BlackLine Blog

September 20, 2017

Major UK Specialty Food Provider Sinks Teeth Into Automated Recs & Task Management

Modern Accounting
2 Minute Read

Claudia McDonald

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London-based Tate & Lyle knows a thing or two about technical innovation. Since the late 1800s, its business has grown around providing everything from sugar substitutes, food sweeteners, and stabilizer systems to starches for paper and adhesives.

In that time, the company made brands such as Splenda and Tasteva household names around the world.

Laboring under multiple regional SAP ERP systems and a variety of disparate account reconciliation processes, Tate & Lyle wanted to migrate to a single global instance of an SAP ERP system.

The company also decided to centralize its finance function within a newly formed shared services group. Additionally, they decided to add a key component to the centralization effort and process upgrade – an automated account reconciliation system.

“Our reconciliation processes were three-level and paper-based,” says Barbara Blaszczyk, the company’s head of finance operations. “Manual reconciliations were recorded on spreadsheets, with paper signatures and different storage locations depending on the location of the account and team responsible.

“We wanted to have more control over the processes,” she says. “From an operational perspective, we wanted to make these cumbersome processes easier to manage.”

As simple as it sounds, the effort would be Herculean, since the company has more than 30 manufacturing, processing, and distribution facilities worldwide.

Adding Task Management

Tate & Lyle also implemented BlackLine’s Task Management product, which has helped the company standardize month-end close timetables by replacing spreadsheets for recording and tracking month-end closing tasks.

Overall, BlackLine’s software has helped the finance team become more engaged in the accounting process.

“As we move from manual reconciliations and gain better monitoring of month-end close tasks, we have far more time to spend on value-added activities such as analyzing data and preparing additional reports,” says Blaszczyk.

“But what gives our team members the most satisfaction is the knowledge that they are now more invested in the process. They have started to enjoy preparing reconciliations and tasks – not only the technical side of it, but also the outcome of the process and the understanding of the business background behind the accounting transactions.”

About the Author


Claudia McDonald