"Previously, all account reconciliations were saved on local networks across the globe, and often shared only within the same business unit meaning collaboration between business units was infrequent, and assurance of consistency or visibility across the group was limited."
"Thanks to BlackLine, some tasks have become a 20-minute job rather than a three-day job."
“Pre-BlackLine, everything was very scattered. We didn’t have a centralized area and there’s a lot of roll-forward, that minutiae of doing reconciliations that we were focused on. Now, we get to focus on the fun parts of Accounting.”
“Cash Application was a no-brainer for us. We saw instant opportunity and acted fast, achieving standardization and rapid time to value. Bringing people in house to our shared service center allowed us to continue our people-centric approach and provide outstanding individual development and opportunities. All whilst driving improved cash application and reducing unapplied cash.”
“My advice to anybody who has not yet started their automation journey is you need to automate sooner rather than later. The benefits it gives you far outweigh the costs of bringing in a new system… There’s an obvious benefit for our staff and customer base… and it allows us to enhance the service we deliver.”
“Cash Application has allowed the credit controllers to focus on collecting cash and managing risk. It is no coincidence that in this period we have achieved outstanding cash collections and our bad debts are lower than the industry standard.”
“BlackLine Cash Application is a brilliant product. I’d question anyone not wanting it. You can absolutely reduce your costs by at least 75%. The cost vs. benefit is a no-brainer. The solution has so much functionality and flexibility to set up processes exactly the way you want.”
“We’re collecting more money, faster and more efficiently. I have complete transparency. I can see live data in real time, across the globe, for all of our AR ledgers. And with BlackLine, everything is in one place.”
"BlackLine's software has revolutionized our cash allocation process. We have reduced the average time to allocate a payment by over 50% and automated the remittance process. Our collectors used to spend an average of 15% to 20% of their time chasing and administering allocation details. This has been reduced to less than 5%, allowing our collectors to spend their time on their core role."
“For the first time, we have visibility over all events and data. We are now able to efficiently drive credit control activity. This means that we can foresee scheduling conflicts and allocate resources to the areas that need the most attention.”
“What I really like is that the data you're providing is not only powerful for my AR team, but this is information my key stakeholders would very much appreciate in Sales and Finance.”
“The governments of some countries only give companies five days to provide information before issuing daily fines for non-compliance. Now we can respond to requests for information right away.”
“All transactional information between legal entities in our group is now in one place, which helps to drive accountability in our business through real-time visibility.”
“Our BlackLine implementation was very straightforward. I’ve been implementing systems for many years, and this was one of the most organized and smooth-running implementations I’ve ever experienced.”
“The riskiest thing you can do is not change. In this modern world, digital transformation is a reality. Companies that don’t embrace change will be left behind. We have to take advantage of the technology available and the automation that it offers. And I believe BlackLine delivers that.”