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SAP Account Substantiation and Automation by BlackLineSAP

Transforming your financial close with simpler, more efficient processes.

Vendor

Vendor

SAP

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Company Website

Product details

Standardize and streamline your financial close By complementing and extending finance solutions from SAP, the SAP Account Substantiation and Automation application by BlackLine can help you support continuous accounting practices in the cloud and enhance key steps to increase efficiency, productivity, and data integrity. - Cloud deployment - Simplified, coordinated end-to-end closings - Foundation for decision-making and compliance - Increased IT flexibility and scalability

Key benefits Optimizing account reconciliation Achieve hyper-efficient reconciliations through standardized and configurable templates, rules-based automation, and predefined workflows. Maximizing efficiency of your financial close Enhance key steps throughout the close cycle with an application that complements and extends your finance solution investments from SAP. Gaining new insights in real time Perform variance analysis of automated balance fluctuations between balance sheet and income statement accounts over different periods.

Key features Account reconciliation and tasks - Leverage templates, rules-based prioritization, automated reconciliation, and certification - Use predefined workflows for checks and balances - Sign off and certify digitally, eliminating the use of Excel files and e-mails - Give business users access to real-time dashboards to track processes Journal entry - Centralize and streamline the manual journal-entry process - Prepare journal entries, perform validations and dependent validations, and attach supporting documents - Provide workflows to streamline posting processes - Create extracts to be used by your ERP application from SAP Transaction matching - Support reconciliations of high volumes of data across multiple data sources - Provide suggested matches and flag exceptions based on preconfigured rules - Support a range of SAP software data, from general ledger balances and subledgers to transactional data and currency rates Financial review - Discover accounting discrepancies through automated, rules-driven workflows - Track balance fluctuation between balance-sheet and income-statement accounts - Use flexible variance rules and balance comparisons - Centralize analysis, reporting, controls, and workflows for compliance monitoring and support - Track and strengthen conformity with regulations