Financial Close Management with BlackLineIt’s time to move beyond redundant practices and modernise the way finance wants to work.
The BlackLine Platform
The simplicity and usability of BlackLine solutions are unique. BlackLine is a comprehensive Finance Controls and Automation platform built on a single codebase and delivered securely via the cloud. Users enjoy a consistent experience with single sign-on and avoid constantly switching between multiple systems. Data is available between products within the platform as well, without having to be transferred between or through other systems. Organizations can manage the entire accounting and finance lifecycle and gain a global view into tasks and processes, all in one centralized, secure, and reliable system: the only unified cloud platform built specifically for finance and accounting. When clients purchase BlackLine, they focus on adopting the technology for process improvement rather than supporting its infrastructure.
Standardize, control, and streamline reconciliations. Account Reconciliation automates and standardises the reconciliation process. It produces high-quality and accurate financial statements. It also drives accuracy in the financial close by providing a streamlined method to verify the correctness and appropriateness of balance sheets. Quickly compare general ledger, bank, and other data, investigate discrepancies, attach supporting documentation, and take required actions from an intuitive, unified workspace.
Visibility and control for any accounting checklist. BlackLine Task Management provides a configurable, web-based command center to manage accounting and finance tasks. Utilising a hierarchical task list, role-based workflow, and real-time dashboards, the task management product allows users to track and control a variety of task types. It includes month-end close checklists, PBC lists, tax filings, and more.
Centralise, manage, and automate journal entries. BlackLine Journal Entry provides a complete journal entry management system that enables the creation, review, and approval of journals, then electronically certifies and stores them with all supporting documentation. Journals can be posted to the general or sub-ledger systems with pre-posting validation to catch entry or logic errors, eliminating ledger rejections. Automation rules allow period-end journal entries to be created and populated based on data and rules, and posted automatically, eliminating considerable manual period-end work.
Match and reconcile thousands of transactions in minutes. High-volume reconciliations can be some of the most time-consuming and painful components of the period-end close process. BlackLine Transaction Matching streamlines and automates detail-heavy reconciliations. Bank reconciliations, credit card matching, intercompany reconciliations, and invoice-to-PO matching are all reconciled in one centralized workspace.
Continuously monitor for risk with automated fluctuation analysis. BlackLine Variance Analysis automates the calculation and identification of account balance and activity fluctuations to enable continuous monitoring for risk. This ensures the effective and timely execution of critical management review controls and supports agile decision-making.
BlackLine Cloud finance for mid-market organisations
Over 2,800 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.
BlackLine Case Studies
Learn how Forpoint partnered with Wex, Australian Unity and Flick to implement the best solutions in centralised and integrated accounting and finance processes with BlackLine.