BLACKLINE FOR ENERGY & RAW MATERIALS
Creating capacity and maximizing efficiency by automating up to 79% of accounting work
The close is always coming. But that’s the thrill of modern accounting. Having not just the tools, but the skills to win the race. It's time to move to modern accounting with BlackLine.
Energy and raw materials companies are challenged to manage costs while innovating to produce safe, reliable, and sustainable energy and raw materials products and services.
Accounting teams at these companies must also adapt. Modern accounting technology helps accounting teams save time, reduce risk, and create capacity to support their organizations' strategic objectives.
See why leading companies like British Gas and Energy Transfer choose BlackLine for financial close automation, visibility, and control.
Modern accounting use cases for energy and raw materials companies
Automatically reconcile gross ledger to net ledger activity
Centralize and standardize distributed global close tasks, controls, and journal entries
Proactively analyze variances of projected expenses to actual expenses
BlackLine is the Leader in G2’s Financial Close Software Grid
See how energy and raw materials companies are unlocking capacity in Accounting
“With BlackLine, we’ve improved internal control and reduced our risk of fraud. And because there’s both increased transparency and instant access to data, we’ve enhanced our audit trails.”
Anniken Røssing,Vice President Finance
“In the past we only reconciled cash at month end. Now, we’re doing it twice a month and have cut 40% to 50% of time from monthly auditing of cash reconciliations.”
Mayra Herrera, VP Core Accounting
“With BlackLine, we have a platform where everything is in one place. Because approvals are systematic, we never have to ask if a reconciliation was approved. It’s all in BlackLine.”
Julie Egan
Vice President, Finance Shared Services
The value of accounting automation
79%
increase in auto- certified reconciliations
75%
of transactions automatically matched
66%
faster monthly close
BlackLine returns $2.77 for every dollar spent
Additional Resources
BlackLine for Mergers & Acquisitions
Explore how BlackLine helps to maintain visibility, control, and standardization through M&A transactions.
BlackLine Solutions for SAP Oil & Gas Companies
Learn about SAP’s solution extensions by BlackLine for Oil & Gas Companies, including challenges, top use cases, results, and more.
Reducing the Financial Close from 15 Days to 5
Read how sPower reduced errors and increased efficiency, shortened close time by 66%, enabled business continuity, and more with BlackLine.