Item: BlackLine
Rating: 9
Author: Verified User

Overall Satisfaction with BlackLine

Use Cases and Deployment Scope

We use BlackLine for account reconciliations and task completion initially in the accounting department. These two functions allow sign-off documentation to be performed and tracked in the cloud. They also enable real-time close status monitoring and automatic follow-up reminders. Further, data statistics can be collected which gives insight to improve financial close.

Pros and Cons

Pros

Automatic email reminders
Real-time certification/decertification based on data updates
Risk assessment of GL accounts by duration and reconciling items

Cons

User interface may be overloaded with too many features that deter users from leveraging all of their benefits
Setup can be labor intensive, especially for task completion
Difficult to customize in-scope reconciliation accounts to fit company specific requirements

Return on Investment

Speed up accounting close cycle by automating certain account reconciliations (auto-certify)
Provide insight to problem areas of month end such as time to complete certain GL account recons and tasks
Improve visibility and transparency on close status and progress

Partnership

The impact of Moderating Accounting Playbook, Accelerators, and Catalysts by BlackLine has been positive. Specifically, automated reconciliations reduce manual effort to filter in the in-scope GL accounts. The templates also guide users to leverage industry best practice as a starting point to process and document reconciliations. Dashboard summary also enables teams to identify bottlenecks and make adjustments to workflows.

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?

Yes

Did implementation of BlackLine go as expected?

Yes

Would you buy BlackLine again?

Yes

Other Software Used

Workiva, LeaseAccelerator

Likelihood to Recommend

Well suited:1) For companies with multiple subsidiaries or global operations, they can leverage BlackLine’s ability to centralize reconciliations and standardize processes across entities, enhancing visibility and consistency.
2) BlackLine excel in high transaction volumes due to its automation capabilities, which streamline matching and reconciliation of large datasets, reducing manual effort.
3) BlackLine can standardize and automate repetitive closing tasks, such as journal entry approvals, checklist management, and account certifications, ensuring timely and accurate close processes.

BlackLine Feature Ratings

Comments

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Amy Kelly
(Vendor Representative) commented 10 months ago
We are happy that you find BlackLine a solid choice for your financial close process. We appreciate your feedback on the interface and set-up. We'd love to hear more! You an reach us at customerconnect@blackline.com.

BlackLine - a solid choice for account reconciliations and task checklists