Automated reconciliations, task management, journal entry management, variance analysis, transaction matching, intercompany processing, consolidation integrity management, and compliance controls. The system provides real-time visibility into the status of all close activities with customizable dashboards and reports.
Platforms that streamline the period-end financial close process, reducing time and errors in financial statement preparation.
More Financial Close Automation Systems
More Finance and Accounting ...
|
Automated Journal Entry Posting Ability to automate and schedule journal entries to various ledgers. |
Product documentation and website highlight robust automated and scheduled journal entry posting features. | |
|
Account Reconciliation Automation Automatically matches and reconciles account balances across systems. |
Automatically matches and reconciles account balances; core function advertised as automated reconciliations. | |
|
Intercompany Elimination Automates the process of eliminating intercompany transactions for consolidated reporting. |
Intercompany processing and consolidation integrity explicitly mentioned in BlackLine’s featured capabilities. | |
|
Trial Balance Automation Enables real-time automated generation and validation of trial balances. |
Real-time automated trial balance capabilities are detailed in product documentation. | |
|
Sub-ledger to GL Reconciliation Automates and manages reconciliation between sub-ledgers and the general ledger. |
System supports sub-ledger to general ledger reconciliation as a standard feature. | |
|
Accrual Management Automates the accrual calculation and posting for period-end. |
Automated accrual management built into journal entry and account reconciliation workflows. | |
|
Suspense Account Monitoring Automatically monitors, tracks and resolves suspense account entries. |
Suspense account monitoring and clearing are covered under monitoring and compliance controls. | |
|
Reconciliation Templates Provides customizable templates for different account types and reconciliations. |
Customizable reconciliation templates are a standard productivity feature of BlackLine. | |
|
Bulk Close Operations Ability to close multiple entities, books, or business units simultaneously. |
Supports bulk close operations for multiple entities and business units. | |
|
Soft Close Capability Allows interim closing of ledgers before final close for review purposes. |
Soft close/interim close supported; explicitly listed in BlackLine close task management documentation. | |
|
Number of Supported Ledgers Maximum number of separate general ledgers supported in the platform. |
No information available | |
|
Custom Workflow Support Ability to define and automate multi-step close workflows tailored to organizational needs. |
Custom workflow support including user-defined and multi-step workflows documented on website. | |
|
Automated Adjustments System identifies and automatically posts adjustment entries as needed. |
System supports automatic posting of adjustment entries as part of journal entry automation. | |
|
Close Task Checklists Provides configurable, tracked checklists to ensure all close tasks are completed. |
Close task checklists, tracked and configurable, highlighted in core features. | |
|
Close Calendar Management Helps manage and visualize close timelines, milestones, and dependencies. |
Close calendar management is provided through dashboards and scheduling tools. |
|
ERP Integration Direct connectors or APIs for major ERPs (e.g., SAP, Oracle, Microsoft Dynamics). |
Direct ERP connectors and open APIs are promoted as a differentiator in BlackLine’s integration documentation. | |
|
Data Import Automation Scheduled or on-demand data imports from multiple source systems. |
Automated and on-demand data import from multiple sources is foundational for BlackLine’s processes. | |
|
Real-Time Data Sync Synchronizes financial data in real-time or near real-time. |
Real-time or near real-time data sync is explictly mentioned in integration literature. | |
|
Data Validation Rules Customizable controls to validate data integrity during the close process. |
Customizable data validation rules part of close and reconciliation controls. | |
|
Data Transformation Tools Features to map, clean, and transform data for compatibility with various systems. |
Data transformation and mapping tools are integrated; referenced in support and implementation documents. | |
|
File Format Support Range of supported data file formats (Excel, CSV, XML, etc.). |
No information available | |
|
Integration with Document Management Systems Direct integrations with platforms like SharePoint or Box for supporting documents. |
Integration with document management systems such as SharePoint and Box is advertised. | |
|
API Access Availability of RESTful, SOAP or GraphQL APIs for integration and automation. |
Supports robust APIs (REST, SOAP), emphasized in technical documentation and integration references. | |
|
Bulk Data Processing Speed Rate at which the platform can process and import bulk data. |
No information available | |
|
Audit Trail for Data Changes Tracks all changes made to imported or exported data. |
