BlackLine’s Financial Close Suite automates and simplifies the account reconciliation and financial close processes across all of its energy and utilities clients’ operations worldwide. The accounting software also enables ongoing visibility into the financial health of their businesses and helps ensure that they deliver accurate and timely financial reporting as well as provide auditors with direct access to the data they need.
Downer has seen a lot of value from the Software-as-a-Service (SaaS) delivery model, quickly and easily deploying BlackLine and giving all of its users the ability to use the application wherever they are based. The application delivers a complete view of their financials with transparency and good reporting for the 3,500 reconciliations they conduct each month. The company also received another valuable benefit they didn’t expect; BlackLine gave them the opportunity to review processes that lead into their account reconciliations and understand the impact on their operations. As a result, they were able to improve recurring processes, saving vital time to focus on other important tasks.
Learn more about BlackLine’s Financial Close Suite and the accounting software energy and utilities companies use.