Intelligent platform to automate end-to-end Financial Close
November 09, 2021

Intelligent platform to automate end-to-end Financial Close

Brandon Smith | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with BlackLine

This effective and next-generation AR automation platform unleashes our working capital and collects cash also orchestrates and automates accounts receivable and intercompany accounting processes. This efficient and effective platform improves our financial close accuracy by giving our accountants a streamlined way to check the accuracy and appropriateness of their balance sheets. Its account reconciliation features automate and streamline our reconciliation process to provide highly qualitative and accurate financial statements. We have been using this unified cloud solution in our accounting and finance department to automate our financial close. Above all, it is extremely important to our company.
  • Its big advantage is that it enables data sharing between products on the platform, by eliminating the need to move data across or through other platforms.
  • BlackLine provides a paperless accounting and financial process.
  • The best thing is that it prepares, documents, reviews, and approves monthly journal entries, account reconciliations, and other associated tasks automatically.
  • It performs reconciliations with operational efficiency.
  • One thing that I disliked is that It's hard to maintain a large number of tasks.
  • The process of creating custom reports is a little bit confusing.
  • Audting.
  • customization of platform.
  • Integration APIs.
  • Our organization manages our whole accounting and financial lifecycle in this one unified, secure, and efficient system, as well as easily receiving a wider picture of tasks and processes.
  • It completely automates our intercompany reconciliation and bank reconciliation process as well as eliminates the need for excel.
I
found this tool truly helpful and best as it meets our organization's all needs
fully. The best thing is that it streamlines account reconciliations by
centralizing all data in one location. Now our managers can easily maintain
track of the monthly financial closing procedure efficiently that is why I took
this tool among others. I also tried the other two tools but according to our
requirements, BlackLine is the best solution ever.

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

It
is well-suited for all types of enterprises and the financial services
industry. I recommend this tool to every
company due to many reasons like it manipulates false requests and restricts
users to changing account balances. It offers centralized storage for
reconciling items and supporting data by saving our money and time.