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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…
Recent Reviews
How BlackLine Differs From Its Competitors
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Popular Features
- Multi-currency management (28)8.989%
- Customizable Workflows (35)8.989%
- Detailed Audit Trails (51)8.686%
- Journal entries and reports (41)8.484%
Reviewer Pros & Cons
Digital Delivery Manager Finance
Coca Cola Hellenic (Consumer Goods, 10,001+ employees)
Pricing
N/A
Unavailable
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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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 Multi-currency management and Customizable Workflows highest, with a score of 8.9.
The most common users of BlackLine are from Enterprises (1,001+ employees).
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Reviews and Ratings
(319)Attribute Ratings
Reviews
(1-5 of 5)Companies can't remove reviews or game the system. Here's why
September 13, 2023
Excited to keep on the automation journey with Blackline!
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!
- 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
- Centralization of documentation and processes
- Visibility of Account Reconciliations and Tasks
- Fresh view of old processes
- Blackline assists Continuity and turn over
80%
8.0
- Blackline is moving our company to our goal of visible reconciliation of all balance sheet accounts.
- Blackline is in the way to help us streamline our annual financial audit.
Blackline has been an invaluable partner in improving our mindset and actions toward more modern and technical processes and solutions.
I am not familiar with other solutions similar to Blackline.
8
Controller and Accounting roles
8
Accounting and Finance IT skills.
- Reconciliations
- Tasks
- Variance Analysis
- Blackline is assisting in turn over planning and knowledge/experience transfer
- Blackline is changing the way we look at work organization and planning
- Matching and Journal entry modules are interesting in moving toward further automation.
No
- Product Features
- Product Usability
- Product Reputation
The most important factor was usability and the benefits/modules offered.
No, we are happy with the results and process.
- Implemented in-house
- Third-party professional services
Liz at Integrated Financial.
Yes
1. Determine structure of which fields of our Chart of Accounts to Bring in and training on Blackline.
2. Testing in the Sand Box environment
3. Launching into production
2. Testing in the Sand Box environment
3. Launching into production
Change management was a big part of the implementation and was well-handled
We learned that being open minded yielded better results and that the change management journey is ongoing.
- Changing processes and assignment of tasks and reconciliations
- Encouraging others to see the longer term benefits of the changes and additional work
No we utilized an implementation consultant. Once we implemented we haven't had the need for additional support yet.
Yes
Yes
The Blackline community is helpful and supportive in a few issues that we've had with dates and variance analysis An upgrade fixed the comparison periods that we needed in variance analysis and now we used Variance analysis for Q1 2022.
- Auto Certify is an amazing function in Reconciliations
- Embedded Task checklists are useful
- Variance Analysis is a useful tool for consistency and decreasing errors by bringing balances in automatically without re-entering balances into Word as we did previously.
- The most cumbersome piece currently is not having an automated transfer from our GL into Blackline.
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.
- The ability to determine which reconciliations should be auto-certified and the reasoning behind the decision.
- Prepaid reconciliations and automation of the monthly journal entries.
- Creation of automated journal entries from banking data in a high-volume environment.
- Decertification of completed reconciliations when GL balances change and the communication of such.
- Importing set up data for automated journal entries is missing. When ADJs are similar you have to go through the entire setup of each.
- Could use a daily summary e-mail to notify the status of month-end close combining separate areas of function.
- The user interface is wasting a tremendous amount of space for users with wide-screen monitors. Scrolling is a constant within the system.
- Some tasks are to perform journal entries (even automated) so a link between the two would help rather than certifying in separate places.
- Account Reconciliations
- Automated Journal Entries
- Transaction Matching
- Tasks
- Reporting
- Timeliness of the close process and certification mitigating deficiencies.
- Time-saving of prepaid reconciliations adding new items and the creation of monthly automated journals flowing back into the accounting system.
- Performing daily bank reconciliations with matched transactions saving two days over the previous manual process.
- Knowing that the organization is on the same page on how processes within BlackLine are being performed.
We did not evaluate other products when implementing BlackLine. The decision was made primarily by our Financial Controller who used BlackLine at a previous company.
20
Primarily accounting. Anyone who performs or reviews a rec, task, or journal.
2
The Director of Financial Systems is the subject matter expert for BlackLine and we identified one of our Financial Controller as the champion. Those roles are responsible for making BlackLine a success in the organization by making sure training and support are available and that the system is used to its fullest.
- Solving a previous significant deficiency
- Getting a handle on the close process and the ability to summarize and report the flow.
- Saving users time by automation
- Auto-certification of reconciliations where the balance is zero or did not change.
- Utilizing external data to automate journal entries.
- Variance module
- Additional automation of journals using data from front-end systems.
No
- Product Features
- Product Usability
- Product Reputation
- Prior Experience with the Product
The most important factor was that our Financial Controller previously used BlackLine and raved about what it could do for our organization. She wasn't wrong - the return within the first year saved countless hours and gave us confidence that our close process was secure.
In retrospect, I would have reviewed other products that could have made the timing longer but we were in a hurry to mitigate a significant deficiency.
- Implemented in-house
Yes
We initially implemented account reconciliations and tasks to mitigate a significant deficiency and then moved on to journals. After a few years which were impacted by the COVID shutdown, we started using transaction matching.
Change management was minimal
- Determining how we wanted the system set up and the process flow within the organization.
