A Critical Control Account reconciliations are a critical control for compliance and for accurate financial reporting.  For many companies, the financial close process is an ongoing attempt to organize and track thousands of spreadsheets across many locations.  Reconciling accounts is a manual, labor-intensive process and opportunities for mistakes abound.  Moreover, managing and auditing a process that is primarily [...]

BlackLine’s Task Management module is, like many of our modules, the direct result of a client’s request for help.  Many companies have found that checklists and disparate policies can delay and complicate the close process.  With BlackLine, they can automate the process of checking off different steps, improving efficiency and visibility. Manage multiple types of task [...]

BlackLine’s Transaction Matching module is a state-of-the art matching engine with powerful, configurable rules-driven matching for transactional level reconciliations. Transaction Matching supports the following: Automatic data  imports from any source, in any format, on a schedule, Flexible, rules-driven “match sets” to allow any type of matching, across other functional areas, Sophisticated exception handling including email alerts, case creation, seamless [...]

BlackLine’s Variance Analysis module allows companies to automatically conduct variance and fluctuation analyses with a rules-driven process that monitors all balance fluctuations.  The Variance module automatically requires explanations to be made by the appropriate account owners when rules are broken, eliminating the need for manual follow-up with phone calls and email. The Variance Module supports the [...]

BlackLine’s Journal Entry module helps companies control and centralize the manual journal entry process. Manual journals may be created, validated, electronically certified, and stored with supporting documentation in BlackLine.  Journals may be uploaded to the general ledger, either one-by-one or in batch on schedule.  Actual journal status and numbers are synchronized with the GL so that [...]

BlackLine’s Consolidation Integrity Manager Module replaces a manual tie-out process between general ledgers and consolidation systems.  Companies typically use a spreadsheet process to verify that late-posting journals made to the general ledger are also reflected in the consolidation system and that the balances do net before financial reporting is considered complete. The Consolidation Integrity Manager Module [...]