More than 335 travel & hospitality companies trust BlackLine to deliver F&A transformation across the Office of the CFO.
The travel and hospitality industry is undergoing a transformation as it adapts to changing traveler expectations, digital innovations, and a focus on personalized experiences. Companies are leveraging new technologies to enhance guest satisfaction, streamline operations, and remain competitive in a dynamic market.
Finance and accounting teams in travel and hospitality must evolve alongside these changes. Confronted with fluctuating demand, cost pressures, and the need for operational agility, they require technology that improves financial transparency, optimizes resource allocation, and supports strategic planning to drive profitability and long-term success.
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 time on anomalies and exceptions.
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, especially when it comes to unpredictable cash flows from high volumes of vendors and customers in an industry affected by seasonality and external factors like tourism trends, pandemics, and natural disasters. 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 cross border transactions, internal cost allocations, and transfer pricing of intercompany flows across disconnected systems and data silos exposes organizations to audit and compliance risks and potential remediation penalties. Our AI-powered solutions help organizations create, balance, and settle intercompany transactions in an automated, centralized, and collaborative environment, delivering the built-in logic to both apply the correct transfer pricing rules and tax considerations to every transaction and visibility necessary to navigate the end-to-end flow.
Handling large volumes of leases and fixed assets is time consuming and manual. Our solutions enable companies to import data from third party sources like lease software or subledgers to facilitate automated matching of transactions, automated amortization and depreciation schedules, including posting of related journals, and auto-certification of account reconciliations, enabling standardized, accurate processes and real-time reporting.
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.