High-volume reconciliations can be some of the most time-consuming and painful components of the financial close process. The need to tick-and-tie millions of individual transactions can occupy hundreds of hours each month. BlackLine’s Transaction Matching module can streamline and automate detail-heavy reconciliations, such as bank reconciliations, credit card matching, intercompany reconciliations and invoice-to-PO matching. It contains a state-of-the-art matching engine with powerful and configurable pass rules designed by business users to meet their specific challenges.

The Transaction Matching module provides an effective and efficient means for both matched and unmatched transactions as well as exception handling. BlackLine clients use this module for a variety of purposes, including Bank to General Ledger; Bank to Credit Card; Received, Not Invoiced/Goods Received, Invoice Received; Intercompany; Investment Transactional Matches; Bank to Accounts Receivable; Third-Party Invoices to Internal Records; and many others. Users can quickly and easily create reconciling items as part of an account reconciliation for unmatched transactions and link incorrect transactions to their correcting journals.

Key Features

• Automatically import, parse and manipulate data from any readable source, in any format, on any schedule.
• Match any type of data with flexible, rules-driven “match sets.”
• Intelligent “dynamic grouping” finds the best combinations of matches through high-speed algorithms.
• Match one-to-one, one-to-many and many-to-many pairings.
• Handle high volumes of transactions quickly and easily, matching up to one million transactions per minute.
• Express configurable tolerance thresholds numerically or as percentages.

Key Benefits

• Streamline communications with built-in workflow and exception handling.
• Create and employ match sets on an ad hoc basis with powerful and intuitive interface.
• Reduce manual labor with defined matching rules that run swiftly and automatically as needed.
• Reduce keying errors by eliminating spreadsheet ticking and tying.

BlackLine’s Transaction Matching module rapidly delivers measurable ROI with easy integration and configuration.