BlackLine has clarified Molson Coors’s financial close by consolidating its accounting processes into one tool. As a result, both executives and individual business units can analyze company performance in real-time and adopt a more proactive approach to data analysis. BlackLine’s customer support has been crucial for the success of Molson Coors’s deployment, providing constant access to technical support and new best practices.
BlackLine’s reporting functionalities have also enabled the company to improve its policy compliance and risk management initiatives. Molson Coors can fulfill its auditing requirements more quickly because all of its financial data is stored in one repository. The company also plans to further expedite audits by expanding BlackLine’s scope to include external auditors. BlackLine’s set workflows and user roles have clarified the responsibilities of Molson Coors’s financial administrators and enabled them to focus on specific tasks, resulting in fewer errors and increased productivity. Molson Coors plans on maturing its BlackLine implementation by expanding the software to additional business units, and by exploring new functionalities such as Smart Close and intercompany matching.