Treasury Wine Estates is one of the world's largest premium wine companies. Listed on the Australian Securities Exchange (ASX: TWE), the Melbourne-based company employs about 2,500 people and distributes fine wine in 70 countries. A commitment to innovation and quality has helped TWE grow organically and through acquisitions into one of the world’s most admired wine companies from its roots in 1843.

TWE brings the same focus on innovation and quality to finance and accounting. Using BlackLine since 2016, TWE has streamlined and strengthened financial processes while enhancing consistency, accuracy, and control. Having seen such impressive results from Account Reconciliations and Journal Entries, TWE continued their financial transformation journey and rolled out BlackLine Transaction Matching in 2023 for advanced end-to-end automation as part of a “Digital First” initiative.

For TWE, broadening the existing BlackLine portfolio was an ideal way to build on success with further improvements in efficiency and capacity. Collaboration across a TWE internal team, BlackLine, and Accenture, TWE's business process optimization (BPO) partner, helped the company quickly realize benefits in areas including account and bank reconciliations, accounts payable, prepayments, payroll clearing, fixed assets, capital project spend management, and online sales.

The rollout was accomplished with minimal IT involvement by a lean six-person team of TWE and BPO resources, handling the project along with their day jobs. With it, TWE became the first company in the Asia-Pacific region to leverage the “BlackLine Nine” process optimization strategies and an early adopter of Transaction Matching in the Australian market.