BlackLine’s Account Reconciliations module helps communications companies eliminate manual, labor-intensive processes and spreadsheets, saving substantial amounts of time and making the account reconciliation process significantly more efficient. The ROI realized by AT&T was so phenomenal that they were a winner of the Nucleus Research Technology ROI Awards, achieving ROI of 689 percent and a Payback Period of 1.8 months. This critical control also helps organizations meet financial compliance requirements and reduce the potential for error to ensure they have the most accurate financial reporting possible through this accounting software for communications organizations.
Communications companies use the Task Management module to centralize all of their checklists and policies, automate previously manual processes and improve overall visibility for a streamlined financial close. It enables them to manage multiple tasks simultaneously, schedule due dates, track progress throughout the close and ensure that tasks are completed in the proper order before being certified. The Consolidation Integrity Manager automates tie-outs between general ledgers and consolidation systems, auto-certifies reconciliations that do tie-out and links to associated journals. Finally, Some BlackLine communications clients have found a unique way to use Transaction Matching, leveraging it to track inventory that is in-transit as well as in stores and warehouses.