BlackLine is a publicly-traded company known for addressing traditional accounting challenges. It leverages a cloud-based financial operations management platform to enhance the efficiencies of financial departments. The primary objective of BlackLine is to modernize accounting procedures by consolidating the data and processes along with automating mundane activities. This also ensures accountability through comprehensive visibility. BlackLine provides comprehensive solutions for managing and automating various activities like financial close, accounts receivable, and intercompany accounts. They cater to both large and midsize corporations across various industries to help optimize accounting procedures. BlackLine operates globally with its main operations sprawled across several business hubs such as Los Angeles, New York, the San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Singapore, and Sydney.
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I like the amount of time we have been able to give back to our accountants for higher value tasks. The automation and optimization that BlackLine has helped us accomplish has been incredible!
Integration with SAP is useful, but accounting benefits are only achieved once you get all different modules together. If using specific module standalone it has limited benefits. Also cost is high for certain functionalities, such functionalities can be achieved with other softwares with much lower costs.
1. Tasks 2. Account recon 3. Journal Entry
The thing I dislike most about the product/service is the cost of some of the modules. Wishing there were additional packaging options so we could pick and choose what we want to package (for those that can work together, of course.)
Limited flexibility if using standalone modules, not fully attending more updated ways of working. Still using old styles of reports accounting.
1. Advanced Analytics 2. financial reporting risk management 3. Financial reporting