BlackLine is a cloud accounting and financial software solution that aims to help businesses automate all their bookkeeping processes, while integrating all their data in a single source of truth.
BLACKLINE
As businesses in the digital age experience relentless growth, many find themselves using a wide-array of different solutions to manage their finances. This results in data from disparate sources, and manual management of key processes such as account reconciliations.
BlackLine helps businesses by automating accounting and finance processes such as account reconciliations.
Benefits of BlackLine Cloud Accounting
and Finance Software
Make sure balance sheet is complete and accurate
Standardise and streamline the month end close
A single source of truth
360-degree, real-time view of your accounting and financial processes
Reduce errors, avoid data duplication and increase efficiency through automation
Multi-company management and subsidiary management in one centralised platform
Accelerate cash collection and optimise working capital
Orchestrate and automate ERP close activities
Account Reconciliation
For big businesses, managing account reconciliations can become tricky when their subsidiaries use different solutions and methods. In addition to this, manually managing the account reconciliation process in a highly disruptive business environment is not a practical solution anymore.
BlackLine helps businesses establish a standardised template and workflows. BlackLine also helps companies automate and manage every element of reconciliations and financial close.
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One unified business management suite, encompassing ERP/Financials, CRM and ecommerce for more than 29,000 customers.
Features of BlackLine Cloud Accounting and Finance Software
How BlackLine delivers a purpose-built solution built from leading best-practices to get your business up and
running and close essentials quickly
Compliance
The job of accounting and financial professionals is made even more arduous by the fact that hardly a single day passes by without news of authorities pondering on legislating new regulatory and compliance requirements for businesses to adhere to.
BlackLine helps accounting and finance professionals to move away from a reactive approach to a much more proactive approach by taking care of the latest regulatory requirement through automation and standardisation of workflows so that valuable time can be spent identifying risks and controlling workflows. BlackLine’s cloud solution is updated for companies to operate in adherence to regulatory and compliance requirements, all in one single integrated platform.
Task Management
BlackLine’s cloud solution for accounting and finance processes provides for tasks configurations across its products and can be easily integrated into reconciliations and journals, thus ensuring the right set of sequence flow, and rollup of related activities.
BlackLine also provides real-time data on a single platform, offering a 360-degree visibility of your accounting and financial processes. This accelerates accounting processes and ensures accounts and financial professionals have their fingers on the pulse to have a look into complete items, sorted by type, geographic location, and due date.
Managing Subsidiaries
For companies in the highly disruptive technological age, it is often the case that there are multiple different stacks consisting of a cornucopia of different solutions across the different businesses within a parent company.
BlackLine provides businesses, especially those with multiple subsidiary companies, with a single source of truth which smoothens accounting and financial processes across subsidiaries. With this single integrated platform, BlackLine also provides business owners with a complete, 360-degree, and real-time view of all their business processes.
Journal Entry
BlackLine introduces the accounting and finance departments of businesses to automation rules which facilitate period-end entries to be put together and filled based on data rules and posted automatically, removing the need to manually key in the data.
This centralised repository for your journal makes it easily accessible and makes provisions for comments, supporting documents, and links to underlying matching transactions and reconciling items. To ensure data is streamlined, BlackLine allows you to integrate your enterprise resource planning (ERP) system with BlackLine.
Close Fast and Smarty
The financial close process is one that is bureaucratic and riddled with steps and dependencies which can often trip you up and cause mistakes or delay when manually done.
By automating, standardising and streamlining your accounting and finance processes BlackLine allows you to close fast, smartly and with confidence. With BlackLine you also get a real-time view of issues that could potentially affect your close time, and nip it in the bud.
Transaction Matching
The comforts of spreadsheets such as Microsoft Excel can be seductive for new businesses. However, those who harbour hopes of achieving high-growth may find themselves struggling to cope with accounting processes such as transaction matching.
When you are operating in the digital age the possibilities are endless, and equipping yourself to be on a high-growth trajectory with the best cloud solutions is of utmost importance. BlackLine helps you automate the transaction matching processes and facilitates detail-heavy reconciliations such as bank reconciliations, credit card matching, intercompany reconciliation and invoice-to-PO matching.
Cash Application
The cash application process is one of the most important in a business as it fills up the coffers of a company and enables them to quickly disburse the funds to make investments, award profits or fund the payroll.
The wide variety of payment and inconsistencies in how remittances are delivered make large-scale cash application a major challenge. BlackLine transforms the order-to-cash process by accelerating the pace at which cash to open invoices are applied.
Variance Analysis
BlackLine offers variance analysis automation that helps you calculate and identify account balance and activity fluctuations that enables you to continuously monitor you processes to identify risks, in addition to ensuring the effective and timely execution of critical management review controls.
BlackLine offers variance analysis automation that helps you calculate and identify account balance and activity fluctuations that enables you to continuously monitor you processes to identify risks, in addition to ensuring the effective and timely execution of critical management review controls.
AR Intelligence
The comforts of spreadsheets such as Microsoft Excel can be seductive for new businesses. However, those who harbour hopes of achieving high-growth may find themselves struggling to cope with accounting processes such as transaction matching.
By automating key, and time-consuming processes, BlackLine allows you to focus on analysing key data in the accounts receivable process such as credit risk assessment, collection strategies and other measures that can bring value to your business.
Why Choose PointStar Consulting
PointStar Consulting is an award winning cloud services provider with over 14 years of experience in implementing cloud ERP projects and other solutions that help businesses realise the benefits of workflow automation.
Headquartered in Singapore, PointStar Consulting has since grown rapidly as the leading Oracle NetSuite solutions provider and Blackline Partner in the Asean and Asia Pacific regions, with clients in Singapore, Malaysia, Indonesia, Vietnam, Japan, China, Taiwan, and South Korea.
