Last Updated
Overview
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.
Overall Rating
Based on 18 users reviews
4.3
Rating Distribution
Positive
89%
Neutral
11%
Negative
0%
Starting Price
Custom
BlackLine Financial Close Management Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
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
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
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
BlackLine Financial Close Management Real-Time Analytics
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.
BlackLine Financial Close Management Compliance Management
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.
BlackLine Financial Close Management Centralized Data Management
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.
BlackLine Financial Close Management Transaction Matching
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.
BlackLine Financial Close Management Smart Close For SAP
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.
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
Total 18 reviews
4.3
All reviews are from verified customers
Rating Distribution
5
Stars44%
4
Stars44%
3
Stars6%
2
Stars6%
1
Stars0%
Share your experience
Accounting, 1-10 employees
More than a year
“An awesome tool for monthly reconciliations.”
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.
Rating Distribution
Ease of use
9
Value for money
9
Customer Support
8
Functionality
10
Leisure, Travel & Tourism, 51-100 employees
More than a year
“Great software for automating accounting processes.”
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.
Rating Distribution
Ease of use
8
Value for money
5
Customer Support
7
Functionality
7
Accounting, 101-500 employees
Less than a year
“Honestly, not a fan of this.”
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.
Rating Distribution
Ease of use
7
Value for money
7
Customer Support
7
Functionality
10
Frequently Asked Questions
Does Blackline Financial Close Management offer an API?
Yes, Blackline Financial Close Management offers API.
What language does Blackline Financial Close Management support?
BlackLine Financial Close Management supports various languages including; English, Spanish, French, German, and Chinese.
What other apps does Blackline Financial Close Management integrate with?
BlackLine Financial Close Management integrates with various platforms such as SAP, Oracle, NetSuite, Microsoft Dynamics, Acumatica, Quickbooks, and Sage.
Does Blackline Financial Close Management support mobile devices?
BlackLine Financial Close Management supports Android and iOS devices.
What types of pricing plans does Blackline Financial Close Management offer?
The vendor offers custom pricing plans that are tailored to suit business needs and requirements. For a personalized BlackLine Financial Close Management cost, get in contact with our support team today.
Who are the typical users of Blackline Financial Close Management?
The typical users of BlackLine Financial Close Management are those in the banking, manufacturing, retail, technology, construction, and Insurance industries.
What level of support does Blackline Financial Close Management offer?
BlackLine Financial Close Management offers phone support, email, chat, FAQs, and a knowledge base.