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One Source for Audit truths
June 08, 2022

One Source for Audit truths

Stephanie Clevenger | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with BlackLine

We currently use Blackline to manage our account reconciliations, prepaid amortizations, some accruals, and some tasks. Blackline made tracking and managing our account reconciliation process much easier when we switched to remote work from home status. Having one trusted source for all of our reconciliations made our audits and SEC filings go swifter and easier. I personally like the function that allows the reconciliation submission and approval history along with all pertinent documents to be emailed directly from Blackline. This made my audit support response times significantly shorter.

We used the task function to manage the monthly close process for one of our divisions, it was very useful to have the audit trail of submissions and approvals for the various tasks done by remote employees. We are looking to roll out this capability to our full accounting group later this calendar year, to replace the various Excel spreadsheets were currently use.




  • acts as single source for audit trails
  • makes tracking status of outstanding items (tasks or recons) easy
  • gets rid of Excel sheets for prepaids and amortizable items
  • allows for the grouping of accounts as you need them beyond how your chart of charts has them grouped
  • their dashboards are a bit less than ideal
  • if you have many amortizable items in your recon looking up a specific one is not easy
  • also it is difficult to edit an amortizable item once it has been uploaded
  • account reconciliation management
  • prepaid and other amortization tracking
  • I do not know any hard numbers but our productivity has increased and our reconciliations are cleaner
I was not involved in the selection process

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?

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

I in fact recommended Blackline to a CFO at a med device start up because he was looking for something to "corral his month end JEs and recons". In a more remote work based world having a system like Blackline has gone from a nice to have to a must.

Using BlackLine

25 - All of our accounting group uses Blackline for our Balance Sheet reconciliations and amortizations. This includes - General Corporate accounting, Retail Revenue accounting, Payroll, Accounts Payable, and Treasury.
3 - We the have support from an IT system Admin, and 2 Admins within our accounting department - 1 System Admin and 1 Business Admin
  • account reconciltions
  • amortization tracking
  • audit support
  • we use BlackLine to help track our ASC 606 amortizable items
  • I am hoping we can fully implement the Task function to more streamline our month end process
Blackline has helped our organization to maintain cleaner and timelier reconciliations which has reduced audit response time and follow up questions.

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