Case Study: Creditsafe streamlines cash allocation and improves visibility with BlackLine

Creditsafe cuts cash allocation processing from a full day to 90 minutes with BlackLine

Creditsafe, a global credit risk intelligence provider, faced a substantial operational challenge as its rapid global expansion increased its accounts receivable workload. Relying on manual processes in spreadsheets and legacy ERP systems, the company needed to digitally transform and streamline its order-to-cash and collections processes across 14 different countries. This led them to partner with BlackLine for its financial automation solutions.

By implementing BlackLine, Creditsafe automated and streamlined its cash allocation and collections. The BlackLine solution provided the flexibility to accommodate different payment cultures across countries, gave real-time visibility into payments and workflows, and automated reporting. Results included reducing payment processing time from a full day to under 90 minutes and cutting report generation from several days to less than one, while also enabling more accurate cash flow predictions and helping the team hit collection targets faster.

Creditsafe