Transaction Matching

High-volume reconciliations can be some of the most time-consuming and painful components of the financial close process. The need to tick-and-tie millions of individual transactions can occupy hundreds of hours each month. The BlackLine Transaction Matching product can streamline and automate detail-heavy reconciliations, such as bank reconciliations, credit card matching, intercompany reconciliations and invoice-to-PO matching. It contains a state-of-the-art matching engine with powerful and configurable pass rules designed by business users to meet their specific challenges.

Transaction Matching provides an effective and efficient mechanism for identifying matched and unmatched transactions as well as for exception handling. BlackLine clients use this module for a variety of purposes, including Bank to General Ledger; Bank to Credit Card; Received, Not Invoiced to Received, Invoice Received; Intercompany Transactions; Investment Transactional Matches; Bank to Accounts Receivable; Third-Party Invoices to Internal Records; and many others. When unmatched transactions are found, you can quickly and easily create reconciling items as part of an Account Reconciliation and include a direct link to incorrect transactions within a correcting Journal Entry

Key Features

  • Automatically import, parse and manipulate transaction data from any readable source, in any format, on any schedule
  • Handle high volumes of transactions quickly and easily, matching up to one million transactions per minute
  • Match any type of data from multiple data sources with flexible, rules-driven “match sets.”
  • Intelligent “dynamic grouping” finds the best combinations of matches through high-speed algorithms
  • Match one-to-one, one-to-many, and many-to-many pairings
  • Express configurable tolerance thresholds numerically or as percentages

Key Benefits

  • Significantly reduce the time required to perform transactional reconciliations
  • Streamline communications with built-in workflow and exception handling
  • Create and employ match sets on an ad hoc basis with powerful and intuitive interface
  • Reduce manual labor with defined matching rules that run swiftly and automatically as needed
  • Reduce keying errors by eliminating spreadsheet ticking and tying
Account Reconciliations right image

Transaction Matching

Case Studies

AT&T

Zurich American Insurance Company

eBay

As an integrated part of the BlackLine Finance Controls and Automation Suite, Transaction Matching product rapidly delivers measurable ROI with easy integration and configuration.