BLACKLINE FOR BANKING & FINANCIAL SERVICES

An intelligent investment in your transformation journey

Modern finance is about having real-time information at your fingertips.”

Banking and financial services organisations are digitally transforming to meet customer demands, focusing on cybersecurity and other initiatives to survive and thrive in a complex and formidable economy.

Accounting teams within the Australian banking and financial services industry must also adapt. Aged processes, legacy financial systems, and data silos are proving costly and ineffective. Faced with increasing compliance and regulatory requirements and limited resources, F&A teams must embrace modern accounting technology to help them save time, reduce compliance and financial risk, and create capacity to support their organisations’ strategic objectives.

BlackLine helps organisations deliver complete and accurate results faster by integrating, orchestrating, and automating end-to-end accounting processes in the cloud.

VP of Finance & Accounting, Nasdaq

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 standardise distributed close tasks, controls, and policies

Reconcile transaction processing systems to the General Ledger and other sources

BlackLine is the Leader in G2’s Financial Close Software Grid

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See how banks and financial services organizations are unlocking capacity in Accounting

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“We knew BlackLine would help us achieve a number of key things—transparency, efficiency, better controls. What we also found is that it’s been an enabler and a catalyst for change. With BlackLine, we’ve taken a significant step toward automation and modernisation.

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“Innovation is a very important factor in our company’s future plans and BlackLine is a key part of that journey.

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“We valued BlackLine’s market share, especially among banks. Other vendors offered us referral calls from non-banking institutions. But with BlackLine, we had several excellent references calls with other banks that liked using the platform.

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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.”

Trusted by 4,000+ Companies

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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

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Additional Resources

Finance Trends for Financial Services

Leaders at EY explore the operational change and technology innovation within the finance function and how finance leaders are looking to shape their function into the future.

Webinar