More than 200 retail organizations trust BlackLine to deliver F&A transformation across the Office of the CFO.
The retail industry is rapidly evolving as consumer behaviors shift and digital channels reshape the shopping experience. Retailers are adapting by embracing e-commerce, omnichannel strategies, and personalized customer engagement to stay competitive.
Finance and accounting teams in retail must also keep up with these changes. Faced with tight margins, fluctuating demand, and complex inventory management, they need technology that improves financial visibility, streamlines operations, and enables real-time insights to drive profitability and support future growth.
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, credit card processors, inventory and retail management systems, and banks, reducing the risk of process breakdowns and undetected financial statement errors and enabling teams to focus their times on anomalies and exceptions.
Spreadsheet-driven, manual management of retail-specific accounting processes lead to inefficiencies, uninformed business decisions, and financial statement inaccuracies. BlackLine centralizes, standardizes, and automates these processes, providing real-time visibility and enhanced control, so your teams can make informed decisions and report with confidence.
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 transfer pricing of intercompany flows exposes organizations to audit risks and potential remediation penalties. Our solutions provide built-in logic to both apply the correct transfer pricing rules and tax considerations to every transaction in the end-to-end flow and readily identify externally produced transactions that fall outside of acceptable tolerances.
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.