Enhancing Visibility and Oversight of Month-End Close Processes
Tate & Lyle is a global provider of specialty food ingredients and solutions, with more than 30 global manufacturing, processing, and distribution facilities worldwide. In 2013, they were relying heavily on manual, spreadsheet-based processes, and with locations in the Americas, Europe, the Middle East, and Africa, regional reconciliations were an unwieldy exercise. The finance team was all too often tied up with time-consuming, administrative tasks, like searching stacks of files for documentation or tracking down missing signatures.
The shared services and finance teams knew they needed to improve oversight and efficiencies, and increase visibility throughout the organization. Tate & Lyle also knew that automation was the key, and made the decision to consolidate its regional SAP systems and implement BlackLine’s Account Reconciliations and Task Management applications.