BlackLine Financial Close Management Features

General Ledger (3)

Journal Entries: Based on 285 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Increases user efficiency by auto-populating based on previously entered information. Schedules future entries. Allows Journal Entries to be uploaded from an external source.
Tags / Dimensions: Based on 259 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Ability to tag all transaction in the general ledger with customizable dimensions, classes, categories, etc. These dimensions should be available on any transaction in any module in the system and available to be reported upon.
Audit Trail: Based on 340 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Automates chronological tracking of transactions that have affected a specific operation, procedure, event or record

Accounts Receivable (3)

Invoice Customization: Based on 171 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. The layout of the invoice template is fully customizable and you can add or remove fields.
AR Automation: Based on 167 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Automation helps the user be more efficient by populating default customer data, setting up systematic payments from clients and automatically matching customer receipts to outstanding transactions.
Collections Automation: Based on 160 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. The system automates the dunning process to help drive collections

Accounts Payable (3)

AP Automation: Based on 170 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Steamlines data entry by auto populating recurring or predefined vendor values
Payment Processing: Based on 162 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Ability to manage, track and report on numerous payment types. Customize and automate complex purchase to pay work flow.
Purchase Orders: Based on 158 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Software supports purchase orders and provides purchasing personnel, management and accounts payable with visibility needed to streamline the procure to pay process

Other Functionality (8)

Inventory Tracking / Ordering: Based on 153 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Real time inventory tracking. Maintains accurate "On Hand" infomation by matching reserved inventory requested on purchase and sales orders.
Inventory Pricing and Costing: Ability to establish multiple price levels. Update pricing on a per item or global inventory basis. Choice between multiple costing methods such as Average, LIFO, FIFO and Specific Unit. This feature was mentioned in 150 BlackLine Financial Close Management reviews.
Inventory Reporting: Based on 151 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Customizable reporting allows insight into usage of inventory and services.
Multi-Entity / Consolidation: Based on 197 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Multi-ledger and multi-tenant architecture. Automated consolidations, inter-entity transactions and eliminations
Recognition Rules: Based on 190 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Automates recognition of revenue and expenses by defining recognition rules.
Reconciliations: Based on 369 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Transactions are imported from source systems and automated matching reconciles majority of transactions. Includes user flexible, user defined matching and grouping rules to help reduce the time needed to produce accurate reconciliations.
Payroll: Based on 151 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Payroll module or integration to an external payroll provider which automates the recording of payroll
Time and Expense: Based on 156 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Automated time and expense capture, tracking, approval, reimbursement and reporting

Reporting & Analytics (4)

Financial Statements: Based on 195 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. General reporting offered covers all of the standard financial statements and meets the basic needs of the business
Custom Reporting: Based on 255 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Reports created by the user to cater to specific requirements. If you can build it in Excel, you can build it in the custom report writer
Budgeting / Forecasting: Based on 156 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Create and revise an unlimited number of budget, plan and forecast scenarios.
Dashboards: Based on 307 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. An easy to read, often single page, real-time user interface, showing a graphical presentation of the current status and historical trends of an organization's Key Performance Indicators (KPIs) to enable instantaneous and informed decisions to be made at a glance

Platform (6)

Customization: Based on 291 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Allows administrators to customize to accommodate their unique process. Includes ability to create custom objects, fields, rules, calculations, and views.
Workflow Capability: Based on 308 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Automates a process that requires a series of steps that typically require intervention by several different users. Administrators can write rules to determine who and when a user needs to complete a step. Also includes notification of users when they need to take action.
User, Role, and Access Management: Based on 348 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Grants access to select data, features, objects, etc. based on the users, user role, groups, etc.
Internationalization: Based on 242 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Enables users to view and transact business with the same content in multiple languages and currencies.
Performance and Reliability: Based on 336 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took.
Output Document Generation: Based on 265 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Allows administrators to create templates that enable users to quickly generate dynamic documents in various formats based on the data stored in the application.

