Modern Accounting Award Winners

2021

THE UNIFIER

Dentsu International

Dentsu, a multinational media and digital communications company, unified their data, processes, and visibility to complete 64 fully virtual BlackLine deployments, manage 20,000 tasks, and achieve 80% auto-certification across 140,000 reconciliations.

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THE ACCELERATOR

FWD Insurance

Multinational insurance company FWD Insurance imported and enhanced massive amounts of data to automate manual, spreadsheet-based processes, including automatically matching over one million line items that were previously done manually, freeing up team resources for an impending migration to Oracle ERP Cloud.

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THE CLOSER

Flowers Bakeries LLC

The Closer – For the company that embraces continuous accounting, distributing close tasks across the period to reduce month-end workloads, speeding up the close process and supporting the business in real time.

The award goes to Flowers Bakeries LLC, a subsidiary of Flowers Foods, one of the largest producers of packaged bakery foods in the United States – including such brands as Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, and Tastykake – for using the entire suite of BlackLine solutions to reduce month-end bank reconciliations from up to 15 days in the past to just two days.

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THE CAPITALIZER

Creditsafe

Creditsafe, a multinational provider of business credit reports, achieved an 85 to 95% multi-currency match rate that allowed their AR team to focus on debt collection using clean, accurate, and up-to-date sales ledgers using BlackLine’s unified platform for AR automation.

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THE MODERNIZER

Atlantic Union Bank

While making a seamless transition to remote work, Atlantic Union Bank, a premier financial services provider to the mid-Atlantic region, increased auto-certifications from 41 to 71% and reduced duplicative data entry by hundreds of lines a year.

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THE TRANSFORMER

Global Industrial Manufacturing Company

For the company that brings a special focus to successful change management, transforming F&A operations with a bold vision across people, process and technology, the Transformer award goes to a global industrial manufacturing company for embracing the power of BlackLine to improve a broad range of business processes.

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The Future of Accounting Is Here