- Determining the level of the accounts that we wanted to reconcile. We have multiple dimensions flowing in our ERP so we settled on the Company and Account for rec purposes.
- Evaluating what we wanted to list in our Task module. We found that the checklist used by our SEC team for their flow did not function well and kept the entire checklist as one task within BlackLine.
- Online Training
We purchased premium support to make sure as we added more functionality to the BlackLine system we had the availability of all of their online training and direct support when we needed it.
Yes
We found an issue when importing data for our bank transaction matching testing. The issue was identifying and solved with three to four days and did not hold up our process.
During the COVID shutdown, BlackLine made sure that the staff we retained were provided unlimited training through their support center which included online training and virtual one-on-one training. This was extremely unexpected during a time when we weren't sure whether or not our Vendors could perform at the same level during the shutdown.
- Certifying reconciliations, tasks, or journal entries.
- Writing useful reports from the internal report writer.
- Running automated journal entries.
- Setting up automated journal entries from matching data.
- Initial set up of the BlackLine system and importing of general ledger data.
Yes, but I don't use it
January 25, 2022
Automation, Transparency, Accuracy and Controllable
Score 10 out of 10
Vetted Review
Verified User
My A&F teams have been using BlackLine for Account Reconciliation, Journal Entries, and Task Management for a little more than three years. It saves us tremendous time during the closing period, more accuracy, transparency and control. The experience I have had with BlackLine implementation consultants and BlackLine support team are remarkable.
- Great customer review makes it easier to convince the leadership to come on board
- Great user experience makes it easier to introduce new functionality to the team
- Unfinished products makes me hope more and better
- More fields available in the reporting functionality
- More visibility on account reconciliation template
- Account Reconciliation
- Journal Entries
- Matching
- Posting impact: streamlining
- Reporting impact: auto update with jobs
We are currently using AuditBoard over BlackLine Compliance. It is mainly due to Compliance was introduced to us after AuditBoard was already been implimented and used.
60
Accounting
2
problem solver, can navigate well with system, not an IT but more technical than most business persons.
- Reconciling balance sheet accounts
- Prepare journal entries with account validation rule, so no incorrect GL account should be posted to.
- Approval workflow assures every transactions are properly approved.
- Different journal templates assign to different users so they can use different accounting rules.
- We will utilize matching product to reconcile all other heavy load accounts.
No
- Product Features
- Product Usability
NA
I might try to negotiate the pricing to not be charged by user or to have free access to read-only user.
- Implemented in-house
No
Change management was a minor issue with the implementation
I would spend more time in helping each team choosing right template for their account reconciliation, and given more convincing reason to stop them from relying on excel template.
- Changing the specification because the changes made in the organization.
I do not know of premium support, but the current support I have is very efficient to what I need.
Yes
They inform me about the next release date that will fix the bug, and it did get fixed at the time they committed.
During the implementation of journal entries, the implementation consultant were able to work during non-business hours to meet our go-live date.
- account reconciliation
- Task
- Journal entries
- matching
Yes
The mobile didn't work at all. This is the only case I requested that Blackline were able to resolved. However, they will have a new mobile interface coming soon. So, I'm hoping that it will work well.
September 19, 2019
Quicker and more efficient closing process
Tasks and Reconciliations have been implemented across the organization. It allows us to better track the status of both those things. It has also allowed the company to better manage the close process as well.
- Blackline University for training is great.
- Tracking of status for tasks and reconciliations.
- Nothing we can think of at this time.
- We're expecting to have a very positive ROI.
I don't know what other companies were evaluated if any. There was high support of BlackLine from multiple individuals, so we went with it.
62
Accounting
3
Accountants
- Account Rec.
- Tasks.
- Matching.
- Journal Entries.
No
- Price
- Product Features
- Product Usability
- Product Reputation
High support from upper management.
I wouldn't change anything.
- Third-party professional services
ClearSulting
Yes
Tasks were completed first and then three rounds of reconciliations.
Change management was a big part of the implementation and was well-handled
- Figuring out how we wanted to structure our data in the system.
No
September 18, 2019
BlackLine brings Benefits
BlackLIne is being used globally for Reconciliations and Journals
- Ease of Navigation
- Enables Standardization
- Enables Centralization
- Audit trails of account settings
- Audit trails for table imports
- Journals user access setup should be integrated into User Grid
- Centralization
- standardization
- Visibility to data
None
3300
Global Finance
200
Knowledge of Local Finance
- auto certify inventory
- auto certify bank reconcilations
- auto certify fixed assets
- SOX signoffs by setting up zero balance reconciliations
- visibility of reconciliation numbers worldwide
- visibility of Journal entry number worldwide
- Transaction matching
- IC Hub
- Tasks
No
- Price
- Product Features
- Product Usability
- Product Reputation
n/a
- Third-party professional services
used KPMG for initial POC for reconcilaitons, then implemented in house
used Deloitte for initial POC for Journals, then implemented in house
used Deloitte for initial POC for Journals, then implemented in house
Yes
Change management was minimal
- new way of working
Yes
Yes
many during Journals implementation. Great response with Implementations consultant
Jaime Pelaez provides exceptional support at all times !
- certification workflow
- attachments
- comments
- validation table loads for Journals user setup
Yes
only works for approval of reconciliations right now- they need to expand this