BlackLine Systems

Rating: 0 - Write A Review
21300 Victory Blvd., 12th Floor
Los Angeles, CA 91367
About BlackLine Systems
  • BlackLine Systems specializes in solutions that optimize and automate financial close processes. An astonishing number of processes within the accounting and finance group are still manual, spreadsheet-driven, and error-prone. The functionality that is offered in BlackLine's applications is often missing from ERP and accounting systems. An intelligent use of technology to implement rules-driven automation can help companies drastically cut costs. (See our case study for an example of a client saving $40,000 per month.)

    BlackLine offers the following modules:

    Balance Sheet Account Reconciliations - Automate and monitor a key critical control. Know where you are in the process at any given point in time. Be confident that reconciliations, even in remote locations, are being completed accurately and on-time. Evaluate the materiality of exceptions across the entire organization.

    Task Management - Replace the "binders full of checklists" required by most companies to track their close calendar process. Use electronic sign-offs, flexible due dates, and task dependencies to gain full visibility into the close process.

    Journal Approvals - Compliance regulations require management sign-off on all manual journal entries. While some companies use functionality in their ERP systems, many others have a paper-intensive process. Replace this process with a streamlined electronic sign-off that includes all supporting documentation.

    Variance Analysis - Implement an automated rules-driven process to monitor the fluctuation tolerances set for your company or even particular business units. When a variance rule is broken, the system automatically notifies the people responsible for explaining variances.

    Transaction Matching - Validate high volumes of transactions against one another efficiently and accurately. Intuitive exception aging and processing integrates seamlessly with period end reconciliations.

    Journal Creation - Create, validate, and approve journals before seamlessly posting or exporting them into your ERP or GL. Flexible and powerful validation rules result in little to no exceptions in journal postings.

    Each of BlackLine's modules incorporates capabilities in the areas of supporting document management, automated email alerts, auditor access, and advanced data interfacing.
Competitors of BlackLine Systems
  • Morningstar Research Inc. - C.P.M.S.

    Morningstar CPMS provides fundamental data, Brokers' estimates and software for use in backtesting, stock selection and market, industry and portfolio analysis. We provide coverage totaling over 3000 companies in the U.S. and Canada.
  • SS&C Advent Software

    Over the last 30 years of industry change, our core mission to help our clients focus on their unique strategies and deliver exceptional investor service has never wavered. With unparalleled precision and ahead-of-the-curve solutions, we've helped over 4,400 firms in nearly 60 countries — from...
  • Broadridge Financial Solutions, Inc.

    We provide advanced communications, technology, data and analytics solutions for the financial services industry and businesses. We help drive business transformation for our clients with solutions for enriching client engagement, navigating risk, optimizing efficiency and generating revenue growth.
Products by BlackLine Systems
  • BlackLine Financial Close Suite

    BlackLine Systems’ suite of financial software applications automates the entire financial close process for staff in accounting and compliance departments in companies of all sizes. The BlackLine suite includes modules for Balance Sheet Account Reconciliations, Task Management, Journal Entry,... Read more
  • Account Reconciliation Software

    Account reconciliations are a critical control for compliance and for accurate financial reporting. For many companies, the financial close process is an ongoing attempt to organize and track thousands of spreadsheets across many locations. Reconciling accounts is a manual, labor-intensive... Read more
  • Task Management

    BlackLine’s Task Management module is, like many of our modules, the direct result of a client’s request for help. Many companies have found that checklists and disparate policies can delay and complicate the close process. With BlackLine, they can automate the process of checking off different... Read more
News about BlackLine Systems
  • BlackLine Sweeps TrustRadius Awards Taking 1st Place In All Financial Close Categories Posted

  • BlackLine Receives Multiple Honors For Quick, Compassionate COVID-19 Response Posted

  • BlackLine CEO Named A Top Woman Leader In SaaS Posted