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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
  • Tasks feature
  • Integration with SAP
  • Reconciliations easy and clean
  • Fast
  • allows me to manage my time efficiently
  • Improve Variance analysis to be more user friendly without need of downloading in excel
  • Integrations with other tools like ReconNet - Trintech product for Credit Cards recs
  • More flexibility in the grouping - sometimes groups done by currencies left me with more recs to complete
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Account Reconciliations
  • Journal Entries
  • Tasks
  • Would like to have some out of the box examples on how to automate journals
  • Need to have a easier way to put custom screens/data on the home screen
  • Would like to have the ability do more on the mobile app
Score 10 out of 10
Vetted Review
Verified User
  • Reconciliations can be set up in many different ways, however you need, and is very easy to use.
  • Tasks have made it so we always know where we are at as individuals and as a team. If someone is behind, we can view that, and someone can jump in and assist when necessary. A very team-friendly addition.
  • The journal entries function is a great process as there is a definite separation of duties and an audit trail that cannot be edited, which can be provided upon request. When it can be set up to automatically "speak" to your accounting system, the process is even better as there is limited manual touching.
  • I have not found the customer community to be as helpful as we were told it would be.
  • When setting up our Matching abilities, we did not have a team big enough to have one or two people 100% focused on that set up and it took longer than we anticipated because of that. It was understandably upsetting/frustrating for the BlackLine set-up team, but it should have been something they were aware of as it was explained that we had limited staff and could not give 100% to this project until it was complete. We were able to give them a small amount of time each week.
  • Deleting/removing tasks or duplicate reconciliation accounts is not always easy to do, and requires someone with quite a bit of knowledge of the admin side to walk someone through it.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Connecting to SAP
  • Automating recurring manual steps
  • Visibility to leadership
  • Less time spent initially acting upon tickets
  • Better connectivity with ERPs other than SAP
  • Provide a list of choices for generally requested customizations
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Scalability to be able to start small and then continue to expand the use of BlackLine with additional modules
  • The implementation process is smooth and it is nice to have dedicated support throughout the process
  • Customer focus of hearing what users want to see for future products
  • It is a bit daunting to implement at first
  • Change management with internal Finance teams
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Customer Support is AMAZING
  • Everything is user friendly
  • BlackLine cares about listening to customer's needs.
  • Daily certification!
  • Being able to maintain seeing the reconciliation while entering a comment.
  • User groups for industries (financial institutions)
September 18, 2023

BlackLine

Score 10 out of 10
Vetted Review
Verified User
  • Account visibility
  • Efficiency
  • Automation
  • More information to the users of all the BlackLine capabilities
September 18, 2023

Love BlackLine Recs

Score 10 out of 10
Vetted Review
Verified User
  • no need for spreadsheets
  • Easier way to find an answer in the Community center. I ask a question and see a lot of customer comments, and but I'm looking for the instructions to do something.
September 18, 2023

Recommend BlackLine!

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • Workflow Management
  • Visibility
  • Easy of use/navigate
  • Adding new entities into existing grouped account recs
  • Bulk re-assignment of journal masters
  • Ability to select specific journal masters to run to create child journals
September 18, 2023

Blackline Basics

Score 8 out of 10
Vetted Review
Verified User
  • User Friendly
  • Provides Optimal Resources
  • Allows management team to orchestrate seamless month end closes
  • Live user support
  • Providing relatable user cases for a company
  • Helpful user hints within each interface (instead of within community)
Naomi Garcia, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Reporting is dynamic and user friendly
  • Matching is sophisticated enough to shave off hours
  • Auto-Reconciliation is a lifesaver
  • Journals could be a little more intuitive and robust
  • Would love to see more APIs, particularly with Yardi or customizable for any ERP
  • Embed AI for all customers to use across the platform entirely- not just for journals or matching
September 15, 2023

Great product

Score 9 out of 10
Vetted Review
Verified User
  • Audit Trail
  • Attaching documents
  • Template Layouts
  • Amortizable Schedule
  • Reporting and Dashboards are customizable to certain extent
  • Pricing and all inclusive pricing and cost per user
September 15, 2023

User Friendly

Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • system prompt details error message when something not right
  • time saving and less hassle when using batch upload function
  • produce accurate result
  • system respond speed is slow when perform financial adjustment
  • it take time to run when switching from individual task to team task
  • searching tool is slow to respond
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