What do you like best?
Ability to maintain Balance Sheet integrity
Ease of store of all supporting details in one platform rather than offline emails/excel files
Cloud based solution avoid the need to deploy the tool to the end users in their laptops. This also accelerate the time to deploy the tool to the end users.
Enhanced Reporting features for various levels of the organization.
The commitment on the upgrade and enhancements of the Blackline Software to meet future reporting requirements.
Ease of use of the tool for the end users without extensive training
Large user community of Blackline and the support from the vendor.
What do you dislike?
Initial teething issues to get the configurations done properly and users trained
Additional resources to manage the system administration, maintenance and support (though the benefits are higher than the cost)
Recommendations to others considering the product:
Use of standard tools helps to automate the process and reduce the cost of compliance
What problems are you solving with the product? What benefits have you realized?
Single Platform across the organization to manage Balance Sheet Notes.
A solution that is tightly integrated with SAP/Simple Finance
Cloud based solution that is easier to use for end users
Benefits includes streamlined financial reporting process and standardized balance sheet review and reconciliation process that provides confidence on the quality of the balance sheet to the top management. The audit cost is significantly reduced due to reduction in the time to complete the Audit, thanks to the established Balance Sheet reconciliation process enterprise wide.