Case Study: Drexel University improves account reconciliation efficiency with BlackLine

Drexel University boosts reconciliations 24% with BlackLine

Drexel University, a large private research institution, faced challenges managing the growing complexity and scrutiny of its accounting tasks, particularly a persistent backlog of manual account reconciliations for approximately 400 balance sheet accounts. This prompted them to look for a financial close solution, leading them to partner with vendor BlackLine and implement its Task Management and Account Reconciliations products.

By implementing BlackLine's solutions, Drexel created a centralized "one-stop shop" that automated processes and removed the risk of manual errors. The results were significant, with the university completing 24% more reconciliations and increasing its account reconciliation completion rate from 74% to 92%. BlackLine provided increased efficiency, auto-certification of accounts to save time, and ultimately positioned Drexel to be in a better place for its external year-end audit.

Drexel University