Case Study: Cinemark achieves faster, more visible close processes with BlackLine

Cinemark saves a full day in close processing with BlackLine

Cinemark, a leader in the motion picture exhibition industry, faced a challenge with its highly manual and paper-based financial close process. The company's accounting teams had limited visibility and were burdened by tracking physical folders across multiple global offices. To address this, Cinemark turned to the vendor BlackLine for its finance automation solutions, specifically seeking to improve its account reconciliations and close task management.

By implementing BlackLine, Cinemark standardized its reconciliation processes across ten global offices, eliminating paper and enabling automation. The results were significant time savings, a reduction in risk, and increased visibility during the close. BlackLine's solution freed staff for more strategic work and enabled seamless business continuity during the pandemic. The company has since reduced its domestic reconciliation accounts from 1,800 to 900, with 40% of those now auto-reconciled.

Cinemark