BlackLine’s Software-as-a-Service (SaaS) delivery model saves credit unions time and money right from the start, because there aren’t any upfront hardware and software costs or ongoing IT management requirements. Everything is covered in one standard per-user, per-month cost, which allows credit unions to easily predict their monthly costs. SaaS also allows credit unions to keep their geographically dispersed branches on the same system, because users can access it from anywhere.
With BlackLine’s accounting software, credit unions gain valuable time savings and employ the most efficient and accurate accounting processes with the Account Reconciliations module, by allowing them to automate many manual, time-consuming tasks. They also rely on the Task Management module to gain more control and visibility over the entire financial close process as well as manage compliance with NCUA regulations. A number of credit unions employ Transaction Matching to match up a variety of transactions, including:
- ACH warehousing
- ATM transactions
- Cash letters
- Debit card transactions
- Deposits
- E-deposits
- Fed files
- Loan data
- Wire transfers
Learn more about BlackLine’s Financial Close Suite and other financial close modules.
