Use BlackLine to Gain Control Over Your Financial Close
December 06, 2024
Use BlackLine to Gain Control Over Your Financial Close
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with BlackLine
BlackLine allows for a full view of the financial close. Having a greater understanding of your processes will enable you to better automate, control, and manage all the the steps of the close process. Transaction matching helps with processing accounting data from external sources. Journals and reconciliations allows for better processing of ERP data. And tasks is an additional layer to help track what is done.
Pros
- Automate external accounting data
- Provides centralized process center
- Enables control over accounting data
- Ease of use for journals
Cons
- Adoption by organization
- Training for users
- Understanding value for management
- Barrier of Entry for understanding
- Cut down financial close from two to one weeks
- Reduce manual input errors
- Reduced manual processing issues
- Freed up accountants time to do more value added work
Using BlackLine has enabled our business to better understand accounting processes and data and provides a place to manage it from. After better understanding these items, better automation, controls, and training can be implement overall through BlackLine and through the organization. It also is very compatible with various software for additional workflow automation.
BlackLine has API connectivity that can be used with Snowflake for reporting management and Power Automate for additional workflow automations.
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
Comments
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