BlackLine Variance Analysis automates the monitoring and analysis of account balance fluctuations using customer-defined rules. It provides efficiency, visibility and enhanced controls by identifying accounts whose balances fall outside of configurable thresholds so that these fluctuations can be properly investigated.
Variance analysis uncovers discrepancies faster and is a crucial part of the risk management process. BlackLine proactively monitors and flags accounts that vary outside of an expected range, giving you key insight into inaccuracies—so you’re never caught off guard.
Once a flux is identified, BlackLine intelligently assigns responsibility for explaining the variance, routes those explanations to management, and uses customer-defined variance codes to roll up variance amounts into powerful, real-time dashboards and reports that allow teams to take action on issues.
BlackLine Variance Analysis enables both the efficient monitoring of account balances and easy investigation into the causes of those fluctuations. Workflows alert proper personnel to investigate fluctuations, and are activated when flux thresholds are crossed, ensuring investigations are completed in a timely manner.
- Gretchen Sikora, Senior Finance Leader at Dun & Bradstreet
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 BlackLine enables clients to move away from out-of-date practices and help finance and accounting professionals work smarter, more efficiently, and accurately.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 170,000 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.