (or sub) ledger systems
    • Reporting, analytics & dashboard
    • Task Management
    • Transaction Matching

    Q. Who are the typical users of BlackLine?

    BlackLine has the following typical customers:

    Large Enterprises, Mid Size Business

    Q. What languages does BlackLine support?

    BlackLine supports the following languages:

    English

    Q. What type of pricing plans does BlackLine offer?

    We do not have any information about what BlackLine pricing plans

    Q. Does BlackLine support mobile devices?

    We do not have any information about what devices BlackLine supports

    Q. What other apps does BlackLine integrate with?

    BlackLine integrates with the following applications:

    Primaseller

    Q. What level of support does BlackLine offer?

    BlackLine offers the following support options:

    Knowledge Base, Online Support, Phone Support