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BlackLine Financial Close Management description
BlackLine Financial Close Management is a cloud-based platform designed to modernize how companies handle their month-end financial close. It replaces error-prone spreadsheets with automation and better data management for tasks like account reconciliation and journal entries. This helps mid-sized to large companies in any industry improve accuracy, speed up the close process, and free up their finance teams for higher-value work. BlackLine is highly rated by its users and emphasizes data security.
Who is BlackLine Financial Close Management best for
BlackLine streamlines the financial close process for mid-sized to large businesses. Users praise its automation of tasks like reconciliations and journal entries, along with robust audit trails. However, some find the software complex and slow. It's best for companies wanting to improve accuracy and efficiency in their accounting.
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Best fit for medium to large businesses.
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Ideal for finance, retail, manufacturing, and similar industries.
BlackLine Financial Close Management features
| Supported BlackLine offers detailed audit trails for data accuracy and compliance. |
| Supported Bank reconciliation is supported through the Reconciliation Management module. |
| Supported BlackLine offers customizable dashboards and reports to visualize progress and performance. |
| Supported BlackLine supports assigning and tracking tasks, including meeting-related ones. |
| Supported Journal entries can be created, managed, and automated, including integration with ERPs. |
| Supported BlackLine automates time-consuming accounting tasks, reducing errors and boosting efficiency. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Scalability
BlackLine Financial Close Management reviews
We've summarised 897 BlackLine Financial Close Management reviews (BlackLine Financial Close Management G2 reviews) and summarised the main points below.
- Centralized platform for reconciliations, journal entries, and tasks, improving organization and visibility.
- Streamlines and automates many month-end close processes, saving time and effort.
- Robust audit trail and documentation features enhance compliance and transparency.
- Provides real-time status updates and notifications, improving communication and accountability.
- Auto-certification rules and templates increase efficiency and reduce manual work.
- Slow performance is frequently reported, impacting user experience.
- Limited customization options, especially for reporting and dashboards.
- Steep learning curve for new users due to complex features and limited documentation.
- Integration with non-SAP ERP systems can be challenging and require manual workarounds.
- Occasional bugs and glitches disrupt workflows and require support intervention.
BlackLine Financial Close Management pricing
The commentary is based on 33 reviews from BlackLine Financial Close Management G2 reviews.
BlackLine is generally viewed as a valuable tool for financial close management, offering automation and efficiency. However, many reviewers mention the high cost, particularly for add-ins and licensing, making it potentially less accessible for smaller organizations with tight budgets. Despite the price, most users consider BlackLine a worthwhile investment due to its time-saving capabilities.
Users sentiment
BlackLine Financial Close Management alternatives
FloQastBetter for e-commerce, hospitality, automotive, and government. Has stronger momentum. Higher rated by users.Read more
AicoBetter suited for large enterprises. Has stronger website traffic momentum but slower employee growth. Higher average rating. Billing is entity-based, not per user.Read more
SAP S/4HANA CloudBetter for small businesses. Offers broader features like CRM, supply chain, and HR management. Higher rated by users. More expensive and complex to implement. Slower customer support.Read more
QuickBooks Desktop EnterpriseBetter for basic accounting, daily transactions, and payroll. A BlackLine competitor, QuickBooks Desktop Enterprise offers more user-friendly software but has less focus on financial close automation. It lacks the robust audit trails of BlackLine.Read more
Panaya Change IntelligenceBetter for managing software updates and changes, particularly for SAP, Oracle, or Salesforce systems. Focuses on risk reduction and automation of testing during upgrades and migrations. Users love the ease of use and centralized test management.Read more
Oracle Financial Consolidation and CloseBetter for larger enterprises with complex reporting needs. Has stronger website traffic growth momentum. More positive pricing sentiment. Users report better automation and reporting features, but also slower performance and a more difficult interface.Read more
BlackLine Financial Close Management FAQ
What is BlackLine Financial Close Management and what does BlackLine Financial Close Management do?
BlackLine Financial Close Management is a cloud-based platform automating and streamlining the financial close process for mid-sized to large businesses. It replaces spreadsheets with automation for tasks like reconciliations and journal entries, improving accuracy, speed, and freeing up finance teams for strategic work.
How does BlackLine Financial Close Management integrate with other tools?
BlackLine integrates with various ERP systems, including SAP, Oracle, and NetSuite, to automate data transfer and streamline the financial close process. It also connects with other accounting and reporting tools to enhance functionality and data analysis.
What the main competitors of BlackLine Financial Close Management?
Top alternatives to BlackLine Financial Close Management include FloQast, Aico, and SAP S/4HANA Cloud. These competitors offer similar features for financial close automation, reconciliation management, and journal entry processing, catering to mid-sized and large businesses.
Is BlackLine Financial Close Management legit?
Yes, BlackLine Financial Close Management is a legitimate and safe cloud-based software. It's designed to automate and streamline the financial close process for mid-sized to large businesses, offering features like account reconciliation, journal entries, and task management. It is highly rated by users for its automation capabilities and improved organization.
How much does BlackLine Financial Close Management cost?
I cannot find pricing details for BlackLine Financial Close Management. Contact BlackLine directly to discuss pricing and determine if the product's financial close management features are worth the investment for your business.
Is BlackLine Financial Close Management customer service good?
BlackLine's customer service receives mixed reviews. While some users praise the helpfulness and responsiveness of the support team and readily available resources, others mention slow response times and inadequate support, especially after implementation. A few users also wish for more proactive guidance.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.