BlackLine features six integrated products, available in the Polish version, which ensure extensive control, visibility, risk mitigation, and automation to accounting and finance teams.
BlackLine delivers a new kind of services driven by previously unavailable accounting based metrics. Each action, such as preparing or certifying, is logged and identified to build benchmarks. Moreover, BlackLine allows its users to analyze team performance within their company and help them better understand their processes, workloads, and performance.
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ACCOUNT RECONCILIATIONS BlackLine makes it possible to eliminate spreadsheets and manage all of your reconciliations from a central platform with a role based workflow approval process, real-time dashboards, standardised reconciliation templates, and rules-driven auto-certification. The system includes embedded controls and can automatically integrate with virtually any ERP system. |
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TASK MANAGEMENT Owing to BlackLine, accounting and finance tasks can be managed from a centralised, web-based platform with a workflow approval process, real-time metrics, and automatic email alerts. Common task lists include: month-end close; auditor PBC lists; operational checklists; exception handling; and compliance controls. |
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TRANSACTION MATCHING The burden of detail-heavy reconciliations, such as bank recons, credit card matching, intercompany recons and invoice-to-PO matching can get streamlined and automated. The state-of-the-art matching engine allows users to define their matching logic and quickly manage any exceptions. |
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JOURNAL ENTRIES BlackLine offers automation and control to the manual Journal Entry process. The system enables its users to create, review, and approve journals, then certify and store them. Journals can be posted to the general (or sub-) ledger automatically. |
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VARIANCE ANALYSIS BlackLine automatically identifies account changes requiring explanation based on user-defined rules. Accountants can then be automatically assigned to explain fluctuations in account balances and their actions are recorded in detailed management reports. |
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CONSOLIDATION MANAGEMENT Management consolidation with BlackLine is unusually simple and automated. The product includes the same robust workflow approval process and reporting as other products with the ability to roll up multiple accounts or track your topside adjustments. |
BlackLine enables its users to monitor and manage their daily operations, audits, and financial close with real-time reports. Additionally, drill-down capability allows for a quick review of the work done by a single entity, department, or a team.
BlackLine provides repeatable, testable, audit-ready practices. Embedded controls, automated data entry and mandatory reviews/ approvals ensure that the users never worry about being cited for material weakness.
Risk can be reduced to a minimum and financial accuracy can be ensured with automated flux analysis, exception handling, and dynamic risk ratings for all accounts. Every single account, journal entry, or process step is properly completed and attested to by multiple individuals.
Accounting operations will be scaled without additional resources. Blackline automates journal entries, high volume transaction matching, and balance sheet account reconciliations.
BlackLine is a better, more efficient process. The user transforms their financial close with an automatic workflow approval process, email alerts, and the ability to schedule and track system and human tasks. BlackLine greatly reduces or completely eliminates error-prone spreadsheets.