BlackLine

BlackLine is used in the accounting department. We are using it to be more consistent with recons and tasks--stored in one location. This year we implemented and used the variance analysis component and it worked extremely well. It was convenient to have variances automatically highlighted and the analysts' comments in one document for review vs several.

We use BlackLine to reconcile our patient clearing account and to reconcile what comes in our deposits against what we post to accounts in our EMR. BlackLine allows us to better identify what has or has not been posted and to drill down at a granular level to find what is missing.

We use BlackLine as our primary software for all aspects of our close process. BlackLine makes it easy for us to group accounts and link Journal Entries to Tasks, and complete Reconciliations to find and correct variances prior to close.

We use BlackLine for month-end close process, creating journal entries, tasks, variances, and balance sheet reconciliations. Prior to implementing master journal entries, keeping up with prepaid entries was much more difficult, this has now become a much easier task. During close it was difficult to determine where the team was with journal entries, now I can look in BlackLine and see exactly what journal entries, tasks, variances, and reconciliations have been completed and which have not been completed. BlackLine makes it easy to review and certify or reject back to the user with a note. Over the past 10 years, BlackLine has made major improvements and has added different modules or systems to make our job much easier.

We currently use Blackline to manage our account reconciliations, prepaid amortizations, some accruals, and some tasks. Blackline made tracking and managing our account reconciliation process much easier when we switched to remote work from home status. Having one trusted source for all of our reconciliations made our audits and SEC filings go swifter and easier. I personally like the function that allows the reconciliation submission and approval history along with all pertinent documents to be emailed directly from Blackline. This made my audit support response times significantly shorter.

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.

At our firm, we are primarily using BlackLine to upload and track our reconciliations. We are using it more as a cover page for the final reconciliation of the accounts we use. All accounts are uploaded into BlackLine after being reconciled in Excel format. We then finalize them and upload the detail into BlackLine for when the auditors come in. It makes life so much easier to log into BlackLine, open up an account (from revenue, liability, or cash accounts) and click a link with all the details in the same exact format.

We use BlackLine to close each period (monthly). BlackLine helps us easily close our books and make journal entries efficiently. Everything can be viewed in one location by each member that needs to see it. This makes the process of approving and posting journal entries very simple. Since all our finance team members have access it makes our period close less time-consuming.

BlackLine is used by management to verify that the amounts for recurring entries match what should be in the reporting system. It is my responsibility to maintain these workbooks and ensure that adequate supporting documentation is uploaded to BlackLine to validate all entries recorded. It is crucial that consistency is applied amongst all reconciliations of a similar account in order to optimize our senior management's understanding when reviewing the accounts. BlackLine reconciliations include items such as audit fee payments, rent accruals, prepaid expenses/amortization, and detailed debt schedules, providing a breakdown of scheduled principal and interest payments. These schedules are then assessed monthly to ensure accuracy before being certified and reviewed by a senior.

BlackLine is used for journal entries, reconciliations, tracking tasks, and completing variances within our organization. It is a great platform for keeping all your accounting functions in one area and for storing and maintaining all accounting documents in a paperless format. Any issue that we have had has been addressed in a timely manner.

We currently use BlackLine for all aspects of our close process. We utilize the journal entries, tasks, reconciliations, and variance features in this program. BlackLine is able to talk to our accounting program, SAP, which is extremely important and helpful. BlackLine allows us to make sure our balance sheet and P&Ls are correct.

We use BlackLine as our primary software for reconciling all kinds of accounts that the company uses. We also use it to manage various types of tasks that our accountants complete. BlackLine makes the automation and reconciliation of everything so much easier, especially when dealing with a global company.

Currently, we use BlackLine to track monthly and quarterly tasks to ensure timeliness and accuracy for reporting purposes. Each month as tasks are completed by a preparer, items roll up to a reviewer to ensure the accuracy of monthly tasks are performed as needed. Also, as monthly tasks are completed Accounting team prepares reconciliations of activity to ensure items align to General Ledger balances.

We currently use BlackLine for reconciliations and are in the process of implementing it for task lists and variances. I am primarily a reviewer, and BlackLine provides me with one place to go to see the status of our team's work and deadlines. Previously, I had to navigate to many different locations. The workflow notifications streamline the review process, as I do not have to continually check to see when items are ready for review.

Our company uses BlackLine to prepare account reconciliations, and journal entries, upload internal control documentation and retain evidence of sign-off on controls and tasks. We also use the system to manage our closing process by running account reconciliation and passing adjustment reports.

We implemented Blackline in order to remediate 4 Material Weaknesses. We were able to remediate the material weaknesses within 12 months, we shortened close from 15 days to 7 days, we were able to manage our balance sheet account reconciliations appropriately, we were able to automate our amortization schedules. Blackline was instrumental in achieving these goals.

We implemented BlackLine in May 2017 after a significant deficiency in our Account Recs. We also wanted better clarity on the monthly, quarterly, and annual close and automation of our prepaid and other JEs. The initial installation included Account Reconciliations, Tasks, and Journal Entries. BlackLine made a huge impact in those areas within the first six months.

We use Blackline here at Ontrak for task and rec management. It is directly integrated with our ERP system which makes life super easy here at Ontrak. We wouldn't be able to live without it! We plan on adding the variance analysis module soon too. Implementation was a breeze and the pricing is awesome for such a great software that saves so much time and energy. It is also great for SOX and Auditors too!

We complete account reconciliations, track tasks, and perform variance analysis in BlackLine. It has provided a centralized repository for information that was previously in many different locations and formats. It has also provided more transparency into the timeliness and completeness of these tasks. When we experienced turnover in staff, it was a great tool to reassign tasks and instructions to others.

Currently, we are using BlackLine for task management with our close process. It helps organize our close checklist, keeps our team members on track during the close process, and allows us to have our review and sign-off in one place. It has taken a lot of manual work out of our process and has helped increase efficiency and speed up our timeline.

Our accounting and finance team currently uses BlackLine for task management and account reconciliations. Using just these two solutions we are able to streamline what once were very manual processes. The task management tool allows users to track outstanding tasks before and during the month-end close process, ensuring that we are recording all accruals and completing other items in a timely manner. The account reconciliation tool allows us to simplify our reconciliation process and have much more insight into balance sheet account balances.

We use BlackLine to automate account reconciliations, tasks, and variance analysis. It was easy to implement and has made our monthly and year-end close more efficient. It is easy for preparers and approvers to know what they need to do and by when management can see what the status of accounts is, and our auditors have everything they need without having to ask us. The use of BlackLine made our transition to remove work seamlessly.

We are just beginning the Automation journey and have implemented reconciliations and are working on tasks. We hope to add matching and journal entries after variance analysis. In the Black Conference is a great learning resource!

I do not currently use BlackLine, however, I used it at my previous two organizations. It was primarily used as a reconciliation and task management tool. I have also used the matching functionality for accounts receivable and cash reconciliations. BlackLine delivers automation to the close process via account balance updates for reconciliations. This provides increased automations and controls around the monthly close process.

We used Blackline for monthly reconciliations and close checklists, with plans to interface with Oracle/JE processing.

We use BlackLine to prepare account reconciliations, and journal entries, upload internal control documentation, and retain evidence of sign-off on controls and tasks. We also use the system to manage our closing process by running account reconciliation and passing adjustment reports.