Best solution for accounting close automation
September 18, 2019
Best solution for accounting close automation
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with BlackLine
I implemented BlackLine at several companies where I was the head of the accounting close function. It is absolutely pivotal in streamlining the close process, cutting down close peak overtime and smoothing the close. The latest implementation was for task and reconciliations modules and cut overtime by 50% int he first month allowing the team to spend more time on analytics. Nest step for this company will be matching and variances which will further automate the process and fee more resources. One more thing to be said is that the centralized and standardized process and repository allows us to use a world-wide workforce without the strain of managing different processes and timelines - it is all on one schedule in one process.
- managing close timeline
- managing and standardizing reconciliations
- managing by exception by applying rules, then pointing out only items that do not conform so you can concentrate on that
- automating high volume reconciliations via the matching module
- in progress- new reports and dashboards - very hopeful as the pilot looks very good
- Cut down staff in HQ ( pays for itself instantly)
- Offshoring many peak close activities with increased visibility at HQ
- Automating many peak close activities
- Cutting down overtime and burnout (ROI is less turnover)
More mature, more robust, SOX compliant, secure, scalable, access control, multiple modules vs two
Do you think BlackLine delivers good value for the price?
Yes
Are you happy with BlackLine's feature set?
Yes
Did BlackLine live up to sales and marketing promises?
Yes
Did implementation of BlackLine go as expected?
Yes
Would you buy BlackLine again?
Yes