More transparency into close processes for this Controller
May 31, 2022

More transparency into close processes for this Controller

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with BlackLine

We complete account reconciliations, track tasks, and perform variance analysis in BlackLine. It has provided a centralized repository for information that was previously in many different locations and formats. It has also provided more transparency into the timeliness and completeness of these tasks. When we experienced turnover in staff, it was a great tool to reassign tasks and instructions to others.

Pros

  • Identifies whether tasks and reconciliations are performed based on the frequency assigned.
  • Provides good workflow between preparers and approvers.
  • Accurately identifies account variances requiring explanation based on multiple criteria.

Cons

  • We are still importing the data manually as there is not currently a PeopleSoft import tool available.
  • I understand that passwords will need to be changed more frequently in future.
  • Reconciliations
  • Tasks
  • Variance Analysis
  • During implementation, we identified some old items that needed to be addressed/corrected.
  • As the Controller, I have more comfort knowing that all accounts are reconciled and tasks are completed in a timely manner and can easily see it on the dashboard.
  • Some staff indicates that it is more work for them to perform reconciliations in BlackLine than complete in Excel, however, I believe we have opportunities to implement some additional efficiencies.

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?

No

Would you buy BlackLine again?

Yes

The BlackLine account reps have been very helpful and responsive. It is well-suited for Accounting departments that are not currently reconciling (key) accounts, have account purpose/policy documented, and/or have supporting documents stored in multiple locations.

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