Integration (3)

Data Import and Export Tools: Based on 337 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Ability to input, modify and extract data from the application in bulk through a structured file.
Integration APIs: Based on 238 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications.
Breadth of Partner Applications: To what extent are there partner applications readily available for integrating into this product? Partner applications typically provide complementary, best of breed functionality not offered natively in this product. 206 reviewers of BlackLine Financial Close Management have provided feedback on this feature.

Cash Flow (3)

Track Cash Flow: Based on 123 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Check cash on hand at the beginning of each month and view each day’s incoming and outgoing funds.
Income and Expenses: Based on 125 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Add one-time or recurring cash flow items and add line items for each payment or deposit.
File Exports: Based on 159 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis.

Budgeting & Forecasting (4)

Budgeting / Forecasting: Based on 156 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Create and revise an unlimited number of budget, plan and forecast scenarios.
Data Import: Based on 166 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Import trial balance, monthly P&L, balance sheets, and other types of financial data
Versioning: Based on 131 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Keeps track of all versions of a budget and allows users to compare versions
Historical Data: Based on 150 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Forecasting is based on past transactions and historical financial or operational data

Revenue (3)

Revenue Types: Based on 122 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Supports multiple types of revenues, such as recurring and transaction based
Revenue Allocation: Based on 120 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Allows users to allocate revenues to various business entities or departments
Scheduling: Based on 130 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Automatic scheduling to ensure that revenue is recognized at the proper time

Reconciliation (3)

Consolidation: Based on 225 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Data from multiple systems can be centralized into a single repository
Management: Based on 248 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Financial information can be imported from multiple sources such as spreadsheets, text files, or databases
Accounting: Based on 255 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Match invoices, payments, and bank statement information

Reporting (3)

Report Types: Based on 254 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Provide multiple types of reports such as point-in-time snapshot reports, or year over year
Standard: Based on 246 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Offers standard financial reports out of the box
Custom: Based on 238 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Allows users to edit reports and to combine multiple reports

Closing Process (3)

Audit: Based on 249 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Creates workflows to assign tasks for audit and inspections, monitor work in progress, timelines, and approvals.
Journal Entries: Based on 212 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Adjusts journal entries in order to have an accurate balance sheet and income statement
Distribution: Based on 188 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Financial statements and statistical reports (such as KPI) can be assembled into financial packages

Payroll (2)

Tax Calculation: Based on 100 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Calculates taxes due and may include resources or tools for federal and state tax compliance.
Reporting and Dashboards: Based on 137 BlackLine Financial Close Management reviews and verified by the G2 Product R&D team. Access pre-built and custom reports and dashboards to track payroll costs and for compliance purposes.

Reconciliation - Financial Reconciliation (4)

Automation: Based on 100 BlackLine Financial Close Management reviews. Automates the process of comparing financial transactions between different accounts, statements, or systems
Bank Statements: Helps match transactions recorded in the company's books with those in the bank statement 95 reviewers of BlackLine Financial Close Management have provided feedback on this feature.
Exceptions: As reported in 91 BlackLine Financial Close Management reviews. Alerts users when exceptions and discrepencies can't automatically be resolved
Algorithms: Based on 83 BlackLine Financial Close Management reviews. Uses algorithms, such as rule-based matching, fuzzy logic, or machine learning techniques to help with comparing large sets of data

Audit - Financial Reconciliation (4)

Accuracy: Ensures that financial records are accurate and precise, reducing the chances of errors that could lead to audit issues This feature was mentioned in 92 BlackLine Financial Close Management reviews.
Compliance: Based on 91 BlackLine Financial Close Management reviews. Meets industry-specific compliance requirements and supports regulatory standards
Reporting: Offeres customizable reporting features to provide a clear overview of the financial reconciliation process and any issues that may need attention 88 reviewers of BlackLine Financial Close Management have provided feedback on this feature.
Audit Trail: Provides a detailed history of reconciliations and supports the accuracy of financial records 90 reviewers of BlackLine Financial Close Management have provided feedback on this feature.

