Overview
Product Information on BlackLine
What is BlackLine?
BlackLine Pricing
Overall experience with BlackLine
“Blackline Simplifies Bank Reconciliation Despite Complex Integration and High Costs”
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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A Snapshot of What Matters - Based on Validated User Reviews
Reviewer Insights for: BlackLine
Deciding Factors: BlackLine Vs. Market Average
BlackLine Likes & Dislikes
Automation Centralization Customization Streamline Ability Customer Service
1. It is the best in class solution for accounting automation 2. System performance beats our legacy solution 3. Transparancy and visibility
The modules are user friendly and as we keep implementing it into our close processes, we become more efficient with close.
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.
It is expensive and to be successful you need a 3rd party implementer
The introduction of Verity and AI in the system will help improve even more efficiencies.
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BlackLine Reviews and Ratings
- 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. - Director of Finance10B+ USDRetailReview Source
Consistent Customer Support and Strong System Performance Highlight Product Experience
The customer support has been phenomenal. Any time we run into an issue or need support they are here to support us - Project Manager - Financial Reporting1B-10B USDTravel and HospitalityReview Source
BlackLine Integration Enhances Efficiency and User Experience in Close Processes
We've been using BlackLine for a year and a half and have had a wonderful experience. We have been able to implement a number of products and we love how everything is connected. - Director of Finance<50M USDMiscellaneousReview Source
BlackLine Helpful tool
blackline has helped streamline balance sheet recons as well as roll forwards and many other tasks - SENIOR VICE PRESIDENT, CHIEF ACCOUNTING50M-1B USDMiscellaneousReview Source
Cloud-Based Platform Allows Access and Integration With Various GL Platforms
Great online platform allowing for consistency in processes and controls.