BlackLine’s Consolidation Integrity Manager (CIM) module gives companies the ability to automate system-to-system reconciliations. This is invaluable if a company has a consolidation system and multiple source general ledgers feeding into it. Before BlackLine, the reconciliation process typically included an extract and manual comparison of balances from both systems, a procedure often complicated by the roll-up process. The CIM module automates these processes and automatically verifies that data used by and conveyed between the different systems is properly transferred and reconciled.

With the CIM module, relationships are defined between the different systems so that, for example, all cash accounts in a general ledger might roll up to a single cash account in a consolidation system. If the totals match or are within a certain tolerance of each other, the system can automatically certify that particular account reconciliation. This allows the accountant or financial analyst to focus on the exceptions where late-posting journal entries and/or top side adjustments have changed the balances on one side or the other.

As part of BlackLine’s Financial Close Suite, integration of the CIM module with the Journal Entry module makes necessary adjustments seamless and simple.

Key Features

• Configurable relationships between source systems allow maximum flexibility in the tie-out process.
• Full audit trail and records of all balances that tie out and are system certified.
• Clear identification of out-of-balance accounts.
• Email notifications of balance changes.
• Links to underlying reconciliations to assist in researching discrepancies.

Part of BlackLine’s Financial Close Suite, the Consolidation Integrity Manager automatically verifies that data used by and conveyed between the different systems is properly transferred and reconciled. For companies that have multiple, distinct systems, the CIM module provides greater control and visibility, resulting in more accurate financial statements.

Key Benefits

• Save time.
• Achieve greater accuracy in financial statements by eliminating manual tie-out processes.
• Provide greater control and visibility in real-time.
• Keep auditors happy.

The CIM module is an invaluable tool for companies with global operations, consolidation systems, multiple general ledgers, or multiple systems where it is necessary to ensure zero discrepancies. By  managing information across such complex configurations, the CIM module provides superior control and visibility, resulting in more accurate financial statements.