BlackLine Financial Close Management offers powerful tools to streamline financial operations and enhance visibility and compliance. However, it may not suit smaller businesses with limited budgets. Its features, like account reconciliations, transaction matching, and seamless ERP integrations, make it a valuable investment for finance teams focused on accuracy and efficiency.

BlackLine Financial Close Management Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

View All Specifications

What Is Financial Close Management?

BlackLine Financial Close Management is a cloud-based system that simplifies and automates the financial close process for finance and accounting departments. The software is widely used across industries to improve operational efficiency by optimizing account reconciliations, streamlining journal entries, and maintaining balance sheet integrity.

This leads to a more efficient closing process while also giving businesses better visibility and control over their financial operations, replacing repetitive, spreadsheet-heavy work.

BlackLine Financial Close Management Pricing

The software pricing varies depending on your organization type and needs. Contact our support team now to get customized BlackLine Financial Close Management pricing based on your business requirements.

BlackLine Financial Close Management Integrations

The software seamlessly integrates with multiple third-party applications to improve functionality and assist finance and accounting teams, including:

  • SAP
  • Oracle
  • NetSuite
  • Microsoft Dynamics
  • Sage
  • Acumatica
Contact us to schedule a BlackLine Financial Close Management demo to get more info regarding the software’s integrations.

Who Is BlackLine Financial Close Management For?

BlackLine Financial Close Management software is designed for medium to large organizations in various sectors and industries. It is suitable for businesses with complex financial close processes, including:

  • Banking
  • Manufacturing
  • Retail
  • Technology
  • Construction
  • Insurance

Is BlackLine Financial Close Management Right For You?

BlackLine software is designed to support organizations of all sizes with its scalable solutions and robust security features. It helps businesses centralize data and finances, enabling them to efficiently manage their closing operations while ensuring secure processes.

The software also emphasizes security with industry-standard certifications, safeguarding sensitive financial data. Well-known organizations trust this robust security infrastructure to improve accuracy, ensure compliance and achieve financial close excellence.

Still unsure whether BlackLine Financial Close Management is suitable for you? Our customer support team at (661) 384-7070 can assist you in making the right choice.

BlackLine Financial Close Management Features

The software offers a real-time analytics feature that provides finance teams with immediate access to up-to-date financial data. It allows finance teams to act swiftly, responding to market shifts and making proactive adjustments for improved accuracy and compliance.

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It provides tools for tracking compliance tasks, handling audit requests, and ensuring regulatory adherence. With automated task tracking, real-time visibility, and detailed audit trails, it helps strengthen controls, enhance transparency, and streamline workflows, making audits and compliance processes seamless.

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BlackLine offers a centralized platform where accounting and finance teams can easily access, collaborate, and manage financial data. This improves overall workflow, reduces data silos, and enhances efficiency, ensuring that teams can make more accurate decisions and improve operational productivity.

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The software automatically matches transactions against predefined criteria, streamlining the reconciliation process. This feature quickly identifies discrepancies, which helps automate journal entries, improve financial reporting accuracy, and simplify complex financial close processes.

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BlackLine integrates seamlessly with SAP, streamlining financial workflows. It enhances data integrity by automating processes throughout the financial close. This integration helps reduce errors and ensures data accuracy, making the financial close process more efficient for SAP users.

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Pros and Cons of BlackLine Financial Close Management

Pros

  • The software improves collaboration among finance teams
  • It strengthens internal controls with automation
  • It provides real-time analytics and insights

Cons

  • Occasional performance issues, according to some users
  • Limited customization options in reports

BlackLine Financial Close Management Reviews

Overall Rating

4.3

18 Review(s)

Rating Distribution

5

star

(8)

4

star

(8)

3

star

(1)

2

star

(1)

1

star

February 2023

An awesome tool for monthly reconciliations.

Hank

Accounting

Ease of use

9

Value for money

9

Customer Support

8

Functionality

10

Pros

It was great to have all of our monthly reconciliations in one place.

Cons

Sometimes I find it difficult to assign tasks properly and quickly. I have faced these issues too often.

December 2022

Great software for automating accounting processes.

Anne

Leisure, Travel & Tourism

Ease of use

8

Value for money

5

Customer Support

7

Functionality

7

Pros

We used Blackline for two and a half years mainly for managing weekly and monthly tasks. The simple dashboard was quite helpful for our accounting work.

Cons

It lacks many features and its "to do list" needs improvement. Compared to other accounting software Blackline has fewer features.

December 2022

Honestly, not a fan of this.

Kelly

Accounting

Ease of use

7

Value for money

7

Customer Support

7

Functionality

10

Pros

The concept seemed fantastic in the start but I was not very much pleased after getting into it. I think it could be excellent if they improved the update frequency and overall usability.

Cons

While Blackline is connected to our primary accounting software, there is a major delay. For example, if I am reconciling an account in Blackline and notice a missing entry, I post it in the main software and then return to Blackline to reconcile. Unfortunately the update does not happen instantly like it can take a whole day or more. This delay can be quite problematic when deadlines are tight.

Frequently Asked Questions

Yes, Blackline Financial Close Management offers API.