More than 425 business & professional services companies trust BlackLine to deliver F&A transformation across the Office of the CFO.
The business and professional services sector is transforming as companies increasingly adopt digital tools and data-driven approaches to meet client demands and enhance service delivery. Firms are leveraging technology to streamline operations, improve client outcomes, and stay competitive.
Finance and accounting teams in this sector must also evolve. Faced with complex billing models, rising operational costs, and the need for greater efficiency, they require technology that improves financial visibility, automates processes, and enables more strategic resource allocation to drive profitability and long-term client value.
Matching and reconciling massive volumes of transactional data manually is time consuming, tedious, and error-prone, especially if managed in spreadsheets. Our platform standardizes and automates your reconciliations with the ability to ingest, transform, and match high volumes of transaction level data from multiple systems such as ERPs, banks, credit card processors, and payroll systems, reducing the risk of process breakdowns and undetected financial statement errors and enabling teams to focus their time on anomalies and exceptions.
Manual management of record-to-report activities are inefficient and error-prone. Our solution automates these processes, providing real-time visibility and enhanced accuracy and control, freeing up resources to focus on higher-value activities that drive growth and profitability.
Business and professional services companies book thousands of journal entries per month, increasing the risks related to financial compliance, audit compliance and accurate decision making. BlackLine centralizes and standardizes journal entries across various ERPs, automating workflows from creation to posting, increasing efficiency and control. With AI-driven insights, our solution enhances visibility into the volume, timing, and nature of your journal entries, minimizing risk and maximizing intelligence.
Efficient cash flow management is critical to business health. Our solution optimizes credit management and automates cash application, helping your teams reduce days sales outstanding (DSO), improve working capital, and maintain strong customer relationships.
The inability to proactively manage intercompany non-trade transactions and transfer pricing of intercompany flows exposes organizations to audit risks and potential remediation penalties. Our solutions improve profitability by automating transactions across hundreds of predefined service types and tax jurisdictions and provide built-in logic to both apply the correct transfer pricing rules and tax considerations to every transaction in the end-to-end flow.
Inaccurate financial data can be costly. With our platform’s anomaly detection capabilities, you can identify and resolve financial discrepancies quickly, ensuring accuracy in your financial reporting while reducing the risk of costly errors.