Overview
Product Information on BlackLine
What is BlackLine?
BlackLine Pricing
Overall experience with BlackLine
“Task Tracking Tool Improves Month-End Close Visibility Across the Company”
“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
Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
User Sentiment About BlackLine
Reviewer Insights for: BlackLine
Deciding Factors: BlackLine Vs. Market Average
Performance of BlackLine Across Market Features
BlackLine Likes & Dislikes
Visibility across the company of where we stand each month on our close process. The task tracking tool has been especially helpful for my team in particular as I can see exactly what still needs to be prepared, approved, or reviewed. It beats doing that in excel by miles.
Read Full ReviewIntegration 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.
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One area I see right away that could be a nice quality of life improvement is when my team attaches a document to a task or reconciliation, when I click on it, it just downloads it. It would make my life easier if I could just preview the document rather than clogging up my downloads folder. Take Outlook for example - when you receive an email with a PDF or Excel attachment, just clicking on it once will give you a preview of the document.
Read Full ReviewLimited flexibility if using standalone modules, not fully attending more updated ways of working. Still using old styles of reports accounting.
Read Full ReviewThe 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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Peer Discussions
What Your Peers Are Saying About BlackLine
BlackLine Reviews and Ratings
- 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. - GLOBAL ACCOUNTING & TREASURY SERVICES LE10B+ USDConsumer GoodsReview Source
High Costs and Outmoded Features Do Not Meet Modern Accounting Expectations
Experience so far is limited however not aligned with precise company needs. It's creating additional workload due to its old style of accounting. Not providing out of box functionalities and limited flexibility. - 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. - Manager50M-1B USDBankingReview Source
Blackline Simplifies High-Volume Transactions but Faces Reporting Integration Challenges
BLACKLINE is a good option to finance company, like a Banks. We use BL for matching plus 5Millon of transacction per month, and we work with +3000 recs in Blackline. We use Blackline in 6 countries in Central America. - Finance Associate50M-1B USDReal EstateReview Source
BL Products Improve Workflow; Implementation and Coding Create Obstacles for Accountants
Overall experience with BL and its products has helped streamline our processes and efficiencies.