London, January 2015 - Leading finance controls and automation software company BlackLine today announced a new contract with financial services organisation Credit Agricole Consumer Finance Nederland B.V. Replacing a very manual paper based process. Staff in The Netherlands will use BlackLine’s cloud-based Finance Controls and Automation Platform to automate core close processes. This will deliver increased efficiency and reduce paper consumption while simplifying the close process.
Marcel Schreutelkamp, Senior Manager Finance & Control of Credit Agricole Consumer Finance Nederland, comments: “We were using an old fashioned paper based excel process for reconciliations and close processes. This was not sustainable and we needed to add automation and controls and take a Modern Finance approach.
“Once we had determined our requirements we took the opportunity to look for a cloud solution that would provide the team with a unified platform solution that can scale with our organisations requirements,” he continues. “BlackLine is renowned for the speed and ease of implementation– our team is excited and looks forward to using the solution once implemented ”.
BlackLine was selected after a competitive bid review process. Following a thorough screening process of two providers, BlackLine was selected by Credit Agricole Consumer Finance Nederland for its ease of use and implementation speed, and for the unified platform that integrates easily with any ERP and sub ledger system.
Mario Spanicciati, EVP of BlackLine EMEA, said, “Credit Agricole Consumer Finance Nederland B.V. is a prestigious Financial Services brand, and we are proud to be working with them to deliver their modern finance function and help them automate their close processes”.
BlackLine was recently listed by Gartner as a ‘Best-of-Breed’ provider for Enhanced Finance Controls and Automation (EFCA) Software - a renamed category formerly called Close/Reconciliation Management by the global technology industry research leader.