{"id":3637,"date":"2018-09-07T21:03:40","date_gmt":"2018-09-07T21:03:40","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=3637"},"modified":"2022-09-05T19:07:11","modified_gmt":"2022-09-05T19:07:11","slug":"implementing-blackline%e2%80%99s-account-reconciliation-solution","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2018\/09\/implementing-blackline%e2%80%99s-account-reconciliation-solution\/","title":{"rendered":"Implementing Blackline\u2019s Account Reconciliation Solution"},"content":{"rendered":"

Introduction<\/strong><\/span><\/p>\n

BlackLine Account Reconciliations is one of the most popular solutions utilized by major corporations across the world that automates and standardizes the general ledger reconciliation process.\u00a0 Some of the benefits of this type of solution include automated review and approval workflows, with proper segregation of duties; reconciliation templates and checklists to standardize processes; integrated storage of supporting documentation for easy review and audit; and a link to applicable policies and procedures for easy reference.<\/span><\/p>\n

While the benefits of this type of solution can be substantial, as with any system implementation such as this at a large corporation, the impact on the existing processes, organizational structure, and policies can be significant.\u00a0 This research abstract looks at the recent efforts of a major corporation as they went through the implementation effort to implement BlackLine Account Reconciliations.<\/span><\/p>\n

Company Experience<\/strong><\/span><\/p>\n

During a recent Peeriosity PeercastTM<\/sup>, a large healthcare company shared its experiences in implementing and administering the BlackLine Account Reconciliations solution<\/a>, including some of the biggest challenges faced when doing so.\u00a0 One of the first things they shared was the preparations they made prior to proceeding with the implementation.\u00a0 Some of those included engaging IT to help determine how data would be extracted out of the ERP and other systems and into BlackLine, identifying the administrators who would oversee the ongoing usage of the new system, setting up the system governance, identifying templates and group accounts for existing reconciliations, and identifying the auto-certification rules.\u00a0 Some of those auto-certification rules included the following:<\/span><\/p>\n