BlackLine Tax Accounting
Automate and standardize tax accounting, provision, and close processes for accuracy and efficiency.
Executive Summary
BlackLine Tax Accounting is a cloud-based solution designed to modernize and transform tax accounting processes. It automates and standardizes critical functions such as tax provision, deferred tax calculations, and reconciliations. By integrating seamlessly with broader financial close workflows, the solution aims to enhance accuracy, improve efficiency, and provide greater control and visibility over tax-related financial operations. Leveraging the BlackLine Studio360 Platform, the solution offers robust capabilities for connecting and moving data between various source systems, including ERPs, through pre-built connectors and open APIs. This ERP-agnostic approach ensures flexibility and comprehensive data integration. BlackLine also incorporates machine learning, particularly in areas like Accounts Receivable, to apply intelligence and drive further process improvements, such as reducing days sales outstanding and improving working capital.
Use Cases
- Automating the calculation and reporting of tax provisions.
- Standardizing deferred tax calculations and reconciliations across entities.
- Integrating tax accounting data with core financial close processes.
- Improving accuracy and efficiency in tax-related financial reporting.
- Centralizing data from various ERPs and financial systems for tax purposes.
Features
Visibility
- Greater Visibility: Provides enhanced transparency and insight into tax accounting and financial close processes.
- Seamless & Transparent Operations: Ensures smooth and clear oversight of financial operations from every angle.
Intelligence
- Machine Learning Application: Applies machine learning to financial data to drive process improvements and generate insights.
- AR Intelligence: Specifically uses machine learning to help reduce days sales outstanding (DSO) and improve working capital.
Technical Specifications
- Architecture
- Cloud-based software platform
- Deployment
- SaaS
- Authentication
- OAuth/OIDC
- API Available
- Yes
AI/ML Stack
- Verity AI
- Verity agents
Integrations
- SAP
- Oracle ERP
- Any ERP System
Security & Compliance
Certifications: GDPR Compliant
Encryption: Network communication for APIs is over TLS 1.2 or higher.
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About BlackLine
BlackLine provides cloud-based finance and accounting automation software that helps enterprises modernize and automate close-to-disclose processes, reconciliation, and financial controls. Their platform is aimed at improving accuracy, visibility, and efficiency for accounting and finance teams across large organizations.
Alternatives to BlackLine Tax Accounting
- Bloomberg Tax Provision by Bloomberg Tax — Automate corporate tax provision calculations for accuracy and compliance.
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- Corptax Provision by CorpTax — Automate and streamline your corporate tax provision process.
- Deloitte Tax Provision Solution by Deloitte — Automate tax provision for large enterprises with technology-driven data collection, calculation, and reporting.
- Exactera Tax Provision by Exactera — Automate ASC 740 corporate income tax provision calculations with audit-ready accuracy.
- EY Tax Technology and Transformation (TTT) - Tax Provision by EY — Integrate, automate, and enhance tax provision reporting for global compliance.
- KPMG Tax Provisioning Solution by KPMG — Automated global tax provisioning for ASC 740 & IAS 12 compliance.