BlackLine review.

We use BlackLine for 3 main purposes. First we post our Journals via BlackLine into our main accounting system, we also reconcile our Balance Sheet accounts and and keep track of our reoccurring tasks.

The added value of BlackLine comes out at two places: firstly when we post a journal it has additional requirements, that the main accounting system doesn't. Therefore, it helps us mitigate issues, mismatches later on. Moreover we don't enter everything manually, but in a centralized upload file. Which contains the backup documentation of our postings making the reconciliation process is easier. Additionally we are able to set up reoccurring journals that are being posted at set intervals.

The monthly reoccurring tasks and SOX requirement tasks are being monitored and reviewed via BlackLine. The fact that BlackLine sends a reminder every Monday for the unprepared tasks when you are overloaded helps keep everything on track.

Employees who have been with the team for a longer time initially needed more time to get used to the new rules, system. However, after the initial setbacks the overall quality of work increased. Overall balance sheet accounts are clearer, reconciliations also clearer, write offs become more rare after an initial surge.