“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.”
"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."
“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.”
“We aligned the migrations with our month-end close timelines."
“With AMS, it was rather difficult to meet, with a high confidence level, all attestation requirements. People would tick a box that an account had been attested to after a reconciliation was performed manually, printed and signed. We also needed a solution that could handle profit-center accounting, which was required as part of our Finance Architecture program.”
“Our journey with BlackLine has helped us clean up, standardise, and automate our close process. For organisations that have operations all around the world like we do, BlackLine is a great platform to help reduce risk and increase visibility.”
“From the perspective of the accounting group, our primary responsibility is to make sure that our financial condition is accurately represented, and I would say this is where BlackLine plays a key role in making sure that that happens.”
"Wesco operates in a multi-currency industry, and initially, we assumed the Cash Application software would not meet our high expectations. However, the team discussed our requirements in depth and reconfigured the software to create a solution that was customized for us. We now enjoy an 85-95% multi-currency match rate which allows the Accounts Receivable team to focus on debt collection using clean, accurate, and up-to-date sales ledgers."
"With Cash Application, all parts of the process—application rates, turnaround time, unapplied cash, and team performance—are monitored and measurable. When we see an area for improvement, we can identify exactly what needs to be done and predict how the customer will benefit. Onboarding new employees and acquisitions used to be quite challenging. Now, it’s easy because Cash Application does most of the work."
"Thanks to BlackLine, some tasks have become a 20-minute job rather than a three-day job."
“Our executives were being forced to sign off on public filings without having real-time visibility into key areas of finance and accounting. We knew we had a gap. BlackLine helped us close the gap and start focusing on more value-add activities.”
"In the past, we would have to sit in a large conference room and review the journals with the auditors for hours. Your tool provides one stop shopping for the auditors."
“We had a great year-end in March and the auditors were very happy It’s been a very successful project and shows that even mid-sized organizations can benefit from the automation that BlackLine brings to the monthly close process.”
"The business units were utilizing the same financial functionalities. As we explored streamlining the configurations and consistencies to align with our finance unit and move toward an application-sharing model, we saw the benefits of bringing three separate BlackLine instances into one for a unified view."
“UGI Corp. and each subsidiary, with the exception of UGI International, operates its own accounting function. There’s an overall desire for a centralized, leveraged service center that serves all the business units to capture cost savings as well as develop process standardization across the organization We’re establishing best practices that four business units can utilize rather than each adding vendors or creating account reconciliations manually,With a standardized process, one service center can meet the needs of every business unit.”