Case Study: Ultimate Finance achieves 75% automated cash application with BlackLine Cash Application

Applying 75% of Cash Automatically

Ultimate Finance, a UK funding partner for businesses backed by the Tavistock Group, was growing quickly but hampered by a manual cash application process. A team of six spent much of the day manually reviewing incoming payments instead of analysing trends, slowing cash availability and limiting visibility across accounts receivable.

Implementing BlackLine Cash Application (following BlackLine’s acquisition of Rimilia) introduced intelligent automation that applied 75% of cash without manual intervention and achieved an 85% combined auto-match rate. All cash was applied within five hours, over 275,000 payments were processed in 12 months, and the team was reduced to four—freeing staff for value-added work, improving customer experience and fund availability, and providing data-driven insights for workload, training and performance improvements.

Ultimate Finance