How does BlackLine streamline and automate journal entry management?

BlackLine is the only platform that combines comprehensive, AI-enabled journal entry insights with automation for journal entry creation, validation, posting, and documentation. This enables end-to-end journal entry management for maximum efficiency, accuracy, and intelligence.

How does Journals Risk Analyser enable future-ready financial operations?

Journals Risk Analyser enables future-ready financial operations by providing:Accuracy: Ensure accurate financial data and reporting, reduces risk, and addresses compliance issues before they escalate.Efficiency: Streamline audits and reduce related challenges and identify opportunities for process improvement.Intelligence: Leverage generative AI to provide key trends, insights, and anomaly detection associated with manual journal entries.

How does Journals Risk Analyser integrate with existing ERP systems?

Journals Risk Analyser seamlessly integrates with existing ERP systems, third-party financial systems, and other BlackLine applications. BlackLine is ERP agnostic and partners with many ERPs, including SAP and Oracle. BlackLine can integrate with virtually any ERP system and support multi-vendor, multi-instance environments.

What is the difference between BlackLine’s Journal Entry and BlackLine’s Journals Risk Analyser solutions?

BlackLine Journal Entry is a comprehensive solution that integrates with your ERPs and other BlackLine solutions to centralize and automate your entire journal entry process, including journal creation, validation, review, and posting. Organizations do not need to have BlackLine Journal Entry to gain insights into their journal entry population with Journals Risk Analyser. While the two solutions combined provide a holistic, intelligent approach to journal entry management, every organization has different needs. Journals Risk Analyser provides teams with a central location to visualize the entire journal entry population, leverages AI to identify key trends and detect anomalies in manual journal entries, and reduces overall risk, preventing adjustments and audit issues.

Can Journals Risk Analyser help with compliance requirements like SOX?

Yes, Journal Risk Analyser helps companies monitor compliance with internal controls and company policies. It also assists with year-end audit procedures, such as journal entry reviews, where auditors download the entire journal entry population and test for specific attributes.

What types of anomalies can Journals Risk Analyser detect?

Journals Risk Analyser uses AI to identify anomalies and patterns within large datasets that are not easily recognizable by humans. It can detect various types of anomalies:Unusually large journal entriesEntries booked on a specific day or to a certain business unitPotentially fraudulent entriesEntries with unique attributesJournals Risk Analyser searches millions of transactions and returns unusual entries based on pre-set rules, enabling teams to drill down on potentially risky journal entries and review supporting documentation.

Is the Journals Risk Analyser suitable for companies of all sizes?

Yes, Journals Risk Analyser is suitable for companies of all sizes and industries. If your company books journal entries, you can benefit from the increased visibility into your journal entry population that Journals Risk Analyser provides.

Unlock hidden insights and minimize risk with Journals Risk Analyser.

Leverage artificial intelligence to identify key journal entry trends, provide insights, and detect anomalies in manual journal entries.

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What hidden risks are lurking across your manual journal entries?

Journal entries directly impact financial reporting, audit compliance, and decision-making, yet many F&A teams rely on outdated, error-prone processes to post journal entries, exposing the business to increased risk and limiting visibility into the volume, timing, and nature of their journal entries.

BlackLine’s Journals Risk Analyser mitigates the risks related to manual journal entries by providing visibility into your entire journal population, enabling teams to proactively monitor key metrics and irregularities with anomaly detection and natural language querying, stay ahead of audit issues, and decrease the risk of misstatements.

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Go beyond generic AI. Verity AI is built on 20+ years of deep finance and accounting process knowledge and a foundation of trusted data with an essential control layer. It understands your complex workflows, delivering AI that teams can finally trust. Empower your team to become strategic advisors.

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The value of Journals Risk Analyser

14%

of material weaknesses are due to journal entry control issues

— Reported by PwC

9 Year

high in US companies forced to withdraw financial statements because of accounting errors

— Reported by Financial Times

75%

reduction in financial errors by companies that digitize with high technology acceptance

— Reported by Gartner

Journals Risk Analyser features

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Unlock hidden insights and minimize risk with Journals Risk Analyser.

AI Finance & Accounting Can Trust

The value of Journals Risk Analyser

14%

9 Year

75%

Journals Risk Analyser features

Visualize your entire journal entry population on a centralized platform

Accelerate insights across manual entries with artificial intelligence

Prevent adjustments and audit issues while maintaining compliance with a proactive, data-driven approach

Additional resources

Frequently asked questions

How does BlackLine streamline and automate journal entry management?

How does Journals Risk Analyser enable future-ready financial operations?

How does Journals Risk Analyser integrate with existing ERP systems?

What is the difference between BlackLine’s Journal Entry and BlackLine’s Journals Risk Analyser solutions?

Can Journals Risk Analyser help with compliance requirements like SOX?

What types of anomalies can Journals Risk Analyser detect?

Is the Journals Risk Analyser suitable for companies of all sizes?

Can’t wait? See our future-ready products in action today