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
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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
Comparisons
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Reviews and Ratings
(320)Attribute Ratings
Reviews
(1-25 of 112)BlackLine is a trusted partner
- excellent support from our partners
- very knowledgeable Project Manager for project implementation
- Excellent professionals participated during we run the RFP
- Their prices are pretty high
BlackLine Review
- The interface is very clean and easy to navigate, making it very user friendly.
- The ability to communicate with preparers and approvers within the platform is a great feature.
- The ability to easily export items to PDF is great for auditing and documentation purposes.
- My only recommendation would be better reporting. The reporting feature is very customizable, but there are certain reports that do not exist or are difficult to find.
BlackLine is a great product and highly recommend
- Account Reconciliations
- Journal Entries
- Tasks
- Would like to have some out of the box examples on how to automate journals
- Need to have a easier way to put custom screens/data on the home screen
- Would like to have the ability do more on the mobile app
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.
Reporting and Insights!
- Reporting
- User access provisioning
- Connects to Tableau
- Connects to multiple ERP systems
- Dashboards
- App bugs
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
BlackLine is the Future!!!
- Automation
- Tasks
- Data Storage
- We need more flexibility with usage on portable devices
- Better responses to our BL Support Cases
- Less System Issues
Goes Beyond
- Automate
- Manage risk
- Drive efficiency
- APIs
You will get what you put in...
- Matching
- Amortization Schedules
- To me, It doesn't feel intuitive or as user friendly
BlackLine Financial Close Management
- Great customer service
- Application always works
- Many product offerings
- Getting data from ERP can be challenging
Recommend BlackLine!
- Workflow Management
- Visibility
- Easy of use/navigate
- Adding new entities into existing grouped account recs
- Bulk re-assignment of journal masters
- Ability to select specific journal masters to run to create child journals
Best in Class... from a 4x customer
- Reporting is dynamic and user friendly
- Matching is sophisticated enough to shave off hours
- Auto-Reconciliation is a lifesaver
- Journals could be a little more intuitive and robust
- Would love to see more APIs, particularly with Yardi or customizable for any ERP
- Embed AI for all customers to use across the platform entirely- not just for journals or matching
User Friendly
- system prompt details error message when something not right
- time saving and less hassle when using batch upload function
- produce accurate result
- system respond speed is slow when perform financial adjustment
- it take time to run when switching from individual task to team task
- searching tool is slow to respond
The fallback will be the slow response from the system when searching the journal entries under department.
BlackLine Review
- Automated Journal Entries
- Auto-Certification of documents
- Account Reconciliation Approval Workflow
- Transaction Matching
- Training
- Use Case Examples
- More granular recorded videos
- Telephone Support
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.
Blackline
- Transform and enhance data
- Simplify processes
- Provide time savings
- More updates from the accounts grid view
- Ability to restrict sub roles by entity
- ability for users to use if then logic on import definitions
Good customer service
- Provides audit trail
- Allows us to store journals support and balance sheet recs on web
- Allows different approvals/preparers
- Ability to research any given journal without selecting the post month
- Ability to bulk certify tasks as reviewed
- Ability to provide tailored review comments when rejecting journals
You can add validation checks that might not be possible in the existing ERP system and tailor this as required - although testing is required.
Excited to keep on the automation journey with Blackline!
- Blackline has great customer service and support.
- Blackline provides great visibility of key accounting functions
- Blackline allows standardization and visibility of finance and accounting tasks and processes.
- I’d like to see the learning paths in Blackline U be more intuitive.
- I’d like to see further Essen of use in Blackline in designing reconciliation templates
BlackLine is your best friend!
- Reconciliations
- Journals
- Matching
- Tasks
- Dashboard Training
- Reporting save functions for preparers
Feedbacks on Blackline
- It can store and organize documentation required for compliance.
- It can flag unusual transactions for further investigate.
- It can connect with systems like SAP to pull financial date directly.
- Details explanation of the error when validate the transactions can be provided rather than a short error code or phrase that can reduce the time used for fixing the transactions.
- It could invest in more comprehensive training resources to minimize the time it takes for user to become proficient users of the platform.
- Improving the ability to handle non-standard transactions or exceptions that can enhance its effectiveness.
Great product with capability to transform
- Transaction matching
- Journal Entries
- Account reconciliations
- It would be nice if it was easier to modify/ customize the fields shown when you select an item on your dashboard.
- I wish the dashboard refreshed automatically once an item was marked completed
- Greater visibility over different time periods
Stay on Track with Blacklne
- Task tracking
- Central location for auditors to access info
- Recon templates to track amortization
- Would like to be notified when tasks are ready for review
- Need more visibility into what templates are available and how they work best
- Would like to have a way to force preparers to review system certified recons at least 2x a year
BlackLine's automation capabilities are a great value-add
- Cash matching automation
- standard format and control for account reconciliations
- Fixed Asset and Depreciation account reconciliation template
- More user friendly administrative functions
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.
Easy to use, huge time saver
- Ease of Use
- Responsiveness to changing accounting landscape
- Helpful support function
- Full implementation can be cumbersome and involves IT