Tracks all data changes for audit and compliance—core part of SOX-ready solution. | |
|
Manual Data Entry Support Ability for users to manually upload, enter, or amend data as needed. |
Manual data upload and entry supported for corrections and exceptions. | |
|
Master Data Management Integration Supports connectivity to centralized master data systems. |
. | No information available |
|
Segregation of Duties Ability to enforce separation of roles for critical processes. |
Role-based controls and data ownership are addressed in segregation of duties. | |
|
SOX Compliance Features Built-in controls and checklists for Sarbanes-Oxley compliance. |
SOX compliance features and audit controls are promoted in product overview. | |
|
Audit Trail Comprehensive logging of user activity and changes to financial data. |
Comprehensive audit trails of user activity, changes, and approvals are core selling points. | |
|
Policy Enforcement Ability to enforce close process policies and escalation rules automatically. |
Policy enforcement is achieved through process controls and workflow configuration. | |
|
Attestation Processes Enables formal certification/attestation of reconciliations and close tasks. |
Task and reconciliation attestation processes in close workflow are standard feature. | |
|
Approval Workflows Configurable approval flows for journal entries and reconciliations. |
Configurable approval workflows for journals, tasks, and reconciliations featured in user guides. | |
|
User Access Controls Granular controls over user roles and access to data/features. |
Granular access and permissions controls available per user, group, and data-type. | |
|
Automated Controls Testing Features for periodic test and verification of key controls. |
Product supports periodic automated controls testing as part of the compliance suite. | |
|
Compliance Reporting Pre-built and customizable reports for regulatory compliance. |
Standard and custom compliance reporting is a dashboard feature. | |
|
Change Management Tracking Tracks all changes to process configurations, rules, and templates. |
Tracks change history of configurations, rules, and templates. | |
|
Retention Policy Management Automates application of document/data retention policies. |
Automated document/data retention controls are part of audit/compliance. | |
|
Sensitive Data Masking Automatically hides or redacts sensitive financial information. |
Sensitive data masking is implemented to support privacy and security compliance. |
|
Workflow Engine Configurable process flows with automated assignment and hand-offs. |
Full-featured workflow engine for configuring, automating, and routing close tasks. | |
|
Task Automation Automates repetitive tasks like reconciliations, reminders, and calculations. |
Automates repetitive close activities, reconciliations, reminders, etc. | |
|
Exception Handling Automates identification and escalation of exceptions or breaks. |
Exception/break identification and escalation is highlighted as a core feature. | |
|
Automated Notifications Sends alerts and updates based on process events or deadlines. |
Automated notifications and alerts included for deadlines and status changes. | |
|
Parallel Processing Support Allows tasks to be completed in parallel, speeding up the close. |
Parallel task completion is mentioned as a benefit in speeding up close cycles. | |
|
Scheduling Tools Configurable schedules for automated run of close activities. |
Configurable scheduling tools for recurring and ad hoc close activities. | |
|
Business Rule Automation Ability to define and apply custom business logic for process flows. |
Supports automation based on custom logic; referenced in workflow configuration. | |
|
Role-based Task Assignment Automated assignment of tasks to users based on roles, workload, or rules. |
Tasks are assigned to users/roles automatically, with workload balancing. | |
|
Performance Monitoring Real-time tracking of process progress and blockers. |
All activity and progress tracked in real-time via dashboards. | |
|
BPMN Support Compatibility with BPMN standard for documenting business processes. |
No information available |
|
Standard Financial Reports Pre-built templates for key financial close and reconciliation reports. |
Standard reports for close, reconciliations, and compliance are provided. | |
|
Custom Report Builder User-friendly interface to create custom reports and visualizations. |
Custom report builder is available for ad hoc and tailored reporting. | |
|
KPI Dashboards Live dashboards tracking close metrics (cycle time, open items, bottlenecks, etc). |
Interactive KPI dashboards for close tracking and management. | |
|
Drill-down Capabilities Ability to move from summary data into details and source transactions. |
Drill-down from summary to transactional detail is featured in reports and dashboards. | |
|
Variance Analysis Tools Automated tools to identify and analyze variances in financial results. |
Variance analysis tools are a core function. | |
|
Export Options Range of export formats and direct integration to BI tools. |
