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BlackLine

Specialized financial accounting software that goes beyond bookkeeping and GAAP statements to create enhanced reports

9

582 Votes

  • Category ERP Software
  • Languages Czech, German, English, French, Hungarian, Italian, Japanese, Korean, Dutch, Polish, Portuguese, Russian, Spanish, Chinese (Simplified)

Streamline and automate financial close operations with BlackLine

Overview

BlackLine is a cloud-based solution designed to streamline and automate the entire financial close process. Its key functionalities include financial operations management, intercompany transactions, and accounting automation.

Usability

The software is intuitive, featuring a user-friendly interface that's easy to navigate. Users can access and manipulate data with ease, making it simple to track and manage financial operations. The dashboard offers a clear view of financial reports, balances, and transactions, facilitating efficient decision-making.

Functionalities

BlackLine's functionalities are robust and versatile. The software excels in automating repetitive accounting tasks, reducing the chances of manual errors and improving productivity. Its reconciliation management feature ensures the accuracy of financial statements, while the task management module allows for efficient delegation and tracking of tasks.

Integration

BlackLine integrates seamlessly with a variety of ERP systems. This compatibility ensures a smooth data flow, reducing the need for manual data entry and improving the accuracy of financial records.

Intercompany Hub is a standout feature that simplifies intercompany transactions. It eliminates the need for countless spreadsheets and provides a centralized location for all intercompany transactions, promoting transparency and compliance.

Support

BlackLine offers comprehensive support to its users. There's a dedicated support team available to address queries and technical issues. Additionally, the software provides a range of resources, including training, webinars, and a knowledge base to facilitate user learning and software adoption.

Pros and Cons

On the positive side, BlackLine significantly enhances productivity, reduces manual errors, and improves compliance. Its user-friendly interface and robust functionalities make it a reliable solution for automating financial operations.

However, some users may find the initial setup process somewhat complex. While the software offers excellent functionalities, a learning curve exists, particularly for non-tech savvy users. Nonetheless, the available support and resources can help overcome these challenges.

Conclusion

Overall, BlackLine is an excellent software for businesses that wish to streamline their financial close processes. Its robust functionalities, seamless integration with ERP systems, and comprehensive support make it a valuable tool for automating and managing financial operations. While it may require some time to master, the benefits it offers in terms of productivity, accuracy, and compliance are undoubtedly worth the investment.

Highest-Rated Features:

  1. Audit
  2. Management
  3. Consolidation

Lowest-Rated Features:

  1. Distribution
  2. Standard
  3. Accounting
Company
BlackLine Systems, Inc.
HQ Location
Woodland Hills, CA
Ownership
NASDAQ: BL
Total Revenue (USD mm)
$351
Top 2 BlackLine Alternatives

Sage Intacct

Generate financial reports, track your company's revenue and expenses, and gain extra insight into the bottom line with detailed cost accounting modules

Workiva

Enterprise reporting platform that connects to multiple data sources in order to measure productivity and compliance