BlackLine- Saving time
March 31, 2023

BlackLine- Saving time

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with BlackLine

Our Business uses a variety of BlackLine products, most notably Journals, Reconciliations, and Tasks. We are starting to implement cash app and variance analysis soon. BlackLine helps address the very manual processes we have and either completely automates them or automates part of them improving the efficiency. In my BlackLine experience and journey the best way BlackLine has improved my job has been with account reconciliations, specifically using their transaction matching product. This allows a bank reconciliation to be almost completely automated allowing a much faster and accurate close process. Matching goes much further than just bank reconciliations and we have slowly been implementing it into reconciliations that require a higher level of detail.
  • Transaction Matching
  • Automated Journal Definitions
  • Constant product improvement
  • Reporting functionality is hard to use within BlackLine
  • Email alerts are not detailed enough so they are not very helpful.
  • Transaction Matching
  • API
  • Journal Masters
  • By utilizing BlackLine we have reduced our average time it takes to complete a reconciliation by roughly 50%

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

BlackLine is a very good software that is always improving. It can be leveraged to create a drastic difference in your financial teams process. Not only does BlackLine help improve efficiency but it also enforces separation of duties improving the accuracy of the financials as everything requires a separate reviewer. BlackLine is also capable of using an API to extract data such as how far along your close process is or your banking data to get insight into all of your different bank accounts in one dashboard.

BlackLine Feature Ratings

Financial data consolidation
Not Rated
Journal entries and reports
8
Multi-currency management
Not Rated
Detailed Audit Trails
5
Reconciliation Automation
8
Close Checklist
6
Customizable Workflows
6