Partnership
In our company, BL supports many areas (SOX controls, audit, accounting). For so many units, I think it is very useful, especially for the management.
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…
Learn from top reviewers
BlackLine
Rating: 9 out of 10
November 27, 2024We are using Balance Reconciliation, Account Matching and Journal Entries, went live in Jun / Jul 2024. The BlackLine solution is very good, reflecting all our requirements an...
Verified user
Employee
1 year of experienceI recommend BlackLine
Rating: 9 out of 10
November 20, 2024BlackLine is used to monitor our close processes, account reconciliations, and task management. It is only used in our accounting department, but benefits the entire company b...
Christopher Boutros
Employee - Finance and Accounting
Senior Accountant/Financial Systems Administrator
Cypress Creek Renewables
3 years of experienceMy experience with Blackline.
Rating: 8 out of 10
September 19, 2024I use it for booking (JV), task certification during monthly closing, and task/document upload mainly for audit purposes (account reconciliation, SOX control, etc.). I need to...
Blackline review.
Rating: 9 out of 10
September 19, 2024We use it to submit reconciliations, SOX files, and booking automatization (we upload the booking to BL, and the booking is done in the local ERP system). BL is also used for ...
My BlackLine Experience!
Rating: 10 out of 10
June 12, 2024BlackLine is an essential tool for reconciliations for our company. We reconcile our credit card statements against our GL. BlackLine alleviates having to do the reconciliatio...
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How BlackLine Differs From Its Competitors
Awards
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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…
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- No setup fee
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Details
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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 automation solution. Rimilia's capabilities are now part of the BlackLine platform.
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 Introduction
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
FloQast, Oracle Fusion Cloud Enterprise Performance Management, and Adra by Trintech are common alternatives for BlackLine.
Reviewers rate Financial data consolidation and Detailed Audit Trails highest, with a score of 8.8.
The most common users of BlackLine are from Enterprises (1,001+ employees).
Comparisons
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Reviews From Top Reviewers
(1-5 of 253)
My experience with Blackline.
Rating: 8 out of 10
September 19, 2024
HV
Vetted Review
Verified User
1 year of experience
I use it for booking (JV), task certification during monthly closing, and task/document upload mainly for audit purposes (account reconciliation, SOX control, etc.). I need to use all views, approver (for others' JV approval or task approval), and reviewer (process flow check), but I mainly use the preparer view.
- We can easily find many data in the "controlling overview" function.
- JV uploads if all requirements are met, but the validation is also beneficial when we have failed JV.
- To do lists.
Cons
- On the home page I can see Team Assignments usually first time not My assignments.
- JV posting is slow.
- Many error emails about failed JV with the same context.
- We receive emails about task certification. Can we receive the list of reconciliations monthly?
- Posted/prepared JVs cannot be deleted from the to-do list (there is only one extraordinary case, where we had a BL issue and the JV was booked but without a Document ID).
Blackline review.
Rating: 9 out of 10
September 19, 2024
FF
Vetted Review
Verified User
3 years of experience
We use it to submit reconciliations, SOX files, and booking automatization (we upload the booking to BL, and the booking is done in the local ERP system). BL is also used for approving bookings and files. Also, there are tasks that are certified, e.g., during or after month-end closure.
- Journal Voucher booking.
- Reconciliations - account certification.
- Task certification.
Cons
- Loading time could be faster.
- System crashes could be minimized.
- It could be faster in general.
I recommend BlackLine
Rating: 9 out of 10
November 20, 2024
CB
Vetted Review
Verified User
3 years of experience
BlackLine is used to monitor our close processes, account reconciliations, and task management. It is only used in our accounting department, but benefits the entire company by ensuring that the data is accurate. We used to manage the close process in Excel which yielded no accountability and did not assure us that the work was getting done accurately.
- Easy to use UI.
- BlackLine system training.
- Automation.
Cons
- Not all fields have an audit trail.
- Financial Reporting is a separate module.
My BlackLine Experience!
Rating: 10 out of 10
June 12, 2024
AS
Vetted Review
Verified User
1 year of experience
BlackLine is an essential tool for reconciliations for our company. We reconcile our credit card statements against our GL. BlackLine alleviates having to do the reconciliations manually and allows us to deal with only the outliers that are not automatically matched by the software. We are looking to expand the scope of our use of the software beyond reconciliations and utilize the accounting tools as well as the many upcoming AI enhancements. Highly recommend to anyone that is still reconciling manually and wants to help automate this task.
- Reconciles two sets of data
- Identify Duplicates in uploaded data
- Ability to set up match sets of many different kinds of data
Cons
- It's not as easy to use as some other platforms
- Requires advanced training to be able to use at intermediate level
- It would be great if one can see their notes as opposed to having to click a link
BlackLine
Rating: 9 out of 10
November 27, 2024
Vetted Review
Verified User
1 year of experience
We are using Balance Reconciliation, Account Matching and Journal Entries, went live in Jun / Jul 2024. The BlackLine solution is very good, reflecting all our requirements and very intuitive and easy to use by the end users. Full integration with SAP 4 Hana•Time saved for BSO on reconciliation•Improved Accuracy•Better visualization for Management
- Project implementation with BlackLine team is going very smoothly
- Users are getting aware of the new functionalities quite well
- Our processes set up in the system
- Continuous Support from both Project and Post Go live teams
Cons
- Support from USA to Europe - should cover the CET business working hours and to be more flexible when new client has new requirements.
- We are facing serious performance issues after the go live. We should execute performance testing during implementation to try to avoid the current unpleasant situation.