Overview
What is BlackLine?
BlackLine automates the the processes required to finalize periodic closing of the books. Beyond close/reconciliation management the product includes capabilities to enhance the management and control of financial processes throughout the accounting cycle.In October 2020, BlackLine acquired Rimilia, an AR…
My BlackLine Experience!
Recent BlackLine Implementor
BlackLine Review.
BlackLine is a trusted partner
BlackLine Review
amazing we want more
BlackLine is a great product and highly recommend
I am not sure I want to work without BlackLine ever again.
BlackLine Goes Above and Beyond
BlackLine helps us streamline processes
BlackLine is the best!
Reporting and Insights!
Excellent Product!
Your Intercompany Partner
How BlackLine Differs From Its Competitors
Partnership
BlackLine should do a better job at making these tools more available …
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Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Detailed Audit Trails (54)8.989%
- Journal entries and reports (42)8.383%
- Multi-currency management (30)8.282%
- Customizable Workflows (38)7.777%
Reviewer Pros & Cons
Pricing
What is BlackLine?
BlackLine automates the the processes required to finalize periodic closing of the books. Beyond close/reconciliation management the product includes capabilities to enhance the management and control of financial processes throughout the accounting cycle. In October 2020, BlackLine acquired…
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Features
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 8.7Financial data consolidation(26) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 8.3Journal entries and reports(42) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 8.2Multi-currency management(30) Ratings
Ability to handle foreign currency conversions during consolidation.
- 8.9Detailed Audit Trails(54) Ratings
Tracing changes to data and processes that were run.
- 7.7Customizable Workflows(38) Ratings
The ability to adapt the software to complete tasks in a particular order according to business needs.
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is BlackLine?
In October 2020, BlackLine acquired Rimilia, an AR automation solution. Rimilia's capabilities are now part of the BlackLine platform.
BlackLine Features
Consolidation and Close Features
- Supported: Financial data consolidation
- Supported: Journal entries and reports
- Supported: Multi-currency management
- Supported: Detailed Audit Trails
- Supported: Reconciliation Automation
- Supported: Close Checklist
- Supported: Customizable Workflows
Additional Features
- Supported: Intercompany Non-Trade
- Supported: Intercompany Balance & Resolve
- Supported: Intercompany Net & Settle
- Supported: Compliance
- Supported: Financial Reporting Analytics
BlackLine Videos
BlackLine Competitors
BlackLine Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | Apple iOS, Android |
Frequently Asked Questions
Comparisons
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Reviews and Ratings
(324)Attribute Ratings
Reviews
(1-25 of 247)Useful Controls and Audit Tool
- Store Documentation
- Reminders on when tasks are not complete
- Keeping a chain of command for controls purposes
- Interface not intuitive
- Difficult to set up new tasks
- Due dates for tasks not intuitive
For tax returns, this isn't the best method as having things due months earlier is clunky, as the due dates are in negative days from the tax return.
My BlackLine Experience!
- Reconciles two sets of data
- Identify Duplicates in uploaded data
- Ability to set up match sets of many different kinds of data
- It's not as easy to use as some other platforms
- Requires advanced training to be able to use at intermediate level
- It would be great if one can see their notes as opposed to having to click a link
Recent BlackLine Implementor
- Version Control
- Streamlining Workflows
- Dependencies
- Automated Matching Rules
- Flexibility in changing task dependencies/types/etc.
BlackLine Review.
- Maintains certification records, clearly showing reviews and approvals of tasks and reconciliations.
- It has multiple reconciliation templates, allowing the user to find the best template for their needs.
- It includes useful metrics and visuals to help the user keep track of their assignments and tasks/reconciliations that are coming due.
- Make it easier to customize reconciliations and templates to suit the user's needs better.
- Improve the user interface to make it easier to navigate and find the areas you're looking for.
- Make the bank reconciliation matching module more user-friendly. It is difficult to create rules and modify data import without contacting support.
BlackLine is a trusted partner
- excellent support from our partners
- very knowledgeable Project Manager for project implementation
- Excellent professionals participated during we run the RFP
- Their prices are pretty high
BlackLine Review
- The interface is very clean and easy to navigate, making it very user friendly.
- The ability to communicate with preparers and approvers within the platform is a great feature.
- The ability to easily export items to PDF is great for auditing and documentation purposes.
