World’s leading cloud-based solution for automating, centralizing, and streamlining finance close
Modern finance and accounting in real time
New generation of Finance & Accounting
BlackLine modernizes the finance and accounting function, enabling enhanced productivity and better detection of accounting errors through Continuous Accounting. This new approach embeds automation, control, and financial close tasks directly within day-to-day activities, allowing the rigid accounting calendar to more closely mirror today’s dynamic business environments. Consequently, businesses can constantly monitor for error, fraud, and inefficiency before they become material misstatements.
BlackLine’s cloud-based solutions transform Finance & Accounting by automating, centralizing, and streamlining finance close operations, intercompany accounting processes, and other key F&A processes for large and midsize organizations around the world. It is designed the way it can complement existing financial systems and fill the gaps left by ERP and CPM systems, helping enterprises increase operational efficiency, real-time visibility, and control and compliance. Blackline ecosystem provides end-to-end financial close management and accounting automation, and drives better decision-making across the business.
Give up on outdated accounting processes and empower your teams to work smarter and more efficiently. Accounting and finance departments in more than 2800 organizations around the globe have already trusted BlackLine to ensure the integrity of their financial statements and accuracy in their accounting processes. It means that more than 236,800 accountants, auditors, controllers, managers and CFOs rely on BlackLine to perform their mission-critical processes in near real time.
Global organizations that already trust Blackline
Generating value with efficient financial close process
Improve control and visibility, minimize risks
Control user access and categorize tasks by business function. Limit risk of fraud with constant monitoring of data and transactions.
Allow finance and accounting work smarter
with Blackline financial controllers, CFOs and accounting department can rely on a single, integrated trusted source of financial information in all units, locations and business functions. Unified and intuitive interface designed in accordance with User Experience logic enables end users to work smarter and more efficiently.
Increase operational efficiency
automation of financial close reduces costs and complexity of the process, as all data, tasks and workflows are managed within one system directly integrated with ERP. BlackLine enables companies to adjust processes to global best practices.
Unified cloud for finance and accounting
all Blackline products function within single cloud. As a result, they are perfectly harmonized with each other, seamlessly transferring data and workflows from one intuitive interface. Blackline technology is the only unified cloud-based platform designed specifically for finance and accounting.
Complex ecosystem for efficient financial close
Blackline ecosystem comprises 6 integrated solutions:
Blackline Balance Sheet Integrity
The BlackLine Balance Sheet Integrity solution standardizes and automates reconciliations – from general ledger, to balance sheet account, to bank, credit card, cash, and inventory reconciliations –streamlining and controlling close cycles to minimize the risk of material errors and misstatements. Blackline Balance Sheet enables finance and accounting teams to focus on performing value-added activities and delivering confidence and trust in the organization’s financial statements. Balance Sheet Integrity is a complete solution that supports IFRS and GAAP standards that helps businesses achieve a key milestone on the journey to Modern Finance by standardizing internal processes and providing transparency into accounting performance, to move organizations beyond manual, error-prone, and spreadsheet-driven processes.
Blackline Close Process Management
BlackLine Close Process Management provides accounting and finance departments with best practice tools to help manage closing the books. By standardizing and embedding controls in reconciliation and period-end close processes, organizations are able to eliminate labor-intensive, non-value adding activities and streamline decentralized and disconnected workflows that lengthen cycle times, threaten the integrity of financial statements and increase the risk of control failure. BlackLine becomes your center for executing and monitoring all finance and accounting finance tasks to deliver credible, transparent information across the company. And because Close Process Management is a cloud-based solution, it is designed to integrate with your current and future ERP and technology investments as your business grows.
Blackline Accounting Process Management
BlackLine Accounting Process Automation solution improves the speed, accuracy, and credibility of the reconciliation to adjustment process by automating your routine and high-volume transactional processes. Through configurable, rules-based certification and matching workflows, controlled roles-based access, and automated journal validation, creation, and posting, organizations are able to put an end to mundane tasks and enable teams to apply their valuable skills to larger issues that support strategic business objectives. And by leveraging a combination of data and process standardization, embedded internal controls, and real-time reporting and dashboards, accounting and finance leaders can continuously monitor and evaluate performance to drive further process optimization.
Blackline Intercompany Hub
The BlackLine Intercompany Hub plays a role of a clearinghouse for intercompany transactions and transfer agreements eliminating the need for after-the-fact manual intercompany reconciliations, netting, and settlement. The Intercompany Hub centrally connects all company’s core ERPs and other systems, creating intercompany transactions and distributing automated journal entries and data from a centralized platform. With a single process, companies gain the highest degree of regulatory compliance and data integrity. All complex tasks related to intercompany accounting and reconciliations, such as issues over currency exchange rates, recorded taxes, transaction amounts, approval workflows, and journal entry creation, are automatically managed within the “clearinghouse” – Blackline Intercompany Hub.
Blackline Smart Close
Due to the fact that financial close process comprises multiple steps and dependencies, it is relatively easy to waste time and increase risk by skipping critical approvals or missing vital tasks. The best run accounting organizations define and standardize their close processes from corporate to subsidiary, ensure controls and documentation, have clear visibility into progress, and provide accountability and assignment of tasks. BlackLine Smart Close simplifies, automates and standardizes financial close process which is embedded directly within SAP and enables to monitor execution of tasks and verify results. Built-in templates for planning particular steps allow companies to deploy autopilot to execute the most difficult and most time-consuming activities. Moreover, Smart Close automatically verifies correctness of closing the books and undertakes adequate measures, such as raising alerts, making adjustments or immediate progressing to further steps.
BlackLine Compliance is an integrated, cloud-based solution that helps identify risk and execute control workflows. Configurable and flexible, yet at the same time consistent and standardized, BlackLine Compliance does it all – maintains RCMs, manages PBC requests, performs audits such as SOX 302 and 404, and much more. It unifies all projects, stakeholders and entire compliance documentation within cloud-based, globally accessible platform, which ensures maximum visibility across the whole organization. Blackline Compliance also allows for linking controls to related risks and projects and ensures version control across records. As a central command system, Blackline Compliance enables companies to perform control testing, conduct analyses of supporting information and identify risks, at the same time allowing for efficient workflow management and fluent communication among teams. Thanks to real-time intelligence deployed into compliance program, companies can achieve strategic risk initiatives and drive value-adding recommendations.