Case Study: Lucid achieves stronger financial controls and greater accounting efficiency with BlackLine

Eliminating a Control Deficiency & Reducing Risk

Lucid, a BlackLine customer, was dealing with a significant control deficiency and a largely manual close process that made reconciliations inconsistent, roles unclear, and audit support hard to find. With a global team and overseas workers unfamiliar with local processes, Lucid needed a more standardized way to manage balance sheet reconciliations and improve financial control.

BlackLine implemented its reconciliation and accounting automation platform to create a systematic control across the accounting department, including automated data imports from SAP S/4HANA into BlackLine. The result was standardized, accurate reconciliations, clearer ownership of tasks, reduced risk of errors, and easier audit documentation access. BlackLine also helped Lucid uncover inconsistencies in foreign exchange transactions, allowing the company to fix SAP configuration issues and strengthen the accuracy of its financial statements.

Lucid

Gilman Tsang

Accounting Manager