BlackLine Financial Close Management streamlines accounting processes, ensuring accuracy and compliance. While the platform's setup may be time-consuming, its ability to automate complex financial workflows saves time and reduces errors. It is a valuable tool for larger organizations managing frequent financial closes.

BlackLine Financial Close Management Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

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What Is Blackline Financial Close Management?

Overview

BlackLine Financial Close Management software is a cloud-based platform designed for accounting and finance teams across various industries. It provides solutions for automating and optimizing the financial close process, helping organizations reduce manual workloads, improve accuracy, and ensure compliance. BlackLine targets problems such as inefficient reconciliations, inconsistent financial reporting, and time-consuming audits. Its automation capabilities help streamline repetitive tasks and enhance overall transparency.

Blackline Financial Close Management Pricing

Blackline Financial Close Management cost will differ depending on your organization type and needs. Users can get pricing for the plan that best suits them.

Blackline Financial Close Management Integrations

The software seamlessly integrates with multiple third-party applications, including:

  • SAP
  • Oracle
  • NetSuite
  • Microsoft Dynamics
  • Sage
  • Acumatica
Watch a free Blackline Financial Close Management demo to learn more about its integrations.

Who Is Blackline Financial Close Management for?

The software is designed for businesses of all sizes across various industries and sectors, such as:

  • Banking and financial services
  • Consumer products and services
  • Energy and raw materials
  • Retail
  • Manufacturing
  • Healthcare
  • Technology, media and communications

Is Blackline Financial Close Management Right For You?

Recognized as one of the leading solutions in its space, BlackLine is widely adopted by enterprises looking to modernize their financial operations and maintain control over complex accounting workflows. The software increases agility, removes bottlenecks and focuses on future growth. It is scalable and secure, and counts amongst its many customers Hersheys, ebay, Philips and Zurich.

Still not sure if Blackline Financial Close Management software is right for you? Get in touch with our customer support team at (661) 384-7070, and it will help you make the best decision.

BlackLine Financial Close Management Features

This feature automates the process of verifying account balances, ensuring accuracy and consistency across financial statements. This reduces manual effort, speeds up reconciliation tasks, and minimizes errors.

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The software helps organize and assign financial close tasks, providing clear visibility into deadlines and progress. It ensures that all team members stay on track, improving accountability and ensuring the timely completion of critical accounting activities.

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Transaction matching automates the comparison of large volumes of transactions, identifying discrepancies between data sources. By streamlining this process, it reduces time spent on manual matching, boosts efficiency, and enhances the accuracy of financial records.

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BlackLine automates the creation, validation, and posting of journal entries, reducing the risk of manual errors. This ensures consistency and compliance with accounting standards, while simplifying the process of tracking and auditing journal entries.

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The software leverages automation and real-time monitoring to streamline the entire financial close process. It provides actionable insights, improves accuracy, and reduces close times, enabling finance teams to focus on high-value tasks and ensuring a smoother, more efficient close.

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Pros and Cons of BlackLine Financial Close Management

Pros

  • User-friendly interface
  • Improves audit readiness
  • Strong customer support
  • Customization options to fit unique needs

Cons

  • System updates may be delayed, according to some software users
  • Complexity for new users
  • Slower performance with larger datasets

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.