VARIANCE ANALYSIS
Streamline and centralize the calculation and identification of account balance and activity fluctuations in the cloud.
customers
less time spent on manual work
with BlackLine
For many accounting organizations, even the most straightforward variance analyses are time consuming, spreadsheet based, and error prone. They involve collecting data, performing calculations, and hunting for explanations.
BlackLine Variance Analysis automates the calculation and identification of account balance and activity fluctuations. This enables continuous monitoring for risk, ensuring the effective and timely execution of critical management review controls and supporting agile decision-making.
Accelerate variance analyses with a proactive and continuous approach that doesn’t require waiting for period-end.
Variance Analysis integrates with your ERPs and source systems, securely imports GL and other data, and alerts users to unusual or significant fluctuations for investigation. With information centralized across the enterprise, the right decisions are made on the right information.
Continuously monitor for risk and ensure the appropriate and timely execution of your internal controls.
Variance Analysis offers real-time dashboards and reports to provide a complete view into the status of every fluctuation requiring explanation. Fluctuations are automatically calculated, and configurable business rules identify unusual activity and route variances to owners for further investigation and explanation.
Significantly reduce the amount of manual work involved in variance analysis and free critical finance and accounting capacity to focus on issue resolution, rather than non-value adding tasks.
Variance Analysis imports balances and activity in real-time and automates calculations to continuously monitor changes and trends. With more timely insights, you can prevent errors and positively impact organizational decisions and performance, faster.
The ability to identify and analyze financial changes from period to period and account to account is one of the most effective ways to manage and mitigate risks.
Two automated solutions that are not necessarily on the CFO’s shortlist—transaction matching and variance analysis—are fast coming into their own as additional safeguards against the risk of error or fraud.
The pull of expectations beyond traditional transactional accounting, budgeting, and financial reporting is growing. This is overtaxing F&A teams, largely because nearly half of their time is still spent on transactional activities.
Solutions
Consolidation & Financial Analytics
Modern Accounting Playbook
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