Overall Satisfaction with BlackLine
We utilize Blackline for managing month end close tasks and account reconciliations. We use the Matching tool to automate some reconciliations that are very manual and have a high volume of transactions. The account reconciliations help provide a snapshot of all reconciliations that exist, which are reconciled/not reconciled, etc. It has helped improve efficiencies in our close process as less time is spent on manual excel reconciliations. The tasks tool keeps us all accountable for the responsibilities we have and ensures we do not miss any critical steps in our close process.
- One central place for our reconciliations - we're able to see all of our accounts that have balances so we know what reconciliations we need to perform.
- Easy to navigate - each area is cleared labeled so there is less confusion on where you need to go for specific areas.
- Works real time with our NetSuite ERP - balances can refresh in a matter of minutes so we are always working with live data.
- More shortcuts on certain pages, i.e. Import Data will have an Import Status page link. Running match sets or using Import Definitions - would like a link to the Job Status page.
- Tasks have helped us determine when certain steps of the close process are currently done, which allowed us to evaluate if they can be done earlier in the close, resulting in a reduction of days to close.
- We are able to run reports to show upper management reconciliation status.
- By spending less time on manual reconciliations, we are able to shift our focus onto projects for upper management.
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Blackline has saved us time on our month end close and reconciliation process. Working with manual excel reconciliations in the past, we would not know if an account balance had changed since the reconciliation was last completed. Blackline works with real time data allowing us to know which reconciliations are impacted by certain late journal entries/adjustments. The Matching tool has helped greatly with our high volume reconciliations. Without it, we would be working with excel workbooks with hundreds of thousands of data lines which slows down performance of excel and increases likelihood of manual error.