BLACKLINE FOR BANKING & FINANCIAL SERVICES
An intelligent investment to unify and automate accounting work
We were able to achieve about a 98% auto-certification rate, thereby not having to increase any staff or reduce the frequency of account reconciliations.”
Banks and financial services organizations are shifting from downtown to digital to meet customer demands, focusing on cybersecurity initiatives and undertaking transformation to survive and thrive in an uncertain economy.
Banking and financial services accounting teams must also adapt. Modern accounting technology helps them save time, reduce risk, and create capacity to support their organizations’ strategic objectives.
See why leading companies like Western Union and Brown Advisory trust BlackLine for financial close automation, visibility, and control.
Douglas Tramp
Director, Finance Systems, Zurich North America
Modern accounting use cases for banking and financial services institutions
Automate end-to-end daily balancing of subledger accounts and correcting journal entries
Centralize and standardize distributed close tasks, controls, and journal entries
Reconcile ACH or credit card transactions to bank and GL data
BlackLine is the Leader in G2’s Financial Close Software Grid
See how banks and financial services organizations are unlocking capacity in Accounting
“From a leadership perspective, the selling point for BlackLine was the global transparency between the local markets and the corporate controller’s organization. It also provides standardization, which was a key strategy for our center of excellence.
“Because BlackLine is cloud-based, we’ve been able to leverage the platform from wherever our teams are working.
Group Finance Director
Achieved 191% ROI with reduced staffing costs, improved productivity, and better transparency
Innovation is a very important factor in our company’s future plans and BlackLine is a key part of that journey.”
The value of accounting automation
99.8%
policy compliance
98%
of reconciliations auto-certified
6 Week
implementation
BlackLine returns $2.77 for every dollar spent
Additional Resources
BlackLine for Banking & Financial Services
Review accounting challenges and explore automation opportunities unique to the banking and financial services industry.
Dun & Bradstreet Success Story
Hear how Dun & Bradstreet achieved 251% ROI and a payback period of 0.4 years with BlackLine.
BlackLine for Mergers & Acquisitions
Learn about SAP’s solution extensions by BlackLine for consumer products customers, including challenges, top use cases, results, and more.