BlackLine Financial Close Management Pricing, Features, Reviews & Comparison of Alternatives

BlackLine Financial Close Management

Financial Close Management

4.0/5 (8 reviews)

BlackLine Financial Close Management overview

BlackLine provide a number of financial automation products which combined form their Finance Controls and Automation Platform. These products are designed to automate processes associated with financial close and reconciliation, as well as management of the internal controls environment. BlackLine Financial Close Management offers four main feature areas: Account Reconciliations, Task Management, Transaction Matching, and Journal Entry.

With the Account Reconciliations tools provided by BlackLine you can compare data from multiple systems and locations to reconcile the account balance across all balance sheet accounts. Features allow you to allocate duties to accounting teams and define the account reconciliation process. The Task Management feature offers real-time dashboards and advanced reporting for complete visibility and insight into task progress. An online, task-associated document repository keeps all task attachments in one place.

Transaction matching by BlackLine lets you manage multiple transaction types, from Bank to Credit Card, to Investment Transactional Matches, identifying unmatched transactions. The Journal Entry feature lets you create, review and approve journals, certifying and storing them with their supporting documentation. These journals can then be posted automatically to the general ledger, in batch at a scheduled time or on demand.
www.blackline.com

Pricing

Value for money
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Devices

Business size

S
M
L

Markets

United States, Australia, Canada, Europe, United Kingdom

Supported languages

English
BlackLine Financial Close Management screenshot: BlackLine Financial Close dashboardBlackLine Financial Close ManagementBlackLine Financial Close Management screenshot: BlackLine Financial Close SuiteBlackLine Financial Close Management screenshot: BlackLine for iPadBlackLine Financial Close Management screenshot: Account Reconciliation in BlackLine Financial Close Management

BlackLine Financial Close Management reviews

Value for money
Features
Ease of use
Customer support
  3.7
  3.9
  3.8
  3.9
Balázs Zsámboki, PMP

Good tool for account reconciliation in a GBS center

Used weekly for 2+ years
Reviewed 2019-02-08
Review Source: Capterra

We started using it to replace our old client-server based software to support the month-end GL reconciliation process for various entities in our global company.Due to the cloud technology it is available from anywhere. It could be really useful if you should manage GL reconciliation for many entities with different ERPs (it was our case) Easy to use interfaces, very good support. Can support the internal or external audit procedure and can reduce its cost. Auto-certification is sophisticated with several customization possibilities.

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Anonymous

Blackline Integration with Data Management Software such as SAP

Used weekly for 2+ years
Reviewed 2018-08-11
Review Source: Capterra

Since SAP has been integrated with BlackLine, reconciliations every day+5 of the month end processes are a lot easier. Variances and discrepancies are easily dealt with. Blackline has only been limited to its functions as well as the real-time processing of data.It is a web-based application for performing account balances reconciliation which can be easily integrated with other financial software such as SAP.

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Debby Burns

Great tool for balance sheet recs!

Used daily for 6-12 months
Reviewed 2017-12-26
Review Source: Software Advice

It provides visibility and consistency to balance sheet recs. Fairly easy to use. Several different templates available pre-built.

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Anonymous

Records for Closing All In One Place

Used weekly for 6-12 months
Reviewed 2018-04-12
Review Source: Capterra

Having all the financial and accounting work/evidence kept at one place for auditing The audit trail functionality that is system certified and option to allow auditors to review closing activities like monthly bank reconciliation, monthly payroll registers, monthly meeting minutes, etc.

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Anonymous

Has some good functionality but implementation is harder than expected

Used daily for less than 6 months
Reviewed 2018-03-13
Review Source: Capterra

Great place to centralize reconciliations and journalling etc as opposed to spreadsheets and google docs

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BlackLine Financial Close Management pricing

Please contact sales for a quote

BlackLine Financial Close Management features

Receiving

API (189 other apps)
Accounting Integration (129 other apps)
Accounting Management (125 other apps)
Activity Dashboard (129 other apps)
Automatic Notifications (114 other apps)
Billing & Invoicing (131 other apps)
Compliance Management (90 other apps)
Customizable Reporting (101 other apps)
Data Import/Export (110 other apps)
Electronic Payments (117 other apps)
Expense Tracking (123 other apps)
Financial Analysis (88 other apps)
Invoice Management (178 other apps)
Invoice Processing (105 other apps)
Multi-Currency (110 other apps)
Real Time Data (112 other apps)
Reporting & Statistics (145 other apps)
Third Party Integration (117 other apps)
Workflow Management (89 other apps)

Additional information for BlackLine Financial Close Management

Key features of BlackLine Financial Close Management

  • Account Reconciliations
  • Compare data in different systems or locations
  • Task Management
  • Automated workflows
  • Transaction Matching
  • Bank reconciliations
  • Credit card matching
  • Intercompany reconciliations
  • Invoice-to-PO matching
  • Journal Entry
  • Create, review, and approve journals
  • Certify and store journals
  • Pst journals to general (or sub) ledger systems
  • Reporting, analytics & dashboard
  • Integration with any ERP system
  • High level security
  • Online document repository
  • Integrate with BlackLine Intercompany Hub
  • Integrate with BlackLine Controls Assurance
  • BlackLine Finance Controls and Automation Platform
View All Features

Benefits

Automated reconciliations, such as bank reconciliations, credit card matching, intercompany reconciliations (ERP, bank, subledger, schedules, etc.) and invoice-to-PO matching.

Real-time notification alerts to users when there are pending tasks and notifications to management of past-due tasks or bottlenecks.

Manage multiple accounting transaction types including Bank to General Ledger; Bank to Credit Card; Received, Not Invoiced to Received, Invoice Received; Intercompany Transactions; Investment Transactional Matches; Bank to Accounts Receivable; Third-Party Invoices to Internal Records; and more.

Risk center allowing you to create ad-hoc queries against your dataset to manage exposure.

Create task dependencies and task workflows to ensure the correct procedures are followed.

Account reconciliations includes standardized templates, workflows for review and approval, linkage to policies and procedures, and integrated storage of supporting documentation.