BlackLine, master of reconciliations and consolidation
July 24, 2024
BlackLine, master of reconciliations and consolidation
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with BlackLine
We use this software solution as a complement of the ERP. It mainly addressees the typical closing (month, year) issues. Examples of these tasks are: reconciliation, posting, filing of transactions.
The scope of usage of the software are all the companies within the consolidation scope that need to manage these accounting aspects that takes a lot of time, are a burden for the accounting team, and are prone to have mistakes.
The scope of usage of the software are all the companies within the consolidation scope that need to manage these accounting aspects that takes a lot of time, are a burden for the accounting team, and are prone to have mistakes.
Pros
- Intercompany reconciliations
- Bank reconciliations
- Creation of accounting postings
- File all the documents.
Cons
- Retrieval of past documents
- Identification of firms accounts
- Ease of usage to create postings
- Time saved by the accounting team
- Time to learn its management
- Manage the complexity and high volume of transactions
We choose BlackLine after we got to know them in several seminars and congresses. Since day one it was clear that the advantage to use this tool was going to be great, not only for our team but also for the work of our external auditors. It constitutes now a key tool for the closing tasks, giving a big degree of certainty.
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?
Yes
Would you buy BlackLine again?
Yes
Comments
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