Finance Transformation

In today’s highly complex global business environment, companies are constantly expected to do more with less, to run leaner while becoming more effective than ever. This is especially true for Accounting and Finance. They are now required to not only deliver periodic financial data and reports, but also real-time analysis and intelligence.

BlackLine’s Finance Transformation solution empowers accounting and finance leaders to gain full control over the financial close process by automating accounting workflows, providing a secure workspace to complete period-end accounting activities, and streamlining financial reporting.

Automation removes much of the complex, manual, and error prone steps inherent to dated accounting practices, and frees accounting departments to add more value to the business by shifting focus from processing transactions to analyzing them.

Our most comprehensive solution is designed for organizations to gain the maximum benefit of BlackLine. It provides a full range of automation and controls capabilities that enable organizations to leapfrog the traditional record-to-report process.

Over time, it creates clear visibility into accounting and business process performance to push continuous improvement.

Benchmark Report

Blackline Finance

Digital Finance Transformation

MAXIMIZE EFFICIENCY

Our intelligent automation functionality eliminates mundane, manual tasks and frees accountants to refocus on higher value activities. Teams can now work smarter, not harder, to meet the increasing demands for real-time accuracy.

EMBED ACCURACY

Centralizing and validating data in a single source, coupled with approval workflows and escalation and exception management automation, ensures accurate financial data to better equip leaders with the intelligence needed to make better decisions.

ELIMINATE RISK

Enhanced controls and standardized global finance processes ensure companies reduce the risk of misstatement and control failure, increasing financial statement integrity.

UNLOCK VISIBILITY

Organizations using BlackLine gain point-in-time visibility into financial results, ensuring everyone from individual contributors, to managers, to the CFO all see the latest results, in real-time — no more guessing.

MANAGE COMPLEXITY

Add the capacity to absorb increased business requirements as automation, control, and visibility combine to help scale productivity without sacrificing timeliness, consistency, or confidence in financial reporting.

Products & Capabilities

BlackLine streamlines and automates your financial close, integrating with your disparate financial systems every step of the way. It provides matching, reconciliation, and autocertification using configurable business rules, process and workflow management for reconciliations organized around accounts and transactions, and further individual close optimizations such as intercompany reconciliation, open items clearing, close management, and variance analysis.

Transactional Accounting

Transaction Matching

Automate detail-heavy reconciliations, such as bank reconciliations, credit card matching, intercompany reconciliations, and invoice-to-PO matching. Track open items and save time as reconciliations carry over from the previous

Journal Entry

Centralize journal entry management to control creation, review, and approval of journals with electronic certification and supporting documents. Automate pre-posting validation to catch entry or logic errors, ensure accuracy, and eliminate GL and subledger rejections.

Daily Reconciliations

Stay on top of key accounts by combining them to streamline the regular monitoring and verification of high volume accounts before the period end, and on a schedule of your choosing. Match multiple transaction data sources – bank, POS, GL, etc. – and address exceptions immediately.

Reporting, Analysis & Operational Integrity

Enhanced Reporting

Analyze accounting data when and how you want to with reporting functionality that enables users to build custom views, adjust filters, add/remove fields, and even pivot the results. Save custom reports, surface new intelligence, and provide strategic guidance to your business.

Insights

Optimize Finance and Accounting and continuously improve operations by comparing against benchmarks across industries, company size, and geography. Review and analyze period-end accounting performance within your company to optimize workload and outcomes over time.

Sandbox Environment

Make the most of your BlackLine investment. Test products, settings, and data imports and maintain change management compliance in a cloud environment thatmirrors, but is completely separate from, the BlackLine production workspace accounting teams are using every day.

Entity & Corporate Close

Account Reconciliations

Standardize the reconciliation process and enable consistent verification of the correctness and appropriateness of balance sheets. Quickly compare GL, bank, and other data, investigate discrepancies, and attach supporting documents to substantiate account balances.

Task Management

Manage accounting tasks across the organization, including reporting and reconciliation approval. Automatically certify tasks in a hierarchy when child tasks are complete. Control and track a variety of task types including close checklists, PBC lists, tax filings, and more.

Variance Analysis

Monitor and analyze Balance Sheet and P&L account balance fluctuations using rules to identify the accounts with balances that fall outside customer-defined thresholds. As a result, fluctuations can be investigated, supported, and explained when they arise. No surprises.
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