Automate High Volume Transaction Reconciliations with BlackLine
BlackLine’s transaction matching engine saves valuable time by quickly and accurately reconciling high-volume complex one-to-many and many-to-many financial transactions including bank, credit and purchasing cards, Point of Sale and many other use cases.
BlackLine’s Matching Engine Use Examples
Below are a few use case scenarios of how companies employ BlackLine’s powerful matching engine to streamline reconciliations. If you’ve already invested in BlackLine, Matching is a great way you can continue to gain more from your investment:
With careful mapping and intelligently designed engine pass rules, bank BAI files can be automatically matched daily against a company’s ERP bank account transactions. As the accounts are reconciled, timing differences are quickly and easily identified, reducing your monthly close time by hours.
Point of Sales (POS) system transactions can be configured with match sets to the company’s GL and credit card settlement activity. After running the matching engine, the team can quickly scan the completed matches and focus on resolving unmatched exceptions. Additionally, the engine’s AI refines its matching and pass rules, further improving the number of completed matches and becoming more efficient. This eliminates delays from manual reconciliation with fast and accurate reconciliation for millions of transactions across numerous data sets.
Company credit card and P-Card transactions can be configured with match sets to the company’s GL and T&E system transactions. High-volume transactions recorded to the company’s GL can be matched with approved transactions from a company’s T&E system. The credit card or P-Card GL accounts can be reconciled promptly by connecting to BlackLine’s Account Reconciliation module.
As you can see, we are big fans of BlackLine’s matching engine! If you’d like to learn more or see a brief tour, please don’t hesitate to reach out to our BlackLine Software team at email@example.com.