Replacing spreadsheets with BlackLine’s Account Reconciliations module improves the efficiency, accuracy and transparency of the reconciliation process and helps ensure balance sheet integrity. The software provides a central platform to handle all aspects of the financial close process, streamlining workflows and providing visibility into the status of close tasks. Below are key benefits of BlackLine's Account Reconciliation module:
- Auto-certification of low-risk, rules-driven reconciliations greatly reduces manual labor and allows accountants to focus on value-added activities and analytics.
- Reconciliation templates help companies standardize the reconciliation process across all business units, improving the quality of reconciliations and easing both reviews and audits.
- Online document repository stores and protects all attachments associated with the reconciliation process, making shared drives and binders obsolete.
- 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.
