Automated Close

BlackLine

Gain a single view of your financials and accelerate the close cycle through automation, tighter controls and increased visibility.

Challenges

Remove the Hidden Costs of Manual Accounting

Maintaining your monthly close in spreadsheets is inefficient, risky and unscalable. BlackLine is a technology solution with a group of integrated applications that enable continuous accounting and can alleviate the weaknesses inherent to manual accounting.

Manual month-end close processes and reconciliations eat up valuable time better spent on strategic focus rather than compiling, validating and processing data from disparate systems. Automating these processes can reduce your monthly close by 30-40%.

Finance and accounting budgets are distributed inefficiently when you have labor-intensive accounting practices. If you physically extract data, it’s impossible to reduce these costs as your business grows in complexity. Standardizing, automating and centralizing these processes can increase efficiency and allow you to drive more value out of your finance budget.

Errors from manual data inputting can lead to distrust in your financial statement accuracy and possibly expose you to instances of fraud. Building in automatic controls and decreasing reliance on human intervention can secure your organization and elicit confidence in your financials.

An expanding regulatory landscape increases the time and money spent on audit requests. Mitigate your audit burden by integrating your financial systems to get greater visibility into your financials without increasing your accounting team’s efforts on tedious tasks during an audit.

Wasting your accounting team’s valuable skills on mundane, repetitive tasks hurts morale and also hinders your ability to attract and maintain talent, which can be expensive and time consuming to replace. By automating simple, recurring processes, you have a greater likelihood of hiring exceptional accountants who can be strategic partners on business initiatives.

Case Study

A premier resort automates financial processes by implementing and integrating Sage Intacct and BlackLine and reduces the time to close by 50%.

Read the Case Study

Consolidated Data

BlackLine can help your finance and accounting teams analyze the details of every account and consolidate all your data into a single set of financials. Ensure an accurate period-end close through transparent collection, management, tracking and analysis of your business data.

Balance Sheet Integrity – Automate all elements of your balance sheet to increase accuracy.
Close Process Management – Streamline the entire close process to meet quicker reporting deadlines with better information.
Accounting Process Automation – Improve efficiency by automating repetitive accounting tasks, so your team can focus more on analysis.
Intercompany Hub – Unify intercompany transactions across geographies and currencies instantly.
SAP Financial Close Excellence – Complement your SAP software solutions to have an end-to-end view of your financials outside your ERP.
Compliance – Craft more effective controls that proactively address an increasingly complex regulatory environment.

Financial Close Solutions

Centralize key accounting functions within a single platform and accelerate your financial close processes with consistency and quality through BlackLine’s cloud-based offerings:

Account Reconciliations

Automate and streamline key tasks to improve financial close accuracy

Task Management

Manage month-end closes from end to end with enhanced workflows and real-time dashboards

Transaction Matching

Automatically reconcile millions of transactions each month in minutes

Journal Entry

Expedite creation, validation and approval of entries for easier period-end closes

Variance Analysis

Calculate and identify fluctuations then route them to the controllers instantly

Consolidation Integrity Manager

Replace tedious, manual reconciliations of multiple ledgers with a seamless workflow

5 Benefits of Modernizing the Close Process Using Financial Technology

Infographic

Transform your financial close process and reap five major benefits.

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Why Us

Utilizing BlackLine to help you employ continuous accounting offers immense benefits. Don’t let that investment go to waste by working with a partner who doesn’t understand the full needs of your organization. As BlackLine's 2021 Americas Solution Provider of the Year and a Gold Solution Provider, Armanino has considerable experience implementing and integrating the solution into businesses’ current technology stacks to shave days off the period-end close process.

We specialize in providing strategic advice, assessments, implementations and integrations to midsize businesses and global enterprises to increase productivity and enable back-office teams to be more strategic partners.