Case Study: DOW accelerates financial close with BlackLine

DOW auto-certifies 60% of accounts with BlackLine

Dow, a global chemical company, faced significant challenges in its financial close process due to its manual account reconciliation system. This was exacerbated by a major acquisition and a global SAP ERP upgrade. The lack of standardization, with teams using unique spreadsheets and storing documents in various locations, made it difficult for managers to verify reconciliations and created a process prone to errors. Seeking to automate this process, the company turned to vendor BlackLine and its Financial Close Suite for SAP Solutions.

By implementing BlackLine's solution, Dow was able to auto-certify over 50% of its key accounts immediately, drastically reducing manual workloads. The cloud-based platform provided improved transparency, auditability, and enhanced finance controls by creating a central repository for all reconciliations and supporting documents. The measurable impact included significant time savings, which allowed accounting teams to shift their focus to more value-added activities like analysis and supporting the SAP implementation.

DOW