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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
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 love this feature - it works fine with Cash recs . The tool I am using is ReconNet product from Trintech where the system talk between each other. I would be delightful if same can be used for the credit cards. I also have variance analysis and tasks to complete . I find variance analysis not much user friendly to navigate, I need to export in excel the figures in order to have a better picture. Really lovely the tasks feature instead that allows me to complete my job paying attention to deadlines and it's useful as reminder.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We currently use it for our tasks, account recons, journals, and hope to have variances turned on here in the next few months. These modules have helped us speed up the journal entry and approval process. It has also streamed lined our reoncs to a cnetral data base from being saved per user on multiple locations.
Score 10 out of 10
Vetted Review
Verified User
BlackLine has been a lifesaver for my finance team. There was some job transitioning after we had completed our setup, as two employees moved out of state. With a completely manual close process, we were at a 7+ day close. With two people gone, and no replacement for them provided, we were able to continue our close process with no hiccups, and even lowering the close to 4.5 days with the assistance of our BlackLine products. We use tasks to keep up with the differing tasks (monthly, quarterly, yearly, etc.). We use journal entries and are loving the separation of duties and audit trail it provides. We use reconciliations, which has changed my world, as I have over 300 recs a month to complete. With our account setups, it is not only able to reconcile the accounts that had no account activity for me to review, but it's also able to process my recurring and amortization items for me. We recently started using the matching feature and it has changed our 2-day cash reconciliation to a couple of hours. It worked so well, we implemented it at our foreign locations as well.
Seth Turner | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
I have been using BlackLine Financial Close Management for month-end close including Reconciliations, prepaid amortization schedules, and task management. This product has helped organize our month-end close processes throughout our company including subsidiaries. BlackLine has streamlined our close and post-close processes giving our teams more time to focus on more value-adding projects.
October 24, 2023

Reporting and Insights!

Amanda Lochtefeld, CPA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We utilize BlackLine for Account Reconciliations, Journal Entries and Tasks. We utilize various reports from the tool to evaluate performance and track key performance indicators. Additionally we rely on both manual and automated controls around the tool.
October 22, 2023

Excellent Product!

Score 9 out of 10
Vetted Review
Verified User
BlackLine will allow us to more efficiently and effectively complete account reconciliations. We will be able to more readily analyze our many accounts and even auto-certify some accounts. This will free up personnel to complete other tasks or conduct further analysis on other areas. Overall, our quality and assurance will go up.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I implement BlackLine for my clients and they use it to automate their various Close to Report processes, from recs to journals. BlackLine is a one-of-a-kind tool in the market. It helps tackle various intercompany pain points through a methodical, well-thought-out, end-to-end solution.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We are excited at the opportunities we have to implement BlackLine's Account Rec and Task Modules as a part of initial implementation as well as pursue future opportunities like Smart Close and FR Analytics. Our team is expecting to significantly reduce manual effort so we can repurpose our team to focus on improving our deliverables as a finance function and focus on more value-added analysis work.
Angelique Peltier | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
We use transaction matching in BlackLine to reconcile our fiduciary bank accounts. BlackLine has moved us out of the traditional Excel bank reconciliations and opened the door to automation. Our month-end close process for these accounts is more efficient than we ever imagined it could be, because of BlackLine.
October 21, 2023

Goes Beyond

Score 9 out of 10
Vetted Review
Verified User
BlackLine helps Carlisle Companies automate financial close processes across a disparate Finance and IT landscape. It gives us better visibility into the close process to manage risk and drive process improvement.
September 27, 2023

BlackLine Works!

Score 10 out of 10
Vetted Review
Verified User
We have many affiliates within the organization. While not all of them use BlackLine, I support the administration of the affiliates that use it. I am also encouraging the implementation of its use for those that do not. We primarily use Task Management and Account Reconciliations. We have rolled out the SAP Connector and are now training on Enhanced Reporting.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I am a reviewer of reconciliations and monitor monthly tasks to determine where we are on our close process. We needed a repository for all reconciliations and supporting documentation, as well as reportable data we can look at in a dashboard or report.
September 18, 2023

BlackLine

Score 10 out of 10
Vetted Review
Verified User
We currently use BlackLine to prepare account reconciliations and manage tasks. BlackLine helps us with efficiency in our account reconciliations and automating the process instead of having our team spend time manually reconciling. It has been a great time saver and has brought tremendous visibility to our accounts and processes.
Score 10 out of 10
Vetted Review
Verified User
We previously had a very manual process which was fully excel based. With the BlackLine tools, we have been able to modernize our accounting function and increase flexibility and automation within our department. We use BlackLine for account reconciliations, journals, transaction matching, intercompamy management, and AR automation.
September 18, 2023

We love BlackLine!

Score 10 out of 10
Vetted Review
Verified User
Incentivized
Blackline has helped eliminate so many of our Excel spreadsheets and manual close processes. This is one of the best software implementations I have been a part of. We continue to work with them to think about our processes in new ways and work toward more efficiency and automation. I cannot recommend this enough!!
September 18, 2023

Blackline Basics

Score 8 out of 10
Vetted Review
Verified User
[...] currently uses Blackline for its Task and Account Reconciliation Management. Blackline allows us to harbor month-end close tasks to manage close timing + centralize reconciliations for internal and external auditors.
Naomi Garcia, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
We currently use BlackLine to reconcile and manage more than 1m properties. Currently we are leveraging BlackLine to work through account reconciliations related to Construction, Development, Property and Fund accounting for our logistics real estate clients. We reconcile at the property level to allow us to see detail which can be complicated by the different phases of the real estate cycle. BlackLine allows us to have a more comprehensive and trustworthy insight to our financials, which is essential to our public parent company. Being able to report confidently in critical times is imperative to our continued success. Naturally BlackLine filled the gap!
September 15, 2023

Great product

Score 9 out of 10
Vetted Review
Verified User
I am currently the system admin. I create users, assign and redistribute users and build teams and organizational structure. I also use it by jumping in to prepare, approve or review as well train others how to use it.
September 15, 2023

User Friendly

Score 8 out of 10
Vetted Review
Verified User
Incentivized
Blackline was used to perform balance sheet reconciliation as well as posting financial adjustment during month end closing. It is user friendly system where system will prompt error message when incorrect data inserted. The batch upload template of the financial adjustment template save time and work in efficient way to reduce any potential mistake.
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