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BlackLine

BlackLine

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…

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Recent Reviews

amazing we want more

10 out of 10
March 28, 2024
I use BlackLine (BL) for reconciliations - in my case I cannot integrate the tool for credit cards recs with BL for some reason. I would …
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Excellent Product!

9 out of 10
October 22, 2023
BlackLine will allow us to more efficiently and effectively complete account reconciliations. We will be able to more readily analyze our …
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Goes Beyond

9 out of 10
October 21, 2023
BlackLine helps Carlisle Companies automate financial close processes across a disparate Finance and IT landscape. It gives us better …
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BlackLine Works!

10 out of 10
September 27, 2023
We have many affiliates within the organization. While not all of them use BlackLine, I support the administration of the affiliates that …
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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

View all 5 features
  • Detailed Audit Trails (50)
    8.7
    87%
  • Journal entries and reports (39)
    8.4
    84%
  • Customizable Workflows (33)
    8.0
    80%
  • Multi-currency management (26)
    7.6
    76%

Reviewer Pros & Cons

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Pricing

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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…

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.

8.1
Avg 8.3
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Product Details

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.

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 Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android

Frequently Asked Questions

Reviewers rate Detailed Audit Trails highest, with a score of 8.7.

The most common users of BlackLine are from Enterprises (1,001+ employees).
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Comparisons

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Reviews and Ratings

(316)

Attribute Ratings

Reviews

(1-25 of 241)
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March 28, 2024

amazing we want more

Score 10 out of 10
Vetted Review
Verified User
Well suited for reconciliations of cash deposits from stores, amazing connection with SAP Hana fashion that allows me to save lot of time where reconciliation is already certified with no need to provide support for Audit purposes and for my reference if any adjustment is needed by using the Required adj reports. BlackLine improved my work life for month end activities by reducing my time spent on recs from 10 working days to 5 working days - a whole week !! love it
Score 10 out of 10
Vetted Review
Verified User
Incentivized
For my job I relay a lot of journal entry uploads. Until we brought BlackLine on, it was easy to load in SAP but all the other accounting and finance users could not get my backup easily without reaching out to me directly. BlackLine has given the ability to have this readily available to the others.
Score 10 out of 10
Vetted Review
Verified User
BlackLine has worked well for our companies, as we have a very old ERP system that is limited to what can be done within the system. Everything was done manually through Excel and binders to keep everything together, and each location had their own way of closing, so there was no consistency. It took longer to complete our close, and it created opportunities for a lack of separation of duties within the process. BlackLine has everything in one place, easy viewing of past months, strict separation of duties implemented (based on your specifications,) easy viewing for an auditor to get everything they need without a lot of hands on from the team, and works the same across all of our global locations, but in their local language and currency. BlackLine may not be a huge assist to those that have ERP systems that can handle doing the Recs, the JE's, the approvals, etc., all within its own system, as long as every location is on the same system. If they are all on different accounting systems, BlackLine can assist in providing consistency across all accounting locations, so processes can be the same no matter where they are located.
Seth Turner | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
BlackLine makes it easy to prepare and review reconciliations. It provides a summary of what is complete and what is remaining, giving management a quick complete snapshot of progress. In addition, the amortization schedule functionality streamlines the reconciliation process and provides an easy-to-read summary. BlackLine has streamlined our close and post-close processes giving our teams more time to focus on more value-adding.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
BlackLine is suited for automating mundane tasks and streamlining processes. For example I used to have to manually tie out Excel balance sheet recs to the TB. It was time consuming but necessary to ensure we were within our controls. Now with BlackLine we don't have to do the tie out as it's all automated with the system. Also if a rec is certified but the balance changes after the system will automatically notify the preparer which prevents us from having a higher risk of unreconciled balances.
October 22, 2023

Excellent Product!

Score 9 out of 10
Vetted Review
Verified User
I think BlackLine will provide amazing insight and efficiency to any mid-size or larger company across the world. Many companies do not realize their inefficiencies and BlackLine can provide them a way to more easily succeed. Even companies that think their processes are perfect would stand to give BlackLine a run.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
BlackLine is a one-of-a-kind tool in the market. It helps not only with managing IC transactions but also with identifying potential data issues that can help improve data quality and processes upstream.
September 18, 2023

BlackLine

Score 10 out of 10
Vetted Review
Verified User
In my opinion, BlackLine is great if a company wants to improve visibility, reconciliation efficiency, management and overall organization of all things finance in one place. I think it would be less appropriate if the company is small and there wouldnt be much efficiency because of low volume.
Score 9 out of 10
Vetted Review
Verified User
In my experience, you will get what you put into BlackLine. I used to work with BlackLine in a previous role and it was only used to do reconciliations. It kept a good record of what makes up your GL balance and is easy to attach and find documentation pertaining to your rec. Upon joining this new organization, which utilizes BlackLine to a greater capacity, it's clear to me that if you are willing to dedicate the time and effort to utilize BlackLine, it can be an efficient tool. We use this now to record amortization, so we only have to make the initial entry.
September 18, 2023

Love BlackLine Recs

Score 10 out of 10
Vetted Review
Verified User
Unfortuneately, we only use 2 modules but are excited about the other modules the BlackLine has to offer and we think would be a great fit, like matching.
September 18, 2023

We love BlackLine!

Score 10 out of 10
Vetted Review
Verified User
Incentivized
In my opinion, if you are still doing account reconciliations and variance analysis in Excel, you need Blackline!! You will not regret investing in this program. As long as your company/department is willing to change processes to become more efficient, this is a home run!
September 18, 2023

Recommend BlackLine!

Score 9 out of 10
Vetted Review
Verified User
Incentivized
Blackline is excellent at workflow management. We were printing journal entries, account reconciliations, and support, and routing for approval. Using BlackLine has completely eliminated this process.
Naomi Garcia, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
BlackLine allows us to have a more comprehensive and trustworthy insight to our financials which is essential to our public parent company. However, I would love to see BlackLine integrate more seamlessly with Yardi and other ERP systems to continue to mitigate risk with file transfer automation. The dashboards are also very intuitive for most users, however I would love to see interactive dashboards for system admins as well
September 15, 2023

User Friendly

Score 8 out of 10
Vetted Review
Verified User
Incentivized
BlackLine is a good tool help to reduce error when posting financial adjustment. The approver can clearly see all the supporting documents and related entries which certainly help to reduce time to find it manually.
The fallback will be the slow response from the system when searching the journal entries under department.
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