BlackLine Systems specializes in solutions that optimize and automate financial close processes. An astonishing number of processes within the accounting and finance group are still manual, spreadsheet-driven, and error-prone. The functionality that is offered in BlackLine's applications is often missing from ERP and accounting systems. An intelligent use of technology to implement rules-driven automation can help companies drastically cut costs. (See our case study for an example of a client saving $40,000 per month.)
BlackLine offers the following modules:
Balance Sheet Account Reconciliations - Automate and monitor a key critical control. Know where you are in the process at any given point in time. Be confident that reconciliations, even in remote locations, are being completed accurately and on-time. Evaluate the materiality of exceptions across the entire organization.
Task Management - Replace the "binders full of checklists" required by most companies to track their close calendar process. Use electronic sign-offs, flexible due dates, and task dependencies to gain full visibility into the close process.
Journal Approvals - Compliance regulations require management sign-off on all manual journal entries. While some companies use functionality in their ERP systems, many others have a paper-intensive process. Replace this process with a streamlined electronic sign-off that includes all supporting documentation.
Variance Analysis - Implement an automated rules-driven process to monitor the fluctuation tolerances set for your company or even particular business units. When a variance rule is broken, the system automatically notifies the people responsible for explaining variances.
Transaction Matching - Validate high volumes of transactions against one another efficiently and accurately. Intuitive exception aging and processing integrates seamlessly with period end reconciliations.
Journal Creation - Create, validate, and approve journals before seamlessly posting or exporting them into your ERP or GL. Flexible and powerful validation rules result in little to no exceptions in journal postings.
Each of BlackLine's modules incorporates capabilities in the areas of supporting document management, automated email alerts, auditor access, and advanced data interfacing.
Infor CloudSuite HCM is an integrated suite of human resources applications with several deployment options. It is suitable for any industry and is best for companies with more than 1,000 employees. Applications in the core suite include benefits management, absence and time entry, budgeting,...
BirchStreet is the leading cloud based procure-to-pay automation solution for the hospitality and casino industry worldwide. BirchStreet is a SaaS system that improves business processes by automating eProcurement, AP Automation, Inventory, Recipe Management, Spend Analytics and Capital Budget...
Cloud-based Kronos® human capital management and workforce management solutions help organizations of all sizes and industries attract, retain, and engage employees while improving efficiency and customer satisfaction. We offer the industry’s most robust suite of tools for managing the entire...
BlackLine Systems’ suite of financial software applications automates the entire financial close process for staff in accounting and compliance departments in companies of all sizes. The BlackLine suite includes modules for Balance Sheet Account Reconciliations, Task Management, Journal Entry,... Read more
Account reconciliations are a critical control for compliance and for accurate financial reporting. For many companies, the financial close process is an ongoing attempt to organize and track thousands of spreadsheets across many locations. Reconciling accounts is a manual, labor-intensive... Read more
BlackLine’s Task Management module is, like many of our modules, the direct result of a client’s request for help. Many companies have found that checklists and disparate policies can delay and complicate the close process. With BlackLine, they can automate the process of checking off different... Read more