Blackline system is a unified place where users, preparers, approvers and reviewers come together to make sure that the data reflected in Blackline system clearly represents the subtotals in the General Ledger. It is a wonderful upgrade from performing account reconciliations manually in Excel spreadsheets. In the old way, a lot of the reconciliations would get lost and since no one stored them electronically, there would be no way of obtaining the originals. Thankfully to Blackline, all the information is stored online and is accessible by everyone at any time of the day. This makes preparing, approving, reviewing and analyzing data extremely easy for all the users.
It is a fantastic upgrade from performing reconciliations by the use of only Excel spreadsheets. This is a great improvement, which allows this system to always have the most up to date information on file. Blackline allows for easy and seamless operations, making audit reviews much easier then before. The following are just a few benefits of utilizing Blackline system:
Ensure balance sheet completeness and accuracy.
Centralize and standardize the month-end close.
Automate manual processes and optimize time.
Unify intercompany accounting for global alignment.
- Ensure balance sheet completeness and accuracy.
- Centralize and standardize the month-end close.
- Automate manual processes and optimize time.
- Unify intercompany accounting for global alignment.
- Orchestrate and automate GL close activities.
- More user friendly site
- Too many buttons to click to submit a reconciliation for approval
- Training available on an easy accessible platform
Blackline is well suited for Balance sheet reconciliations. It allows for any user to have access to all the different types of accounts in one unified system. This aids in audit concerns since all of the supporting information gets uploaded in a timely manner upon preparing the reconciliations. This system allows for faster approvals and reviews since all of the information related to various accounts can be found in one location.