Does anyone have experience implementing transaction matching module from Blackline to further automate balance sheet accounts reconciliations? I would appreciate any insights from anyone using it.
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Chief Accounting Officer in Softwarea year ago
It's been awhile but team used the function at a previous company. It took a bit of work to set up and I believe we paid per transaction possibly? This has been a few years but I recall it being expensive but useful in speeding up reconciliations for cash.
Previously, we have managed these via our Emerging Risk Profile indicating expected time horizon for crystallization and speed of onset and categorized using the PESTLE model. In today's global environment, this seems somewhat inadequate. I would be interested in learning how others are managing Geopolitical Risks and to hear if you are considering changing / enhancing your work in this area.
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It's been awhile but team used the function at a previous company. It took a bit of work to set up and I believe we paid per transaction possibly? This has been a few years but I recall it being expensive but useful in speeding up reconciliations for cash.