Over 167,000 users from more than 1,700 customers of all sizes and industries use BlackLine software solutions to streamline and automate period-end and other accounting processes. Accountants around the world are reconciling accounts, posting journal entries, and executing tasks every period in BlackLine. Insights takes this information, anonymizes it, and turns it into actionable intelligence, enabling CFOs and Controllers to see how their team, department, and company stack up against different industries, geographies, and company sizes across KPIs specific to accounting and finance operations.
BlackLine Insights Overview
With BlackLine Insights, you will literally see the productivity gains that you get from implementing BlackLine software. Insights complements BlackLine’s Dashboards and Enhanced Reporting, which are views into current financial close and period-end accounting processes, with deep operational analytics. Stats such as average number of completed assignments, on-time completion percent, average reconciliation rejection rate, auto-reconciliation rate, and many more provide you with unprecedented visibility into your accounting operations.
BlackLine Insights provides comparative analysis and benchmarking to help companies continually improve internal processes through data-driven decisions. Unlike survey-based benchmarking, Insights uses real data from the actions taken by 130,000 users and enables comparison against other organizations based on industry, region, business size, and more. Insights delivers intelligence that is actionable and can truly be used to stay ahead.
Insights is a solution for accounting and finance teams to constantly monitor and modernize their processes. It facilitates analysis of the accounting teams’ performance within an organization. These analytics, specifically focused on internal accounting practices, will help clients better understand their own processes, workload, individual performance, and more.
The BlackLine Finance Controls and Automation platform is the world’s most trusted technology for finance and period-end accounting automation. BlackLine Insights integrates with all BlackLine solutions to deliver the only complete Enhanced Finance Controls & Automation platform that provides benchmarks tailored to accounting and finance.
The Case for Benchmarking Finance and Accounting
BlackLine’s vision is to modernize the finance and accounting function to empower greater productivity and detect accounting errors before they blow up into a devastating financial restatement. 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. BlackLine’s platform empowers an innovative concept called Continuous Accounting. This new approach embeds automation, control, and tasks not typically performed until the period-end, directly within day-to-day activities, allowing the rigid accounting calendar to more closely mirror the dynamic nature of the actual business cycles. As a result, companies can constantly monitor for error, fraud, and inefficiency. BlackLine Insights is a critical component of Continuous Accounting as it constantly monitors accounting operations outcomes so organizations can continually hone their process
BlackLine enables clients to move beyond outdated accounting processes and point solutions that help accountants and finance professionals work smarter and more efficiently. The accounting and finance departments of more than 1,700 customers currently leverage the unified BlackLine platform to perform mission-critical processes in near real time — including financial close, reconciliation management, journal entry management, intercompany transaction management, and controls assurance. 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 strengthens controls, lowers compliance risks, and introduces greater efficiencies and visibility in every step of the accounting process.