Balance Sheet Integrity
Automate any type of manual reconciliation
The BlackLine Balance Sheet Integrity solution standardizes and automates reconciliations - from general ledger, to balance sheet account, to bank, credit card, cash, and inventory reconciliations - streamlining and controlling close cycles to minimize the risk of material errors and misstatements, and enabling accounting and finance teams to focus their efforts on performing value-added activities and delivering confidence and trust in their organization's financial statements. A complete solution that supports IFRS and GAAP standards, Balance Sheet Integrity helps organizations achieve a key milestone on the journey to Modern Finance, moving beyond manual, error-prone, and spreadsheet-driven tasks to standardized, streamlined internal processes that provide greater transparency into accounting performance.
BLACKLINE BALANCE SHEET INTEGRITY
The BlackLine Balance Sheet Integrity solution standardizes and automates reconciliations – from general ledger, to balance sheet account, to bank, credit card, cash, and inventory reconciliations –streamlining and controlling close cycles to minimize the risk of material errors and misstatements and enable accounting and finance teams to focus their efforts on performing value-added activities and delivering confidence and trust in the organization’s financial statements. A complete solution that supports IFRS and GAAP standards, Balance Sheet Integrity helps organizations achieve a key milestone on the journey to Modern Finance by standardizing internal processes and providing transparency into accounting performance, to move organizations beyond manual, error-prone, and spreadsheet-driven processes
Improve Efficiency and Eliminate Manual Processes
Increase efficiency across the close by systematically automating manual, repetitive, and non-value adding components of balance sheet account, bank, credit card, inventory, and other operational reconciliations. With automated data imports, rules-driven transaction matching, and customer-controlled auto-certification rules, companies using BlackLine automatically system-certify 45% of their reconciliations on average, with some achieving more than 70% system-certification to dramatically reduce period-end workloads.
Standardized best practice reconciliation templates and configurable workflows help align processes to operational, financial reporting, and compliance objectives and create consistency in your operations, ensuring that the most up-to-date balances are being reconciled, unusual balances are quickly identified and addressed, and account preparers and reviewers adhere to overall reconciliation policies and procedures. As a result, accountants can focus on analysis, risk mitigation, and exception handling.
Minimize Risk with Proper Controls
Reduce the risk of financial discrepancies through embedded controls while creating transparency and accountability. BlackLine Balance Sheet Integrity enables accounting leaders to maintain proper segregation of duties among accounting team members, provide auditors easy access to review reconciliations, and configure risk rules to quickly identify irregular activity. Each step in the period-end process is tracked with a full audit trail, and every account is fully substantiated.
Drill down into pertinent supporting information directly within BlackLine. You can dive right into your ERP account details, review matched and unmatched transactions, and access management reports, dashboards, and real-time information to analyze accounting data, surface new intelligence, and measure performance against established metrics. Create a secure and controlled global view into the status of your reconciliations, and ditch the paper to gain full visibility into your end-to-end process.
Ensure System Interoperability
Whether you’re on a single ERP or have many disparate, disconnected financial systems, BlackLine is ERP-agnostic and integrates with your technology investments to deliver a complete reconciliation management solution. And because our solution is built on a single codebase, rather than a patchwork of cobbled together technologies acquired over time, our products work together on a private cloud platform, seamlessly and securely sharing datasets and workflows with your organization’s systems.
“When I think about BlackLine, seamless, transparent, greater visibility, and increased control are all words that come to mind.”
Eamonn Matthews, Business Process Lead – Accounting & Reporting, The Coca-Cola Company