Blackline is a cloud-based accounting solution by GoPlan that helps companies take ownership of their budgets and forecasts. Users can customize their programs as per the needs of their industry and business. Key features include financial reporting and consolidation and dashboarding. The solution can be accessed via mobile devices in addition to desktops.
The Dashboard provides charts and graphs that allow managers to drill into the details and analyze datasets. Users can generate reports in a web format or MS office file formats. Other features include automated journal validation, fluctuation analysis and account reconciliation.
Companies can manage separate business lines from user licenses. Budgets can be set for both internal and external compliance. Reporting is available for companies to retroactively analyze trends and expenditures. Forecasting tool plans revenue streams and predicts spend agility. The solution is used in industries such as healthcare, education, insurance, distribution and manufacturing. Support is provided through email and phone.
DARRELL from ELINCO INTERNATIONAL INC
Employees number: 11-50 employees
Was attracted to the webinar and the presentation that the sales representative gave to our company.
Very expensive and large to download. Never used after download. Could not open because server was always buffering.
Debby from Now CFO
Specialty: Accounting / CPA
Employees number: 201-500 employees
It provides visibility and consistency to balance sheet recs. Fairly easy to use. Several different templates available pre-built.
Some of the different screens have the Save button in different places which can be a bit frustrating.
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.
The software is limited to reconciliations and intercompany transactions wherein the vast majority of software are investing on in-memory capacity and cloud for more flexible transactions.
Hui from KPMG
Great product overall with a lot of features and available room for customization. Offers great workflow management on top of the automation features.
No cons to mention. Not sure how many other products are out there that offer the same type of financial solution that Blackline offers, but Blackline is a solid product.
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.
The useful interface's design isn't as fluid as one would like but you get use to it after a using it as your day to day work.
Great place to centralize reconciliations and journalling etc as opposed to spreadsheets and google docs
Connectivity with ERP, in our case Netsuite, is a lot more complicated than how it is sold with a loyt of additional development and expense required
Thomas from Hampton Roads Combat Games
Employees number: 501-1,000 employees
I was an admin that implemented this reconciliation software at a previous company to prepare reconciliations. It really helped organize our closing process. Highly recommend.
Great way to organize monthly reconciliations
There is a learning curve, like everything.