Item: BlackLine
Rating: 10
Author: Gurunaresh Molaganuru

Use Cases and Deployment Scope

Reconciliatin Automation and Helping clients to match large datasets

Pros and Cons

Prioritization of Reconciliations
Automation of reconciliation
Helping GL teams by creating the task calendar

Task Management and linking's with External applications
Smart close Cloud integration

Most Important Features

Reconciliations automations
Task Calendar
Smart close automation for SAP reports

Return on Investment

Time savings
Automation
Not having detailed audit trial is some where missing

BlackLine is User friendly which is major and attracts the end user easily to thier comfort.

As a whole when it comes to matching and task management its a quick win among the users because it just drives the process on its own.
AR helps with easy navigation and listing
Task management Given easy maintenance and end user listing which helps to track and monitor the close processes

Key Insights

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?

Yes

Would you buy BlackLine again?

Yes

Other Software Used

PeopleSoft Financials, HighRadius Autonomous Receivables, OneStream

Likelihood to Recommend

BlackLine is the best tool for the organizations who are looking for Finance transformation as whole. Tool is user friendly and helps the organization to visualize thier financial close process. Each module has its own benefits.

Account Reconciliation - Its a major change or benefit for organizations which is very strong with compliance and controls in terms of audits. the organizations which flips from Manual or sharepoint based reconciliations to cloud is one of the major change and gives more automations and time savings. Benefits just go on n on right from pulling balances, allocations of recs to users, frequency risk and so on.

Digital Transformation

Overall Satisfaction with BlackLine