High-volume reconciliation can be one of the most painful parts of the financial close. The need to tick-and-tie millions of individual transactions can occupy hundreds of hours each month. The BlackLine Transaction Matching product streamlines and automates detail-heavy reconciliations: bank reconciliations, credit card matching, and invoice-to-PO matching. It has a state-of-the-art matching engine with pass rules designed by business users to meet their specific challenges. When unmatched transactions are found, Finance & Accounting creates reconciling items as part of an Account Reconciliation and includes a direct link to incorrect transactions within a correcting Journal Entry. This is made possible by the integration of the Transaction Matching product with BlackLine’s Account Reconciliation product, making operations smoother.
Match Data Faster: BlackLine Transaction Matching reconciles millions of transactions in minutes. Match and type of data from multiple data sources and identify matched and unmatched transactions rapidly. Stop the insanity of ticking and tying spreadsheets manually and refocus your efforts on investigating discrepancies.
Manage Many and Any Transaction Type: Manage any accounting transaction types including Bank to General Ledger, Bank to Credit Card, Received, Not Invoiced to Received, Invoice Received, Intercompany Transactions, Investment Transactional Matches, Bank to Accounts Receivable, and Third-Party Invoices to Internal Records.
Identify Unmatched Transactions Rapidly: When unmatched transactions are found, accountants can quickly and easily create reconciling items as part of a reconciliation and include a direct link to incorrect transactions within a correcting journal entry. Quickly Identifying unmatched transactions decreases manual work and improves the quality of reporting.
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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.