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…
BlackLine Review
amazing we want more
BlackLine is a great product and highly recommend
I am not sure I want to work without BlackLine ever again.
BlackLine Goes Above and Beyond
BlackLine helps us streamline processes
BlackLine is the best!
Reporting and Insights!
Excellent Product!
Your Intercompany Partner
BlackLine - Reducing Manual Effort
Closing the Gap Between F&A and Technology
BlackLine is the Future!!!
Goes Beyond
How BlackLine Differs From Its Competitors
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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
- 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
Pricing
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.
- 7.6Financial data consolidation(25) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 8.4Journal entries and reports(41) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 8.9Multi-currency management(28) Ratings
Ability to handle foreign currency conversions during consolidation.
- 8.6Detailed Audit Trails(51) Ratings
Tracing changes to data and processes that were run.
- 8.9Customizable Workflows(35) Ratings
The ability to adapt the software to complete tasks in a particular order according to business needs.
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is BlackLine?
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 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
Comparisons
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Reviews and Ratings
(319)Attribute Ratings
Reviews
(1-2 of 2)Easy to use, huge time saver
- Ease of Use
- Responsiveness to changing accounting landscape
- Helpful support function
- Full implementation can be cumbersome and involves IT
- Reliability - all features have been designed with accountants in mind
- Journal entries and reports
- 90%9.0
- Detailed Audit Trails
- 90%9.0
- Reconciliation Automation
- 100%10.0
- Less time spent on the monthly close.
- Less errors in manually maintained spreadsheets
- Online training
- 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.
- 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.
- Product Features
- Product Usability
- Product Reputation
- Prior Experience with the Product
- Implemented in-house
- 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
- 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.