Case Study: Barrett Steel reduces cash application effort by 93% with BlackLine

Barrett Steel reduces cash application effort by 93% with BlackLine

Barrett Steel, the UK's largest steel stockholder, faced significant challenges with its manual cash application process due to rapid growth across its 40 depots. The primarily manual work was time-consuming, taking credit controllers up to two hours per day, and prevented them from focusing on more valuable collections activities. Seeking to centralize and standardize its operations, the company turned to BlackLine for an accounts receivable automation solution.

By implementing BlackLine, Barrett Steel automated its cash application process, which integrated with its existing ERP system. The results were substantial: the effort required for cash application was reduced by 93%, freeing 14 staff members to focus solely on debt collection and other value-added work. The solution also increased accuracy, reduced the likelihood of staff turnover, and provided a competitive advantage in recruiting accounting talent by eliminating undesirable manual tasks.

Barrett Steel