BLACKLINE FOR UTILITIES

Delivering sustainable processes and elevating the role of Accounting

Utility companies are challenged to manage costs while leading the transition to sustainable transmission and distribution of clean energy.

Accounting teams at utility companies must also adapt. Modern accounting technology helps Accounting save time, reduce risk, and create capacity to support their organizations’ strategic vision.

See why leading companies like First Solar, Aegion Corporation, and Alliant Energy choose BlackLine for financial close automation, visibility, and control.

It’s Time to Move to Modern Accounting

CAO and corporate controller at UGI Corporation says organizations can equip their finance functions to help them thrive with investment in technologies and skills to increase capacity. COVID-19 provided a reason to focus on technologies that reduce costs, improve efficiencies, and increase insights.

WSJ

Modern accounting use cases for utility companies

Enable a collaborative
virtual close with
seamless, real-time
reporting

Centralize and standardize shared services tasks, controls, and journal entries

Centralize and
standardize distributed
close tasks, controls, and
journal entries

Automate account
reconciliations and
transaction matching

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

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See how utility companies are unlocking capacity in Accounting

Case Study

“We thought it was a great opportunity to address not just reconciliations but other routine tasks. BlackLine enabled us to organize data, move away from Excel, and eliminate a lot of manual work.”

Controller

Case Study

A supplier of natural gas, electricity, and propane reduced its close time by 35% with BlackLine.

CASE STUDY

BlackLine increases employee productivity often by over 10 FTEs.

“When our close was paper-driven, I was used to going home and seeing my team working late, at wits end. Two cycles after implementing BlackLine, I was leaving one night, and they were looking too relaxed. I said, ‘It’s the middle of close.’ They said, ‘Everything’s all under control, I know where everything is.’ I take that as a real success when they’re that calm during our close.”

CFO, Energy Company