516.609.5000 or Toll Free 855.977.7100

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Blackline Financial Close Management

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Improve accuracy, reduce labor and meet compliance requirements through cloud-based Financial Close Management Suite from BLACKLINE

Blackline eliminates manual processes and increase productivity, giving accounting teams more time to focus on analysis and documentation for the period-end activities.

Business Solution Partner is a Gold Implementation Partner for Blackline with offices in New York, New Jersey, Connecticut, Washington, DC and California. We assist clients in automating and controlling their account reconciliation and financial close processes.

OUR SERVICES

We offer a local, personalized approach to all our Blackline implementations offering a long-term commitment you’re looking for in a business partner. Our services include:

  • Streamline accounts reconciliation and finance controls processes
  • Blackline Configuration and Training
  • Setup Account Reconciliation Templates
  • Assist in organizing and setting up Financial Close Checklist
  • Configure Transaction Matching Rules
  • Data Integration with ERP and Accounting Systems
WHY CHOOSE BLACKLINE
Manual processes associated with closing books, performing account reconciliations and tracking account variances are often labor-intensive and prone to inaccuracies. Blackline's cloud-based financial close management suite automates these processes, enabling companies to move towards Continuous Accounting
  • Auto-certification

  • Increased staff productivity

  • Reduced paper, printing, storage overhead, auditor fees

  • Reduce Audit Overages

  • Improved process management

  • Faster close

BLACKLINE – PLATFORM
BLACKLINE – SOLUTIONS
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The BlackLine Reconciliation Management solution standardizes, automates, and streamlines all types of reconciliations including balance sheet, bank, credit card, and other operational reconciliations, as well as reconciliations between systems, regulatory standards, and numerous other areas.

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The BlackLine Financial Close Management solution empowers users to gain full control over the financial close process by streamlining accounting workflows, and producing financial and regulatory reporting in a timely manner, while ensuring accuracy and compliance auditability.

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BlackLine Intercompany Hub is a clearinghouse for intercompany transactions that eliminates after-the-fact manual reconciliations and settlements. The Intercompany Hub centrally interfaces with all of a company’s core ERP systems and other systems, collecting and distributing intercompany transactional data on a centralized basis

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The Controls Assurance solution empowers accounting teams to meet the challenges they face documenting and overseeing the testing of their internal controls environment.

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BLACKLINE – PRODUCTS
ACCOUNT RECONCILIATION
  • Reduces manual labor and allows accountants to focus on value-added activities and analytics through auto-certification of low risk, rules-driven reconciliations.

  • Reconciliation templates help companies standardize the reconciliation process across all business units, improving the quality of reconciliations and the efficiency of reviews and audits.

  • On-line document repository stores and protects all attachments associated with the reconciliation process.

  • Built-in workflow ensures accounts are assigned, prepared, and reviewed by the right people at the right time.

  • Comprehensive dashboards and reporting give real-time visibility into status, progress, exceptions, and risk points.

View Data Sheet 


TASK MANAGEMENT
  • Gain visibility into operational processes with comprehensive task management, dashboards and reporting

  • Configurable Task Dependencies guarantee correct sequence and roll-up of related activities

  • High level of configurability allows the creation and co-existence of many different types of task lists

  • Real-time notifications alert users to pending tasks and keep the process moving

  • Global time zones are supported with flexible due dates, calendars and holidays, eliminating the difficulties caused by geographic differences

 View Data Sheet


VARIANCE ANALYSIS
  • Analyze variances before generating financial statements

  • Flexible, real-time visibility into balance figures

  • Links to underlying reconciliations simplifies research process

  • 15+ different types of period comparisonse

  • Cover all types of accounts across B/S and P&L

  • Auto-calculate Foreign Exchange differentials

 View Data Sheet


CONSOLIDATION INTEGRITY MANAGER
  • Allows greater accuracy in financial statements by eliminating manual tie-out processes.

  • Configurable relationships between source systems

  • Full audit trail and records

  • Clear identification of out of balance accounts.

  • Email notifications of balance changes.

  • Underlying reconciliations assist in researching discrepancies

 View Data Sheet

 


TRANSACTION MATCHING
  • Automatically import, parse, and manipulate data from any readable source, in any format, on any schedule

  • Match any type of data with flexible, rules-driven “match sets.”

  • Match one-to-one, one-to-many and many-to-many pairings

  • Handle high volumes of transactions quickly and easily, matching up to 1 million transactions per minute

  • Configurable tolerance thresholds may be expressed numerically or as percentages

View Data Sheet


JOURNAL ENTRY
  • Import journal and/or journal lines from report writers or spreadsheets.

  • Point-and-click journal cloning

  • Configurable journal templates

  • Automatic posting and status tracking

  • Reduce time spent following up on journals that have errors

  • Auditor access reduces audit questions

 View Data Sheet

 

BLACKLINE – RESOURCES
  PRODUCT DEMOS & WEBINARS

The Road to Continuous Accounting
With Continuous Accounting, finance teams perform tasks at times when they make the most sense from a business and process perspective rather than tying the tasks to a rigid accounting calendar.

Watch

  WHITE PAPERS

Five Reasons to Transform Finance and Accounting
There is lack of automation in many Finance & Accounting organizations and, therefore, only so much productivity. See how automation & controls can liberate accountants to apply their talents strategically.

 Download

OUR SERVICE AREAS
Contact us today to schedule an executive briefing with one of our local Adaptive Insights experts
  New York Tri-State Area
New York, Long Island, New Jersey, Connecticut

Phone: 516.609.5000 | 212.433.1400
  Southern California
Los Angeles, Orange County, Simi-Valley, Ventura,
San Diego, San Bernardino & Riverside Counties
Phone: 714.463.6103
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