Financial Close Management
Enhanced Finance Controls and Automation Software from BlackLine
Even today, for many organisations, the financial month-end close is heavily labour intensive, excel based, paper heavy, and manually inefficiencient. These weaknesses can result in mistakes on the balance sheet, inaccurate reporting, and are, in most cases, un-auditable and not compliant. BlackLine’s Enhanced Financial Controls and Automation Suite provides finance departments with end-to-end functionality that automates and streamlines manual, spreadsheet-driven accounting and finance processes.
BlackLine provides organisations with a unified and automated platform, real-time visibility into their financial close, account reconciliations, transaction matching, SOX and regulatory compliance. along with numerous other accounting and finance processes. Benefits include: increased productivity, optimised workflows, reduction in time to close and enhanced accuracy. The platform can be accessed anytime, anywhere via BlackLine’s Software-as-a-Service (SaaS) secure cloud delivery model.
Finally, BlackLine provides a modern and accurate way for finance and accounting teams to use the most accurate and efficient closing processes.
The BlackLine platform provides a highly configurable system of integrated applications that address every component of the financial close process and that can be used to automate numerous other accounting and finance processes.
- Account Reconciliations
- Transaction Matching
- Task Management
- Variance Analysis
- Consolidation Integrity Management
- Intercompany Hub
Benefits of the BlackLine Enhanced Finance Controls and Automation Suite
- Efficiency & Automation – BlackLine automates tasks, streamlines the account reconciliation process, and integrates with existing systems for a more efficient financial close.
- Visibility – Management at all levels are provided with visibility into the status of financial close, account reconciliations, tasks, journal entries, and other processes, along with the capability of drilling down into the details that may be needed to understand their areas of responsibility fully.
- Control – Gain and maintain complete control over the financial close and other accounting process from one central location, with proper review, approval, and segregation of duties.
- Ease of Use – The technology is intuitive, easy to use and quick to implement, which makes it widely adopted by finance and accounting departments across the globe.
BlackLine enables eBay to provide global visibility into its complete financial close and account reconciliations process.