BlackLine Account Reconciliations Rock!
November 23, 2020
BlackLine Account Reconciliations Rock!
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with BlackLine
We are a global telecommunications company. We have over 200 entities, and I have implemented account reconciliations in about 50 of these entities. Prior to BlackLine, we had zero visibility in some entities as to whether they were even doing account reconciliations. And there was no evidence of reviews, no centralized place to store them, and no standards or internal controls. It was all done in Excel totally manually.
- Maintain internal control so a preparer of a reconciliation cannot approve their own
- Maintains history of a reconciliation, providing the "full story" of the account
- Accessibility of BlackLine systems 24/7--I work in several time zones and we can all be on the same page
- Creation of customized reports is still a bit confusing
- Creation of dashboards is also still a bit confusing
- Reduction of audit fees due to auditors having full visibility of global entities
- Reduction of hours preparing reconciliations as the reconciliations roll forward from one month to the next
- Auto-certification feature lets the accounting team focus on the more complex accounts
We only looked at BlackLine, based on reputation and customer reviews.
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