BlackLine Provides Accounting and Finance Teams with Better Visibility and Control over the entire Financial Close.
In order to accelerate finance transformation, BlackLine has worked closely with customers to identify the most complex, manual, and repetitive tasks in finance and accounting and to automate how they are processed, managed, and performed.
The result is BlackLine Financial Close and Automation Platform, delivering powerful cloud-based technology and real-time automation to give accounting and finance teams power over their processes. BlackLine’s vision for transforming the finance and accounting function truly modernises processes and empowers real productivity gains.
Financial Close Management
Streamline cumbersome financial close processes
Automate any type of manual reconciliation
Simplify complex intercompany accounting
Measure productivity against industry benchmarks
It’s time to move beyond redundant practices and modernise the way finance wants to work.
The BlackLine Financial Close and Automation Platform automates the financial close, account reconciliation, journal entry, and numerous other accounting and finance processes—in one centralised cloud-based system.
The suite, which consists of seven integrated products, provides accounting and finance departments with end-to-end functionality that automates and streamlines manual, spreadsheet-driven accounting and finance processes whilst adding unprecedented control, visibility, and efficiency.
Over 1,000 clients around the world already trust BlackLine’s solutions to modernise the way finance and accounting teams automate their processes and contribute to the overall organisation’s performance. BlackLine’s solutions help clients achieve enhanced control and visibility over mission-critical accounting and finance processes.
The BlackLine Financial Close Management solution empowers end-users to gain full control over the financial close process by streamlining accounting workflows, and producing financial and regulatory reporting in a timely manner, while ensuring accuracy and simplified audibility.
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Thorough, accurate reconciliations are one of the most important internal controls over financial statements and their underlying data. The BlackLine Reconciliation Management solution standardises, automates, and streamlines all types of reconciliations including balance sheet, bank, credit card, and other operational reconciliations, as well as reconciliations between systems, regulatory standards, and numerous other areas.
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The BlackLine Intercompany Hub is a clearinghouse of intercompany transactions that eliminates after-the-fact manual reconciliations and settlements. The Intercompany Hub centrally interfaces with all of a company’s core ERP systems and other systems, collecting and distributing intercompany transactional data on a centralised basis. This provides the means for a single process for reconciling, netting and settling intercompany transactions in real time.
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Over 130,000 users from more than 1,300 companies of all sizes and industries use BlackLine software solutions to streamline and automate period-end and other accounting processes. Accountants around the world are reconciling accounts, posting journal entries, and executing tasks every period in BlackLine. Insights takes this information, anonymises it, and turns it into actionable intelligence, enabling CFOs and Controllers to see how their team, department, and company stack up against different industries, geographies, and company sizes across KPIs specific to accounting and finance operations.
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“BlackLine software is one of those rare pieces of software that does what it is supposed to do when you install it and everyone is happy!”