A variance or flux analysis is the evaluation of balances from one period to another or from one data set to another (such as budget versus actual). This is usually performed as part of the risk identification and mitigation process, and auditors often use this analysis to understand balances and to see how management gets clarity around the numbers.

BlackLine’s Variance Analysis module automates the flux analysis process, so account experts can focus their time on identifying the causes of balance changes. The module allows acceptable thresholds to be configured and is also flexible enough to accommodate a wide variety of comparisons. More importantly, management can quickly gain confidence around the accuracy of the financial numbers when timing is critical.

• Ensures proper analysis before balances reach financial statements.
• Currency fluctuations are automatically accounted for and documented.
• Workflow replaces manual followup and saves substantial time.
• Enhanced reporting provide real-time visibility into balance fluctuations.
• Links to underlying reconciliations simplifies the research process.