BlackLine is a leading tool in financial control and automation that facilitates a modern approach to accounting. It empowers you to achieve continuous accounting by solving the challenges associated with manual & time-consuming processes, giving your team power and control over processes through real-time automation. 

  • Compliance

    Ever since the Sarbanes-Oxley Act (SOX) was passed in 2002, companies can't simply rely on external auditors, they are required to show their balance sheet reconciliation procedures. As a result, accountants have sought out ways to streamline what has typically been a very laborious manual process. By automating the reconciliation process with BlackLine, companies reduce the chance for error, increase efficiency while maintaining a clear and transparent audit trail.

  • Inter-Company Reconciliation

    Companies with multiple entities often end up with multiple cancelling entries that affect different business units. As the number of entities and transactions grows, the process to reconcile them becomes increasingly more difficult and burdensome. BlackLine makes it possible to streamline this process by auto-eliminating a large number of transactions, allowing staff to focus on the exceptions instead of working through huge lists of items in spreadsheets.

  • Shortening Month & Year-End Processes

    Month and year-end processes typically require extensive reconciliations to be done prior to closing. With BlackLine, many reconciliations are automatically performed and can be set up to be done as the transactions are created throughout the month. By creating a methodology whereby the work is done incrementally, the workload is minimized for accounting staff and an added bonus is that financial statements are much more accurate for mid-month reviews.

  • Actionable Business Intelligence

    They key challenges faced by accounting teams revolve around reconciliations, journal postings and period end processes. The Business Intelligence delivered with BlackLine makes it possible to zero in on the tasks that are consuming inordinate amounts of time and then streamline those tasks using BlackLine solutions.

  • Free up CFO time for Strategic Value

    CFOs are often being forced to make important decisions based on their gut feeling because they lack the time and resources necessary to gather and analyze information. Process standardization is crucial to liberating time, and with BlackLine companies can pull data from multiple sources into a single platform to support process standardization, giving your financial leaders the time and information they need to make strategic decisions.