Export options include direct BI integration and multiple data formats. | |
|
Real-time Close Progress Tracking Live display of process completion, overdue tasks, and status indicators. |
Live progress tracking of close and individual tasks on dashboards. | |
|
Report Scheduling Automated, periodic report generation and distribution. |
Report scheduling and distribution is supported to automate reporting workflows. | |
|
User-defined KPIs Flexible creation and monitoring of custom close-related metrics. |
User-defined KPIs can be created and tracked within the system. | |
|
Benchmarking & Trend Analysis Uses historical data to benchmark closes and spot long-term trends. |
Trend analysis and benchmarking tools available for performance review. |
|
Role-based Dashboards Personalized views for different user types (controllers, accountants, reviewers, etc.) |
Role-based dashboards and views for users at different levels. | |
|
In-app Collaboration Features like commenting, notes, and attachments within the close process. |
In-app collaboration through comments, task notes, and attachments are featured. | |
|
Mobile Access Responsive web/mobile app interfaces for completing close tasks remotely. |
Mobile-ready platform allows close activities to be performed remotely. | |
|
User Training Modules Integrated tutorials, training content, and help guides. |
Training modules, guides, and online help are embedded in the platform. | |
|
Multi-language Support Availability in multiple languages for global teams. |
Supports multiple languages for global team collaboration. | |
|
Multi-currency Support Compatible with multiple currencies, conversion rates, and reporting requirements. |
Multi-currency supported, per documentation—includes conversions and reporting. | |
|
Personalized Task Lists Each user sees their own prioritized and assigned tasks. |
Task lists are personalized per user based on assignments and priorities. | |
|
Bulk Actions Perform multiple actions (close, approve, assign) at once to speed work. |
Bulk actions such as closing, approval, or assigning can be executed en masse. | |
|
Accessibility Compliance Meets standards like WCAG 2.1 for accessible digital experiences. |
No information available | |
|
Integrated Chat/Message System Instant messaging for contextual collaboration within the platform. |
Integrated communication tools for contextual collaboration (chat/messages, comments). |
|
Data Encryption Encrypts data in transit and at rest using industry-standard protocols. |
Data is encrypted in transit and at rest to meet security and compliance requirements. | |
|
Multi-factor Authentication Enhances platform access security via MFA/2FA options. |
Multi-factor authentication (MFA/2FA) is supported for secure access. | |
|
Regular Security Audits Platform undergoes periodic third-party or internal security testing. |
Performs regular security audits as part of its compliance obligations. | |
|
Disaster Recovery SLA The committed time within which systems are restored after a disaster. |
No information available | |
|
Data Backup Frequency How often the platform conducts full backups. |
No information available | |
|
User Session Management Automatic log-off and session control features. |
Session management—auto logoff and idle timeout—covered under security features. | |
|
Security Certifications Possession of industry recognized certifications (e.g., ISO 27001, SOC 2). |
SOC 1/2 and ISO 27001 certifications listed on BlackLine security compliance page. | |
|
Granular Permission Settings Detailed controls for access to objects, fields, and actions. |
Supports fine-grained permission settings at user, role, and data level. | |
|
Audit Log Retention Length of time audit logs are retained and accessible. |
No information available | |
|
Single Sign-On Integration Supports SSO via SAML, OAuth, or Active Directory. |
Supports SSO (SAML, OAuth, Active Directory) per technical integration documentation. |
|
Concurrent User Capacity Maximum simultaneous users supported without loss of performance. |
No information available | |
|
Supported Entities/Business Units Maximum organizational units/entities handled within a single deployment. |
No information available | |
|
Close Cycle Time Reduction Typical reduction in close time when using the platform. |
No information available | |
|
Data Storage Capacity Maximum financial and supporting data storage available per instance. |
No information available | |
|
Load Balancing Support System remains performant during peak workloads through automated load balancing. |
Automatic load balancing and elastic computing resources in SaaS deployment. | |
|
Performance Monitoring Tools Built-in analytics for tracking system response and throughput. |
Built-in system performance monitoring and alerting available to admins. | |
|
Batch Processing Throughput Maximum number of records processed per hour in batch operations. |
No information available | |
|
API Rate Limits Maximum number of API calls per time unit. |
No information available | |
|
Geographic Distribution Support for distributed teams and operations across multiple regions. |
