Case Study: Aviva Canada reduces manual reconciliation work with BlackLine

Aviva auto-certifies 66% of reconciliations with BlackLine

Aviva Canada, a leading property and casualty insurer, faced a highly manual and costly account reconciliation process. It required 50 staff members to manually reconcile over 1,800 GL accounts across multiple entities each month. Seeking to streamline operations and gain visibility, they partnered with BlackLine for its automated account reconciliation and financial close solutions.

By implementing BlackLine, Aviva Canada auto-certified 66% of its reconciliations, greatly reducing manual labor. This created over $9,000 in savings in 2014 with much larger projected future savings. The solution provided a central repository for all reconciliations, improving visibility and customer service, and freed the finance team to focus on value-added analysis instead of data entry.

Aviva