“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.”
"Thanks to BlackLine, some tasks have become a 20-minute job rather than a three-day job."
“BlackLine Intercompany Hub has been an absolute game changer. We no longer have to worry about whether an invoice generated in company A has been picked up in company B. It happens automatically.”
“We were doing everything with spreadsheets. It was all very manual, and we were spending a lot of time doing archaic, redundant work when we could have been doing more value-added and strategic work. It really wasn’t a good representation of what a finance department should be producing.”
“We were very understaffed, and our process wasn’t scalable, We weren’t operating at 100% from a balance sheet perspective. We missed some of the account reconciliation process validation reviews. This resulted in a control deficiency.”
“I know BlackLine has already had a huge impact on our efficiency and accuracy, We’re looking at our workflow in anticipation of implementing BlackLine Transaction Matching and Journal Entry solutions.”
“Everything was manual, all in Excel, We had six people manually refreshing reports and doing drill-down to try to understand what caused a variance at a given location.” In addition, similar manual processes were performed by a separate global close and controls team that performed higher-level consolidated reporting."
“In addition to the reporting time savings we’re seeing with BlackLine Financial Reporting Analytics, we're also improving accounting accuracy and quality. That frees up accountants and analysts to do more value-add work rather than just churning through manual data."
“After the acquisitions, it became clear to leadership that there was an opportunity to strengthen balance sheet integrity, The ERPs themselves do not have that core functionality about balance sheet reconciliation. It was important to bring those three balance sheets together, as well as provide greater visibility and control.”
“The fact that Smart Close is embedded in SAP does a lot for the user experience.”
"Just because you have people who have been in accounting for 10-20 years doesn’t mean they can’t learn new concepts. Nobody today wants their job to be matching transactions from a bank statement into the general ledger. With BlackLine, accountants have the opportunity to do more meaningful, valued-added work”
“Our manual matching process was really challenging, We were processing 2,500 invoices a day and each one had to match to a receipt. It took our staff accountant an entire month to reconcile the bank statement.”
“Our growth really highlighted the inefficiencies and lack of scalability of our existing process, We had no centralization and little standardization. Plus, we were always adding more bank accounts, more reconciliations, and more manual cash postings and transactions. It was taking credit controllers up to two hours to post transactions. That was time spent doing manual work that could have been spent chasing debt.” Time spent downloading bank statements, finding account references and remittances, and other activities required additional manual effort."
“We discovered that we can rely on BlackLine at any point in time, and not just for superior customer service. BlackLine—and the BlackLine Community—bring tremendous value and leading practices to Aetna. It’s been a collaborative experience.”
“Our whole team, even on the operational side, thinks outside of the box, We like to use the latest technology to strengthen our processes and get the right controls in place.”