Distributed/global operational support, referenced in documentation and case studies. | |
|
Flexible Deployment Models Options for SaaS, on-premises, or hybrid deployments. |
Flexible SaaS and private deployment models are offered. |
|
Regulatory Reporting Templates Pre-built templates for statutory, regulatory and NAIC (US) or Solvency II (EU) disclosures. |
Regulatory and statutory reporting templates available, including NAIC and Solvency II. | |
|
Policy-to-Ledger Reconciliation Automated tools to reconcile policy systems with accounting ledgers. |
Automated reconciliation between policy systems and ledgers available for insurance industry clients. | |
|
Claims Reserve Calculations Supports actuarial reserve calculations and integration with actuarial systems. |
Integration with actuarial systems for reserve calculations is referenced in industry-specific literature. | |
|
Investment Accounting Integration Automated feeds from investment management systems to GL/reconciliation. |
Investment accounting feeds to reconciliation—supported, esp. for insurance use cases. | |
|
Multi-GAAP Support Handles US GAAP, IFRS 17, and other insurance accounting standards. |
Supports multi-GAAP including US GAAP and IFRS 17 for insurance. | |
|
Reinsurance Agreement Tracking Automated reconciliation for ceded/premium for reinsurance contracts. |
No information available | |
|
Premium Receivable Reconciliation Reconciles policy premium receivables automatically. |
Premium receivable reconciliation is automated, based on transaction matching. | |
|
Claims Payments Tracking Reconciles actual claims payments against reserves and accounting entries. |
Claims payment reconciliation tools included for insurance clients. | |
|
Product/Line of Business Segmentation Allows close data and reporting by product or line of business. |
Allows segmentation and reporting by line of business or product. | |
|
Regulatory Filing Automation System automates the population and e-filing of regulatory reports. |
System automates regulatory form pre-population and e-filing in insurance sector. |
|
Implementation Time Typical time frame required to deploy and go live. |
No information available | |
|
Onboarding Assistance Dedicated onboarding and migration support. |
Comprehensive onboarding and data migration assistance provided by vendor. | |
|
24/7 Customer Support Support availability around the clock (live chat, call, or ticket). |
24/7 global support available by phone, chat, and ticket. | |
|
Knowledge Base Comprehensive self-serve documentation and troubleshooting guides. |
Comprehensive knowledge base with guides and documentation available online. | |
|
Dedicated Account Manager Provides an assigned point of contact for ongoing support and escalation. |
Dedicated account managers assigned for ongoing support contracts. | |
|
SLAs for Issue Resolution Guaranteed maximum times for critical and non-critical issue resolution. |
No information available | |
|
User Community Forums Active community or user groups for peer support. |
Online user communities and forums are available to all clients. | |
|
Training and Certification Programs Structured courses and certifications for users and admins. |
Training and BlackLine certification programs available for admins and users. | |
|
Partner Network Ecosystem of third-party implementers and solution partners. |
Extensive network of partners and third-party implementers listed by BlackLine. | |
|
Upgrade/Release Frequency How often platform releases major product enhancements. |
No information available |
|
Transparent Pricing Model Clear, published or easy-to-understand pricing (vs. custom quotes only). |
Transparent/core pricing information is published online for major product lines. | |
|
Modular Pricing Option to pay only for needed modules or features. |
Pricing is modular—customers pay for selected modules/features only. | |
|
Free Trial Availability Ability to try the software at no initial cost for a limited period. |
Free trial available for some product modules (see vendor site or request demo). | |
|
Per User Licensing Licensing and cost scales with number of users. |
Licensing fees are per user or per entity, based on selected modules. | |
|
Transactional Pricing Option Option for pricing based on volume of transactions processed. |
Transactional pricing is offered for clients with high volume or periodic usage. | |
|
Implementation Fees One-off fees for initial setup or configuration. |
No information available | |
|
Ongoing Maintenance Costs Annual/monthly fees for support, updates, and hosting. |
No information available | |
|
Discounts for Multi-year Commitments Reduced pricing available for longer contracts. |
Multi-year commitments come with additional discounts from standard price. | |
|
Flexible Contract Terms Monthly/annual options; early termination and upgrade/downgrade policies. |
Contracts support both monthly and annual terms, with options for early termination. | |
|
Cost Predictability All-in costs clearly outlined with minimal hidden fees. |
Cost predictability and lack of hidden fees emphasized in published BlackLine pricing info. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.