Integrations - Financial Reconciliation (4)

Accounting: Integrates with accounting platforms to allow the import and reconciliation of financial data 86 reviewers of BlackLine Financial Close Management have provided feedback on this feature.
Inventory: Integrates with inventory management systems to help reconcile financial data related to product movements, purchases, and sales This feature was mentioned in 77 BlackLine Financial Close Management reviews.
ERP: Integrates with ERP systems to reconcile financial data across various modules and departments This feature was mentioned in 82 BlackLine Financial Close Management reviews.
Banking: Integrates with banking systems to import and match bank transactions 79 reviewers of BlackLine Financial Close Management have provided feedback on this feature.

User Permissions and Security - Financial Reconciliation (4)

Access: Based on 85 BlackLine Financial Close Management reviews. Offers role-based access control (RBAC) allowing administrators to define roles with specific sets of permissions
Authentication: Uses features such as multi-factor authentication (MFA) to help ensure that only authorized users can access the software 82 reviewers of BlackLine Financial Close Management have provided feedback on this feature.
Encryption: As reported in 79 BlackLine Financial Close Management reviews. Has encryption techniques to prevent unauthorized access or interception of data
Regulations: Complys with regulations and standards, such as Sarbanes-Oxley (SOX), GDPR, or HIPAA 80 reviewers of BlackLine Financial Close Management have provided feedback on this feature.

AI (10)

Data Extraction: As reported in 25 BlackLine Financial Close Management reviews. Uses AI to automatically input data from receipts, invoices, and other documents
Invoice Processing: As reported in 24 BlackLine Financial Close Management reviews. Uses AI to generates, send, and track invoices
Expense Management: As reported in 25 BlackLine Financial Close Management reviews. Uses AI to categorize expenses, detect anomalies, and provide insights on spending patterns
Fraud Detection: As reported in 24 BlackLine Financial Close Management reviews. Uses AI to detect unusual patterns and flag potential fraudulent activities in real-time
Tax Compliance: As reported in 23 BlackLine Financial Close Management reviews. Uses AI to assist in calculating taxes, ensuring compliance with changing tax regulations, and automate the preparation of tax returns
Support Chatbots: Uses AI and NLP-powered chatbots to provide customer support and assist with queries regarding financial data and reports 24 reviewers of BlackLine Financial Close Management have provided feedback on this feature.
Bank Reconciliations: Uses AI to match transactions recorded in the accounting system with those in bank statements This feature was mentioned in 25 BlackLine Financial Close Management reviews.
Report Generation: As reported in 24 BlackLine Financial Close Management reviews. Uses AI to generate detailed financial reports, dashboards, and visualizations to provide insights into the financial health of the business
Customizable Alerts: Based on 25 BlackLine Financial Close Management reviews. Uses AI to set up alerts for various financial activities, such as payment due dates or low cash balances
Predictive Analytics: Based on 24 BlackLine Financial Close Management reviews. Uses AI to analyze data to identify trends and make predictions

Mobile Applications - Accounting (6)

Cloud Integration: Enables synchronization of accounting data across devices in real-time
Notifications: Send push notifications for important updates, such as due dates, invoice statuses, or tax deadlines
UI: Simplifies interfaces to be user-friendly and tailored for smaller screens, such as mobile phones and tables
Offline: Allows users to view and update certain data without an internet connection
Expense Tracking: Allows users to capture and upload expense receipts directly from mobile devices
Invoice Management: Enables creation, editing, and sending of invoices

Agentic AI - Financial Reconciliation (1)

Agentic AI - Accounting (1)

AI - Financial Close (5)

Autonomous Task Execution: As reported in 32 BlackLine Financial Close Management reviews. Capability to perform complex tasks without constant human input
Compliance: Based on 33 BlackLine Financial Close Management reviews. Uses AI to ensure the following of rules and creates detailed audit trails which helps compliance and audit preparation.
Reconciliation: Based on 33 BlackLine Financial Close Management reviews. Uses AI to match transactions across accounts and systems, and flag exceptions and discrepencies.
Data Collection: As reported in 33 BlackLine Financial Close Management reviews. Uses AI to extract, clean, and validate financial data from disparate sources, while identifying errors and inconsistencies.
Analysis: Generates AI-assisted financial reports and provides thorough analytical insights. This feature was mentioned in 33 BlackLine Financial Close Management reviews.