BlackLine biotechnology and pharmaceutical clients depend on the Account Reconciliations module and pharmaceuticals accounting software to ensure their financial close processes are timely and accurate. They also find it helps them save time and money; eliminate spreadsheets; meet SOX compliance; and gain an advantage with auditors, because it allows them to see what they need, when they need it. Many pharmaceutical companies also use the Variance Analysis module and accounting software for pharmaceuticals companies to automatically conduct variance and fluctuation analyses, using a rule-driven process that monitors all balance fluctuations.
BlackLine’s Software-as-a-Service (SaaS) delivery model is particularly appealing to pharmaceutical companies, because many of them have multinational operations. SaaS allows them to access financial data anytime, anywhere, standardize processes across all of their geographic locations and better collaborate overall.