BlackLine

Good tool for account reconciliation in a GBS center

Kommentare: We started using it to replace our old client-server based software to support the month-end GL reconciliation process for various entities in our global company.

Vorteile:

Due to the cloud technology it is available from anywhere. It could be really useful if you should manage GL reconciliation for many entities with different ERPs (it was our case) Easy to use interfaces, very good support. Can support the internal or external audit procedure and can reduce its cost. Auto-certification is sophisticated with several customization possibilities.

Nachteile:

The implementation was a bit longer than expected (it was also because of our internal resources). With our current setup line level info cannot be loaded, so Excel sheets - as attachments - are remained after go live.

Once you have it, you won't want to be without it

Kommentare: I don't have a single bad thing to say about this software. The company I work for now doesn't have it, and I really wish we did. I miss it every day!
It is a great month end tool. Nothing better in my opinion.
For corporations looking to get a better understanding of your account balances - this was wonderful. Asking and waiting for information was a thing of the past, when all you had to do is log in and pull up an account to see it's balance and supporting detail.

Vorteile:

I LOVE this software. As an accountant, there is no better tool at month end to get your accounts reconciled. Account Reconciliation becomes a breeze, and It makes those dreaded audits not so horrible. Everything is neatly tucked into a software, where the auditors can be set free (in their own approved audit login of course). From Account reconciliation, to matching, and bank reconciliation...I loved this software the more I used it. I even tried to find an open position to work for them!

Nachteile:

When you get started, its like anything, you learn how it all works. In the beginning the only con for me was the level of help (this was back when this software started). But now there are so many online tools to help you with any questions you may have. And their customer service is great and helpful. Super easy to submit a ticket for an issue, and response time was great.

Much to improve

Vorteile:

I use this in monthly accounts reconciliations. Great tool for store data and for making the summary of balances in accounts.

Nachteile:

There is too many fields to fill, many not needed options. When users have many accounts assigned Blackline is realy slowly.

I hope there is a better reconciliation software out there

Kommentare: We had an awful implementation, so i'm sure I'm a bit biased. The Blackline team was not responsive and it took much longer than it should have to implement. There is also not very good customer service options, so any issues that we have are not fixed in sufficient time.

Vorteile:

It allows for uploadable data and syncs with our bank and Intacct.

Nachteile:

This is the clunkiest software I've ever used. It's not really intuitive and seems like it's dated back from the 90s. It does the job, but I feel like they should really focus on their user interface.

Blackline Integration with Data Management Software such as SAP

Kommentare: Since SAP has been integrated with BlackLine, reconciliations every day+5 of the month end processes are a lot easier. Variances and discrepancies are easily dealt with. Blackline has only been limited to its functions as well as the real-time processing of data.

Vorteile:

It is a web-based application for performing account balances reconciliation which can be easily integrated with other financial software such as SAP.

Nachteile:

The software is limited to reconciliations and intercompany transactions wherein the vast majority of software are investing on in-memory capacity and cloud for more flexible transactions.