Your enterprise resource planning (ERP) system is an indispensable tool in your organization’s financial strategy – crucial for coordinating myriad accounting processes, ensuring compliance, and reporting to stakeholders.
But no ERP can do it all. Despite the maturity of many ERP solutions, they simply were not designed specifically for accounting and close processes. BlackLine is designed to plug functionality gaps in core financial processes and complement your ERP system. Whether you have one cloud-based system or many on-premise systems across the globe, integrating your ERP with BlackLine helps by bridging the gaps associated with complex finance and accounting processes. This provides real-time visibility into the status and accuracy of your close, and saves IT resources from creating labor-intensive ad hoc solutions to emerging challenges. BlackLine solutions provide critical “last mile” functionality missing from ERP platforms.
Most financial systems are tailored to a bygone era of accounting processes. Traditional finance is time-consuming and error-prone, even with the latest in technology. At its core, an ERP is designed to verify complex transactional information, not validate it. While ERPs can and do automate many accounting processes, they fall short when it comes to certain critical processes, such as the financial close. However, by integrating your ERP with BlackLine, you can modernize and automate accounting processes and improve accountant efficiency, gain new visibility into key financial processes, and reduce risk with controls enforcement.
Download BlackLine ERP Integrations Data Sheet
The elimination of the risks associated with reporting and closing accurately require not only the installation of controls, but effectively enforcing them as well. To get the most out of the application, BlackLine clients import financial data from the ERP – eliminating the risk of data entry errors – and rely on the key controls around which BlackLine was built. Clients standardize their processes, enforce rules, and add workflow throughout their organization. Each step in the process is tracked with a full audit trail and configurable risk rules to quickly identify irregular activity.
From the very beginning, BlackLine was driven by customer needs. The very first incarnation of the account reconciliation product was launched when a customer described how difficult it was to track who owned what reconciliations in a spreadsheet. BlackLine’s commitment to its clients and their users persists. From the always accessible learning management system, BlackLine U, to our 24/7/365 customer support, it is an organizational imperative to not only get users up and running quickly, but also give them resources within BlackLine when needed. Input from client organizations filters through a community of users providing feedback that directly informs and drives the future of the product.
BlackLine provides simple, secure, and automated tools to import data from any system. The ease of integration allows users to send data from their ERP to BlackLine as well as from BlackLine to their ERP. The system is truly ERP and system agnostic – we support files from any single system, from multiple systems in use, and from third parties on your behalf. In addition, for companies with multiple systems and complex needs, we can connect with any number of general ledger systems simultaneously, resolving many of the issues associated with consolidating data across systems.
BlackLine is the leader in Enhanced Finance Controls and Automation (EFCA) software and the only provider that offers a unified cloud platform supporting the entire close-to-disclose process. The BlackLine Finance Controls and Automation Platform helps midsize companies and large enterprises by filling in the gaps left by ERP and CPM systems, and thereby strengthening controls, lowering compliance risks, and gaining greater efficiencies and visibility throughout the last mile of finance. Delivered through a scalable and highly secure cloud model, and built from a single code base, the platform supports many key accounting and financial processes, including the financial close, account reconciliations, intercompany accounting, and controls assurance, fueling confidence throughout the entire accounting cycle.