Tools for Accountants and Others
September 19, 2019

Tools for Accountants and Others

Stacy Amadi, CPA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with BlackLine

I don't believe Blackline is used across the board in my company. I know of some departments that use the products. My department uses transaction matching and reporting.
  • I use transaction matching and love it. My group handles the clearing accounts for deposits and withdrawals. Prior to November 2018, my team manually matched about 250K transactions in Excel. The process was cumbersome and often riddled with human errors that are sometimes difficult to track. My team can now run various match sets in way less time than it takes them to import data into Excel and scrub it down.
  • Automatic partial matching.
  • Partial matching is currently a manual process in BlackLine. As we move more towards automation, it will be nice to eliminate as much manual process as possible. I believe there's an opportunity in this area.
  • We went from 0% matching in BlackLine prior to the process changes in November 2018 to approx. 80% match rate in July 2019.
I was very satisfied with the CSL expert I worked with and the various tools I received from the breakout sessions during the conference.

Do you think BlackLine delivers good value for the price?

Not sure

Are you happy with BlackLine's feature set?

Yes

Did BlackLine live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of BlackLine go as expected?

I wasn't involved with the implementation phase

Would you buy BlackLine again?

Yes

Transaction matching works well when all related activities occur within the same period. It's a great tool for businesses with high volume transactions. The challenge occurs when transactions occur within two or more periods.