With so many steps and dependencies in the financial close, it is easy to waste time and increase risk by missing vital tasks or skipping critical approvals. The best run accounting organizations define and standardize their close processes from corporate to subsidiary, have clear visibility into progress, ensure controls and documentation, and have accountability and assignment of tasks. BlackLine Smart Close enables a simplified, standardized, and automated financial close, embedded directly within SAP.
Define periodic check lists, pre-close activities, closing tasks, internal controls, report verifications, manual processes, milestones, notifications and more. Customizable overviews of the close process and financial data make it simple to see issues and roadblocks in real-time. Get a live overview on the status of each aspect of the close period process with traffic light indicators showing completion levels.
Automate task and job scheduling, execution, and monitoring of close tasks, as well as outcome verification and escalation ― from corporate to subsidiary. Job scheduling even works with your organization’s own internal scheduling tools. Built-in scheduling process templates for tasks like suspense account monitoring, and open item analysis put time-consuming tasks on auto-pilot.
Gain access to all data in SAP, including historical data, with no need to learn a different application. Working with live SAP data makes it easy to create last-minute postings, see accounts with changes, and verify them, in real-time. BlackLine Smart Close for SAP automatically uses SAP user roles and authorizations, works with single sign on, and completely mirrors the SAP user experience, minimizing the need for end user training.
BlackLine builds solutions that modernize the finance and accounting function to empower greater productivity and detect accounting errors before they become problems. BlackLine products work in unison to eliminate manual spreadsheet-dependent processes prone to human error. BlackLine Account Reconciliations automates and standardizes the reconciliation process, and natively integrates with other BlackLine products to help manage every element of reconciliations and the financial close. Streamlining account reconciliations helps ensure accurate and efficient accounting activities, free from manual, error-prone practices. BlackLine is the only provider that offers a unified cloud platform supporting the entire close-to-disclose process and the leader in Enhanced Finance Controls and Automation software. BlackLine enables clients to move away from out-of-date practices and help finance and accounting professionals work smarter, more efficiently, and accurately. Clients around the world use BlackLine. BlackLine’s cloud platform unifies the experience of more than 178,000 people around the world as they accurately, securely, and efficiently execute critical accounting tasks from reconciliations and journals to intercompany settlement and the financial close.