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
See how banks and financial services organizations are unlocking capacity in Accounting
“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.
“We are auto-certifying 95%-98% of our 134,000 reconciliations. That is what modern finance is to me, being able to utilize technology to make the finance and accounting process more manageable and more efficient. There’s additional value in having the time to perform more analysis.
Finance Manager
“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.
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
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.
Driving Sustainability from the Finance Seat
With the rise of sustainability and ESG in the APAC region, learn the opportunity for F&A teams to drive the path forward.
F&A Priorities: Mergers & Acquisitions
Learn why M&A readiness is a top leadership priority and how F&A can enable success, from due diligence to integration.
Contact Jason
For more information on how BlackLine can boost your banking and financial services organisation, contact Jason Boles.
Jason Boles
Enterprise Lead, BFS&I
Phone: +61 421 377 415
jason.boles@blackline.com
Solutions
Consolidation & Financial Analytics
Modern Accounting Playbook
Company
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