What is BlackLine?
BlackLine Account Reconciliations automates and standardizes the reconciliation process. It drives accuracy in the financial close by providing accountants with a streamlined method to verify the correctness and appropriateness of their balance sheets. The application provides an intuitive workspace in which accountants can quickly compare data (ERP, bank, subledger, schedules, etc.), investigate discrepancies, attach supporting documentation and take required actions.
Benefits and Insights
Why use BlackLine?
Key differentiators & advantages of BlackLine
- Streamline the Reconciliation Process BlackLine provides accountants with an intuitive interface for performing account reconciliations that includes standardized templates, workflows for review and approval, linkage to policies and procedures, and integrated storage of supporting documentation.
- Drastically Enhance Internal Controls Maintain proper segregation of duties amongst accounting teams, allow auditors easy access to reconciliations, and add unprecedented transparency and visibility to the financial close process. The risk center also allows you to create ad-hoc queries against your dataset in order to manage your exposure.
- Improve Standardization and Quality Enforce standardization across the reconciliation process to improve quality and accuracy of financial data. Modernizing the approach to defining the account reconciliation process reduces error and inaccuracies so accountants focus on analysis, risk mitigation, and exception handling.
- Unified across the BlackLine Finance Controls and Automation Platform The BlackLine Finance Controls and Automation Platform is the world’s most trusted technology for finance and accounting automation. Account Reconciliations is a proven solution for finance and accounting teams to modernize their processes.
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