Move fast and break things doesn’t work in finance and accounting. If your R2R solution leverages Artificial Intelligence or Machine Learning, you need to trust it does so in a way that strengthens your compliance posture. A big part of that? Your journal entries. 

The high number of manual touches with journals makes them a breeding ground for errors. BlackLine helps eradicate this by automatically creating your journal entry and posting it directly to your ERP. And depending on the dollar value of the journal, this can either be posted using a touchless process or filled out ready for a team member to check over and post to the ERP. 

Aside from being a huge breeding ground for errors, journals are also a gigantic waste of time. Especially when you consider the impact across all of your financial close processes. Your business likely books hundreds, if not thousands, of journal entries every month. When you consider the manual handling of each one, including the reviewing and approval, each of those 15 minute tasks adds up. 

Using Automated Journal Entry, you can realize some serious efficiency gains. For example, one BlackLine customer saved 900 hours per month across just one account.