Overview
What is BlackLine?
BlackLine automates the the processes required to finalize periodic closing of the books. Beyond close/reconciliation management the product includes capabilities to enhance the management and control of financial processes throughout the accounting cycle.In October 2020, BlackLine acquired Rimilia, an AR…
BlackLine Review
amazing we want more
BlackLine is a great product and highly recommend
I am not sure I want to work without BlackLine ever again.
BlackLine Goes Above and Beyond
BlackLine helps us streamline processes
BlackLine is the best!
Reporting and Insights!
Excellent Product!
Your Intercompany Partner
BlackLine - Reducing Manual Effort
Closing the Gap Between F&A and Technology
BlackLine is the Future!!!
Goes Beyond
How BlackLine Differs From Its Competitors
Partnership
Partnership
Partnership
Partnership
Partnership
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Multi-currency management (28)9.090%
- Customizable Workflows (35)8.989%
- Detailed Audit Trails (51)8.686%
- Journal entries and reports (41)8.484%
Reviewer Pros & Cons
Pricing
What is BlackLine?
BlackLine automates the the processes required to finalize periodic closing of the books. Beyond close/reconciliation management the product includes capabilities to enhance the management and control of financial processes throughout the accounting cycle. In October 2020, BlackLine acquired…
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Features
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 7.6Financial data consolidation(25) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 8.4Journal entries and reports(41) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 9Multi-currency management(28) Ratings
Ability to handle foreign currency conversions during consolidation.
- 8.6Detailed Audit Trails(51) Ratings
Tracing changes to data and processes that were run.
- 8.9Customizable Workflows(35) Ratings
The ability to adapt the software to complete tasks in a particular order according to business needs.
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is BlackLine?
In October 2020, BlackLine acquired Rimilia, an AR automation solution. Rimilia's capabilities are now part of the BlackLine platform.
BlackLine Features
Consolidation and Close Features
- Supported: Financial data consolidation
- Supported: Journal entries and reports
- Supported: Multi-currency management
- Supported: Detailed Audit Trails
- Supported: Reconciliation Automation
- Supported: Close Checklist
- Supported: Customizable Workflows
Additional Features
- Supported: Intercompany Non-Trade
- Supported: Intercompany Balance & Resolve
- Supported: Intercompany Net & Settle
- Supported: Compliance
- Supported: Financial Reporting Analytics
BlackLine Videos
BlackLine Competitors
BlackLine Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | Apple iOS, Android |
Frequently Asked Questions
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Reviews and Ratings
(320)Attribute Ratings
Reviews
(1-25 of 31)I am not sure I want to work without BlackLine ever again.
- Reconciliations can be set up in many different ways, however you need, and is very easy to use.
- Tasks have made it so we always know where we are at as individuals and as a team. If someone is behind, we can view that, and someone can jump in and assist when necessary. A very team-friendly addition.
- The journal entries function is a great process as there is a definite separation of duties and an audit trail that cannot be edited, which can be provided upon request. When it can be set up to automatically "speak" to your accounting system, the process is even better as there is limited manual touching.
- I have not found the customer community to be as helpful as we were told it would be.
- When setting up our Matching abilities, we did not have a team big enough to have one or two people 100% focused on that set up and it took longer than we anticipated because of that. It was understandably upsetting/frustrating for the BlackLine set-up team, but it should have been something they were aware of as it was explained that we had limited staff and could not give 100% to this project until it was complete. We were able to give them a small amount of time each week.
- Deleting/removing tasks or duplicate reconciliation accounts is not always easy to do, and requires someone with quite a bit of knowledge of the admin side to walk someone through it.
BlackLine helps us streamline processes
- Automation
- Audit Trail
- Documentation
- Better response time on support tickets
BlackLine - Reducing Manual Effort
- Scalability to be able to start small and then continue to expand the use of BlackLine with additional modules
- The implementation process is smooth and it is nice to have dedicated support throughout the process
- Customer focus of hearing what users want to see for future products
- It is a bit daunting to implement at first
- Change management with internal Finance teams
Great Solution
- Reconciliations
- Customer Service
- Listen to clients
- Access customer instances to analyze data and suggest improvements more often
- Reach out to customers on a regular basis to check on their pain points using BlackLine.
Finance from heart
- Reconciliation
- List detail of transaction
- User friendly
- It has streamlined various financial operation
- Training
- sending notification
- two user access for same account
Fast and Finance
- Task Management
- Journal Vouchers
- Account Reconciliation
- Community
- Idea implementation
Idea implementation though is a bit of a hard nut to crack here - one needs to upload the idea on a very place called Product Ideas, where others can upvote those. The necessary minimum? I do not know. But some says, there were ideas implemented for free for all BL users... SO, I do believe them.
BlackLine...the Time Saver!
- Bank Transaction Matching
- Task Flow
- Implementation Guidance
- Account Manager Turnover High
BlackLine, from an IT perspective
- User-friendly UI
- Automation
- Web login to connect anywhere, anytime
- While UI is nice, it can be improved upon
- Variance Analysis needs a revamp
- More automation options
BlackLine for University Finance Team
- Quick Customer Service Response Time
- User-Friendly and easy to follow interface
- Ability to see historical financial information
- Custom Features per Users needs
- Grouping Accounts when importing monthly GL balances can be kind of confusing
- More Published Troubleshooting Documents
My Review
- Show the account balance
- Show the account owner
- Group those account in same use
- Search engine
- Dashboard display
- Report run
Centralize and digitize accounting records
- Facilitates account reconciliation easily
- Digitally stores data that is accessible from any computer
- Customer support is excellent
- Task Management is a bit clunky
- Grouping journals (when using BlackLine as passive technology) is not really possible (i.e. when journals are initiated in SAP).