- My only recommendation would be better reporting. The reporting feature is very customizable, but there are certain reports that do not exist or are difficult to find.
amazing we want more
- Tasks feature
- Integration with SAP
- Reconciliations easy and clean
- Fast
- allows me to manage my time efficiently
- Improve Variance analysis to be more user friendly without need of downloading in excel
- Integrations with other tools like ReconNet - Trintech product for Credit Cards recs
- More flexibility in the grouping - sometimes groups done by currencies left me with more recs to complete
BlackLine is a great product and highly recommend
- Account Reconciliations
- Journal Entries
- Tasks
- Would like to have some out of the box examples on how to automate journals
- Need to have a easier way to put custom screens/data on the home screen
- Would like to have the ability do more on the mobile app
I am not sure I want to work without BlackLine ever again.
- Reconciliations can be set up in many different ways, however you need, and is very easy to use.
- Tasks have made it so we always know where we are at as individuals and as a team. If someone is behind, we can view that, and someone can jump in and assist when necessary. A very team-friendly addition.
- The journal entries function is a great process as there is a definite separation of duties and an audit trail that cannot be edited, which can be provided upon request. When it can be set up to automatically "speak" to your accounting system, the process is even better as there is limited manual touching.
- I have not found the customer community to be as helpful as we were told it would be.
- When setting up our Matching abilities, we did not have a team big enough to have one or two people 100% focused on that set up and it took longer than we anticipated because of that. It was understandably upsetting/frustrating for the BlackLine set-up team, but it should have been something they were aware of as it was explained that we had limited staff and could not give 100% to this project until it was complete. We were able to give them a small amount of time each week.
- Deleting/removing tasks or duplicate reconciliation accounts is not always easy to do, and requires someone with quite a bit of knowledge of the admin side to walk someone through it.
BlackLine Goes Above and Beyond
- Intuitive User Interface
- Reconciliation Management
- Task Management
- Amortization Schedules
- Integration with other Apps
- Additional Inter-company Features
BlackLine helps us streamline processes
- Automation
- Audit Trail
- Documentation
- Better response time on support tickets
BlackLine is the best!
- User friendly
- efficient
- ease of searching for applications
- verifying invoice amounts
Reporting and Insights!
- Reporting
- User access provisioning
- Connects to Tableau
- Connects to multiple ERP systems
- Dashboards
- App bugs
Excellent Product!
- Account recons
- Reporting
- Matching
Your Intercompany Partner
- Connecting to SAP
- Automating recurring manual steps
- Visibility to leadership
- Less time spent initially acting upon tickets
- Better connectivity with ERPs other than SAP
- Provide a list of choices for generally requested customizations
BlackLine - Reducing Manual Effort
- Scalability to be able to start small and then continue to expand the use of BlackLine with additional modules
- The implementation process is smooth and it is nice to have dedicated support throughout the process
- Customer focus of hearing what users want to see for future products
- It is a bit daunting to implement at first
- Change management with internal Finance teams
Closing the Gap Between F&A and Technology
- Transaction Matching
- Automation
- Reporting
- Education Documentation
- Commenting on transactions
- Easier ways to rebuild match sets and data sources
BlackLine is the Future!!!
- Automation
- Tasks
- Data Storage
- We need more flexibility with usage on portable devices
- Better responses to our BL Support Cases
- Less System Issues
Goes Beyond
- Automate
- Manage risk
- Drive efficiency
- APIs
BlackLine Works!
- Ease of use
- Organization
- Support
- Security
- Design Options
- Aesthetics
- Organization structure
- Access management
BlackLine technology is where it's at!
- Customer Support is AMAZING
- Everything is user friendly
- BlackLine cares about listening to customer's needs.
- Daily certification!
- Being able to maintain seeing the reconciliation while entering a comment.
- User groups for industries (financial institutions)
BlackLine
- Account visibility
- Efficiency
- Automation
- More information to the users of all the BlackLine capabilities
You will get what you put in...
- Matching
- Amortization Schedules
- To me, It doesn't feel intuitive or as user friendly
BlackLine Financial Close Management
- Great customer service
- Application always works
- Many product offerings
- Getting data from ERP can be challenging
Love BlackLine Recs
- no need for spreadsheets
- Easier way to find an answer in the Community center. I ask a question and see a lot of customer comments, and but I'm looking for the instructions to do something.