BlackLine’s Consolidation Integrity Manager Module replaces a manual tie-out process between general ledgers and consolidation systems. Companies typically use a spreadsheet process to verify that late-posting journals made to the general ledger are also reflected in the consolidation system and that the balances do net before financial reporting is considered complete.
The Consolidation Integrity Manager Module supports the following:
Automated uploads from GL’s and consolidation systems,
Many-to-one relationships between general ledger and consolidation accounts,
Auto-Certification of reconciliations that tie out,
Links to journals that result from tie out process.
Automatic decertification and notifications if balances change on certified reconciliations
The Consolidation Integrity Manager modules provides a key control around this important validation step of the financial close.