I like that BlackLine Financial Close Management can handle high volumes of data and match large numbers of transactions in the background, with a matching success rate of around 90%. It gives me a workflow for asset and liability accounts, including fixed assets, prepaid expenses, and intercompany accounts, and helps with SOX compliance and intercompany reconciliations. I can post and match transactions throughout the month instead of doing them all at once, and I don’t have to enter bulk journal entries manually. I can post them directly using a defined template with fields for document type, date, description, and amount. I also find the email-linked notifications helpful for seeing which reconciliations are pending and when journals or reconciliations have been rejected. Review collected by and hosted on G2.com.

I find BlackLine highly dependent on the ERP system, since changes to the ERP can impact the entire process. Implementation also has a high cost, as the organization needs to establish a dedicated server and have IT professionals available. Implementation generally takes at least three months, depending on the size of the organization. Review collected by and hosted on G2.com.