ROLLFORWARD PROCESSES
Reimagine your rollforward process.
Save time, reduce errors, and enhance reporting quality by streamlining and optimizing your end-to-end rollforward process.
99%
of fixed asset transactions are automatically assigned to the appropriate rollforward category so the team can spend time analyzing data and making necessary changes directly within BlackLine.
The Importance of Rollforwards
Rollforwards enable F&A organizations to understand activity over a period of time and play a significant role in maintaining the integrity of financial reporting.
Common rollforwards include:
Fixed Assets
Intangible Assets
Investments
Prepaid Expenses
Leases
Inventory
Accounts Receivable
Accounts Payable
Income Taxes
Debt
Equity
Retained Earnings
challenges
Why Manual Rollforwards Are Unsustainable
Manual Processes
Are you performing the following rollforward process activities manually?
Aggregating detailed transaction data
Updating spreadsheet formulas
Assigning individual transactions to a specific category
Creating formulas to group GL accounts
Booking related journal entries
Risks & Challenges
Manual rollforward processes have downstream effects that carry risk and pose additional challenges.
Incomplete data
Inaccurate category assignment
Errors in spreadsheet formulas
Missed reporting deadlines
Too much time spent and resources allocated
WHY BLACKLINE
What BlackLine Brings to the Rollforward Process
Only BlackLine can provide the level of automation and synergies that enable your organization to transition to an automated rollforward process, increasing efficiency and shifting time from compiling the activity to analyzing it. Our integrated financial close solutions empower F&A organizations to:
Import transaction data from your GL and other data sources into BlackLine
Enhance the data to automatically categorize transactions to the appropriate rollforward bucket, group accounts, perform calculations, and more
Compare multiple data sets for purposes like validating against consolidated results, identifying required adjustments, or adjusting to cash basis
Automate adjustments or standard journal entries
Link adjustments to the face of the related account reconciliation
Analyze transactions and provide more timely insights through increased visibility and reporting
Want step-by-step guidance and examples on how you can automate your rollforwards?
Optimize More Processes
Rollforward processes are part of the BlackLine Nine. With our framework, you can apply proven strategies to optimize key processes.
Accruals
Supercharge your accrual processes by leveraging end-to-end process automation.
Amortization
Save time and increase accuracy by automating and optimizing your amortization processes.
Calculations
Optimize capacity, control, and value by automating your calculation processes.
Subledgers
Harness the power of your subledger data without having to load it yourself.
Suspense & Clearing
Your suspense and clearing accounts may net to zero, but how much time is your team spending to get there and are you confident in the process?
Solutions
Consolidation & Financial Analytics
Modern Accounting Playbook
Company
© 2024 BlackLine Inc.