The BlackLine Account Reconciliation product ensures the accuracy of financial data. Accountants can verify the accuracy of account balances across all balance sheet accounts by comparing data in two sources, investigate any discrepancies and make the required corrections.
The product can import data from Sage Intacct, provide templates to standardize the reconciliation process across the company. Segregation of duties and levels of review to enforce controls are provided, as is a document repository to store and safely archive supporting documentation. This feature presents clear visibility into the reconciliation to ensure timeliness in performing the close.
Automation saves time for the accounting organization, reduces risk of errors in financial reporting for the CFO and provides auditors with the means to assess the controls around the financial close.
Streamline the Reconciliation Process: BlackLine provides accountants with an intuitive interface for performing account reconciliations that includes standardized templates, workflows for preparation, approval and review, linkage to policies and procedures, and integrated storage of supporting documentation.
Dramatically Enhance Internal Controls: Account Reconciliations software removes the risk of the old world of paper-based, manual spreadsheets by maintaining proper segregation of duties, creating post-certification view-only records, automatically adding new ERP accounts, and gaining unprecedented visibility into accounting processes.
Standardize and Optimize Process: Enforce standardization across the reconciliation process to improve quality and accuracy of financial data. Modernizing the approach to defining the account reconciliation process reduces errors and inaccuracies so accountants focus on analysis, risk mitigation, and exception handling.
Sage Intacct Web Services
BlackLine is a provider of cloud-based solutions for Finance & Accounting (F&A) that centralize and streamline financial close operations and other key F&A processes for midsize and large organizations. Designed to complement ERP and other financial systems, the BlackLine Finance Controls & Automation Platform increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management, fueling confidence throughout the entire accounting cycle.
BlackLine’s mission is to continuously improve the quality, accuracy and efficiency of Finance & Accounting by centralizing key functions within a single, unified cloud platform. Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day activities, BlackLine helps companies achieve Modern Finance status, ensuring more accurate and insightful financial statements and a more efficient financial close. More than 2,200 companies with users in approximately 150 countries around the world trust BlackLine to ensure balance sheet integrity and confidence in their financial statements.
BlackLine has recognized by Gartner as a Leader 2 years in a row in Gartner's 2017 and 2018 Magic Quadrant for Cloud Financial Close Solutions.
Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com.