- Full audit trail still missing
- Creating new timeperiods must be done manually
I see it for an enterprise solution, small businesses may not really get the full benefit, the cost may exceed the benefits.
One Source for Audit truths
We used the task function to manage the monthly close process for one of our divisions, it was very useful to have the audit trail of submissions and approvals for the various tasks done by remote employees. We are looking to roll out this capability to our full accounting group later this calendar year, to replace the various Excel spreadsheets were currently use.
- acts as single source for audit trails
- makes tracking status of outstanding items (tasks or recons) easy
- gets rid of Excel sheets for prepaids and amortizable items
- allows for the grouping of accounts as you need them beyond how your chart of charts has them grouped
- their dashboards are a bit less than ideal
- if you have many amortizable items in your recon looking up a specific one is not easy
- also it is difficult to edit an amortizable item once it has been uploaded
Great for close management efficiencies
- Time-stamped reconciliation approvals.
- API Interface with main accounting platform.
- The ability to customize account structure (high priority, occurrence, etc.)
- The platform can be hard to navigate.
- The community help page is a bit difficult to find supporting docs.
- Unless you add the additional reporting feature, the reports are pretty slim and not customizable.
Intelligent platform to automate end-to-end Financial Close
- Its big advantage is that it enables data sharing between products on the platform, by eliminating the need to move data across or through other platforms.
- BlackLine provides a paperless accounting and financial process.
- The best thing is that it prepares, documents, reviews, and approves monthly journal entries, account reconciliations, and other associated tasks automatically.
- It performs reconciliations with operational efficiency.
- One thing that I disliked is that It's hard to maintain a large number of tasks.
- The process of creating custom reports is a little bit confusing.
Looking for a great and easy-to-use system for account reconciliations & tasks? Go for BlackLine!
- Auto-Certification to reduce workload
- Segregation of duties - users cannot approve their own prepared recs
- Excellent support team for any question you might have
- High quality online training available for all users
- Continuously improving
- Dashboards refresh is a bit slow
- The view at Accounts Group tab is the only one not customizable
- When just starting in BlackLine, creating the correct access can be a bit confusing at first
- Journal entry module is a huge time saver during month end close. It keeps the team on task and integrates seamlessly with our ERP System.
- Matching is a powerful tool that assists in reconciling large data sets.
- The reconciliations module makes it incredibly easy to find the details needed to explain the balance sheet accounts.
- BlackLine can be a bit slow during month end close.
- The grid can be improved by allowing users to click anywhere in a row to select the item.
BlackLine Review
- Ease of use - easy for a new user to pick up.
- Standard templates make reviewing recs simple as you know what to expect with each rec.
- BlackLine has a robust approval process and it allows you to live-time check the status of the reconciliation. Is it still being prepared? Or is it prepared and we are waiting on approval? Also, it tracks the date it is prepared, reviewed, approved, etc. so that you can go back and check that everything has been done within whatever you set deadlines are.
- Homepage is a little bit wanting for more. But it has been improving since we have been using BlackLine the past year.
Smaller organizations might not find Blackline as helpful as it might offer more than what they need.
Just implementing and already impressed
- Auto-certification of balance sheet recs that makes sense to have no human involved.
- Dashboard reporting of status at anytime.
- Workflow for reviewal and approval.
- Reporting is a bit cumbersome - should have more drop downs to help with selecting parameters.
- Customizable auto-certifications for balance sheet recs.
Great tool for Modern Accounting!
- Transaction matching is the best part of Blackline because of its ability to be applied across many use cases. It can completely automate the bank reconciliation and intercompany reconciliation process eliminating the need for excel.
- There is definitely a learning curve to this product and it requires quite a bit of training to get all the benefits. Once you have the training however, this tool is very powerful.
Easy implementation. Immediate results.
- Utilize Tasks to document and ensure key control process are completed.
- Access for external auditors to reduce time preparing schedules and providing supporting documentation.
- Automates the preparation, documentation, review, and approval of monthly journal entries, account reconciliations, and other related tasks.
- Assigning user access is a little confusing if have multiple entities.
Blackline Offers Efficiencies, Visibility, and Support
- Automated journal entries
- Visibility to completed and open tasks and reconciliations.
- Amortization of prepaids.
- Ability to link journals to recons automatically.
- Matching/reporting capabilities.
BlackLine Account Reconciliations Rock!
- Maintain internal control so a preparer of a reconciliation cannot approve their own
- Maintains history of a reconciliation, providing the "full story" of the account
- Accessibility of BlackLine systems 24/7--I work in several time zones and we can all be on the same page
- Creation of customized reports is still a bit confusing
- Creation of dashboards is also still a bit confusing
Awesome Product!
- Makes compliance easier.
- Keeps up with whether reconciliations have been completed and if not how long.
- Maybe confusing when first start using it.
BlackLine = Best in class
- Depth of product/solution.
- Great customer support.
- Amazing audit support.
- Pricing - best in class product comes with highest price tag.
- Maintenance can be a bit much if there is no dedicated resource.
If you are a small organization, or not wanting to move away from your paper backup documentation, BlackLine might not be for you.
Ease of Use, Some Auto-rec Glitches
- Ease of use.
- Reliable user interface.
- Quick customer service responses.
- Automated reconciliations are a bit buggy.