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.
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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.
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.
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.
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.
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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. - 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. - DIRECTOR OF FINANCE1B-10B USDManufacturingReview Source
Account Team enhances after-sales support
The support by the account team and the customer service support are key to complement the after-sales support - 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.