“We’ve enhanced our controls and improved the efficiency of the entire organization.”
Prior to selecting BlackLine’s unified financial controls and automation platform, Caesars considered developing an in-house solution. But the time commitment proved daunting. “Building our own system would have consumed a lot of internal development resources,” said Allison Combs, controller, Caesars Entertainment. “We looked at BlackLine, and it made more sense because it was available right away.”
Caesars implemented BlackLine’s Account Reconciliations in 2011 and has since added Transaction Matching, Bulk Journals, Journals, and Task Management. “Due to the success of our original partnership with BlackLine, we began exploring other options for our entire company. We knew BlackLine worked, and we knew the benefits to it,” said Combs. “Based on our experience with the Account Reconciliations module, we saw other use cases that would improve our process.”
Caesars plans to expand its use of BlackLine over the next two years. “We’re going to engage BlackLine with casino revenue once we have approval from the regulatory bodies. We’re also looking at using it within accounts payable,” said Combs. “We want to bring every process into the 21st century.”
Improved and streamlined control activity, gained true interoperability among accounting functions, increased efficiency, improved workflow and ensured greater accuracy.