Reinvent Journal Entry Process
Eliminate the challenges of manual journal entry management with BlackLine Journal Entry. With hundreds or thousands of entries each period, the traditional process of creating, supporting, and certifying journal entries is time-consuming and lacks standardization, posing downstream audit risks. BlackLine Journal Entry is a comprehensive solution that integrates with ERPs and other BlackLine financial close management solutions to centralize and automate the entire process, from creation and validation to review and posting.
Streamline and Automate End-to-End Processes
BlackLine Journal Entry allows accounting teams to centralize the creation, validation, review, and posting of journal entries. By integrating with your ERPs and other BlackLine financial close management solutions, it synchronizes data in real-time, validates master data, posts entries, and retrieves booking confirmations. Configurable rules and dynamic workflows help systematize journal entries, routing them for approvals based on amount thresholds and roles. Automated certification of reasonable entries frees up time for nuanced journal analysis, allowing teams to focus on critical work.
Improve Audit Preparedness & Cooperation
Avoid the hassle of searching for supporting documents by granting access easily. BlackLine Journal Entry guarantees the separation of responsibilities and incorporates vital control attributes into standard journal entry templates. An electronic audit trail automatically records and stores certifications and posting documents. Users have the ability to include additional documentation in the cloud, while auditors are granted read-only access based on their roles, enabling them to perform self-service journal entry testing.
Enable Mobility & Revamp User Experience
Easily access, review, and approve journal entries from anywhere, at any time. With BlackLine Mobile, you can stay connected even when you're away from the office. The BlackLine mobile app simplifies the process of monitoring journal entries throughout the organization. Get immediate notifications when a journal is ready for review and promptly certify it to keep the process flowing smoothly.
Our Success Histories
Telecommunications Company with operation in the Caribbean and Central America
Developed and implemented Automated Journal Definitions aimed at enhancing Intercompany Postings efficiency across a network of over 40 entities. These automated processes are triggered by a customized Final Certification State within Intercompany transactions, ensuring precision and reliability in financial reporting. This strategic initiative not only streamlines the intercompany reconciliation process but also fortifies financial controls and compliance measures. The implementation reflects a commitment to technological advancement and operational optimization, fostering a more streamlined and accurate financial ecosystem across the diverse network of entities.
American Multinational Entertainment and Record Label Conglomerate
Successfully executed the integration of Journal Entry implementation with SAP Hana migration, encompassing two principal divisions and spanning seven meticulously planned project phases. This comprehensive initiative covered over 50 countries across LATAM, APAC, and EMEA regions. The implementation process included the optimization of Journal Entry fields and the incorporation of advanced validations to align seamlessly with SAP Hana requirements, ensuring accuracy and compliance. In addition, Standard Operating Procedures were provided to comprehensively document the processes, fostering transparency and consistency in the execution of journal entries. This strategic approach not only showcased a commitment to technological excellence but also established a robust foundation for streamlined financial processes within the global organizational framework.
