Use cases include daily reconciliations, system-to-system matching and investment reconciliations. BlackLine’s banking clients typically employ the Task Management module to track to-do lists, such as close calendars, auditor PBC lists and regulatory compliance signoffs.
BlackLine’s Financial Close Suite and accounting software for banking provides a level of control and visibility not available with spreadsheet-driven processes. For example, when a reconciliation or task is certified as complete, the contents of that task become view-only, preserving the integrity of the data at the time of certification. Any changes to underlying balances (which may occur in the source general ledger when late journals are posted) result in an automated decertification process with a full audit trail. The write once, read many (WORM) standard is upheld throughout the workflow.
BlackLine serves banking clients headquartered around the world with full support for multiple currencies and various types of reconciliations, including GAAP, statutory, IFRS and more with their accounting software for banking. BlackLine’s banking clients understand that our industry-leading security infrastructure protects all of their information.
Learn more about BlackLine’s Financial Close Suite.