Overview
Product Information on BlackLine
What is BlackLine?
BlackLine Pricing
Overall experience with BlackLine
“Automation With BlackLine Frees Accountants For Higher Value Tasks But Module Costs A Little High”
“High Costs and Outmoded Features Do Not Meet Modern Accounting Expectations”
About Company
Company Description
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.
Company Details
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Key Insights
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User Sentiment About BlackLine
Reviewer Insights for: BlackLine
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BlackLine Likes & Dislikes
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.
Automation Centralization Customization Streamline Ability Customer Service
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.
The cost: This system can be very pricey, depending on how much data and transactions flow through it. The implementation and iterations of the specific file types that must constantly be put into it. The ease of integration to all the data tables is not as easy from an IT perspective as was promised originally.
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BlackLine Reviews and Ratings
- Finance Associate1B-10B USDEnergy and UtilitiesReview Source
Automation With BlackLine Frees Accountants For Higher Value Tasks But Module Costs A Little High
We have had the best experience with BlackLine! So much so, we were invited to present our success around Matching at BTB 2022, which was a huge honor. - VP, Finance50M-1B USDBankingReview Source
Blackline Simplifies Bank Reconciliation Despite Complex Integration and High Costs
The Blackline platform is a phenomenal platform that has truly simplified our lives and has exponentially improved how we do reconciliations at the bank. We envisioned this to be a great but it has turned out to be a complete game changer for our day-to-day operations for month end close. - Corporate Accounting Manager1B-10B USDInsurance (except health)Review Source
Task Tracking Tool Improves Month-End Close Visibility Across the Company
Blackline has started a movement at our company that will drive efficiency and transparency which we have not had before. We are still in the first couple of years of our journey so there are areas for improvement which is why we are attending these conferences and trying to learn as much as we can. - VP, ENTERPRISE SYSTEMS50M-1B USDFinance (non-banking)Review Source
BlackLine Review
Outstanding experience and user friendly for admin and users. However I hope it can have more automation in the system like auto open period instead of to turn on manually every month by admin - FINANCE ASSOCIATE50M-1B USDBankingReview Source
Efficiency Gains Tempered By Complex Interface And Analytics Limitations In Platform
The platform dramatically improves efficiency with advanced automation for account reconciliations and financial close processes, helping us save time and reduce manual effort too.