Enabling finance and accounting teams to concentrate on important tasks
BlackLine Transaction Matching streamlines the process of reconciling large volumes of transactions across data sources, which can otherwise be a daunting task. Traditionally, accounting teams would have to download data from source systems, aggregate details in spreadsheets, and use complex formulas, v-lookups, or color coding to match and reconcile data, which is not sustainable. By unifying data in the cloud and using business rules to automatically match transactions and flag exceptions, BlackLine Transaction Matching modernizes high-volume reconciliations, saving time and reducing risk.
Boost productivity and enhance efficiency
Reduce the time spent matching transactions and allocating resources to critical tasks, such as handling exceptions and reviewing open items. BlackLine Transaction Matching automates the matching of millions of transactions within minutes, even in complex scenarios involving one-to-many and many-to-many relationships. Matching is conducted continuously throughout the period, allowing for the prompt identification of items that require follow-up.
Maximize accuracy and improve control
Proactively mitigate risks and minimizing human error through configurable rules that add consistency and rigor to matching processes. With workflow automation, BlackLine Transaction Matching drives standardization and control at scale, automatically flagging exceptions and suggesting matches for user review. Users can quickly create reconciling items as part of an account reconciliation, ensuring transparency and adherence to leading practices.
Ensure Transparency and Adherence to Leading Practices
Gain visibility into matching status, including recommended matches and identified exceptions across the organization, and empower transparency by accessing real-time dashboards that provide a clear view of the bigger picture from anywhere. The solution is fully integrated with other BlackLine Financial Close Solutions, such as Account Reconciliations and Journal Entry, enabling end-to-end automation and access to a complete audit trail.
Our Success Histories
Telecommunications Company with operation in the Caribbean and Central America
Matching Engine meticulously designed to streamline and harmonize intercompany ledger transactions across multiple Enterprise Resource Planning (ERP) systems to ensure the seamless processing of settlements, effectively eliminating the risks associated with intercompany mismatches.
American Multinational Entertainment and Record Label Conglomerate
Transaction Matching implemented to guarantee accurate posting for the reversal of Accruals Journal Entries. Furthermore, it offers real-time reporting capabilities, providing leadership with immediate insight into Accrual balances.
Multinational Infrastructure Consulting Firm
Effectively implemented Bank to General Ledger (GL) matching by integrating Bank Statements and Purchase Card data with Oracle GL postings, seamlessly covering the AMER, EMEA, and APAC regions. This strategic integration not only streamlines the reconciliation process but also enhances accuracy and transparency in financial reporting across diverse geographical regions.
