Jacobs evaluated BlackLine and the Oracle Account Reconciliation Cloud Service. The latter was favored by the IT team because Jacobs’ ERP is Oracle R12. The finance team, however, found that BlackLine Account Reconciliations offers superior functionality and flexibility. Plus, it integrates with other products in the BlackLine suite, including Task Management, Transaction Matching, Variance Analysis, and Journal Entry.
“Account reconciliations for Oracle is not their business, not their main space, not their bread and butter—it’s an add-on,” Cameron says. “Working with BlackLine, we found better knowledge, functionality, response, and commitment. And we’ve been able to do a lot of things with BlackLine that we never could have done with Oracle.” To assist with its BlackLine evaluation and implementation, Jacobs engaged Riveron, a BlackLine partner, and business advisory firm headquartered in Dallas. Riveron’s technology and finance experts helped Jacobs implement and rapidly scale its use of BlackLine, accelerating the business impact when the solution went live.
“Riveron brought a lot of knowledge, expertise, and collaboration to the table,” Cameron says. “Every member of the team had the attitude, ‘I love what I do, I know what I’m doing, and I’m going to make your life better.’ I can’t say enough good things about them
Reduced account reconciliations time from 60 to 35 days, increased auto-certification rate to 63% from zero, achieved global standardization across 40 countries, improved controls, visibility and SOX compliance