Case Study: Fresenius Medical Care North America reduces risk and saves time with BlackLine automation

Fresenius Medical Care North America saves hours per close and automates 50% of reconciliations with BlackLine

Fresenius Medical Care North America, a major healthcare provider, faced significant challenges with its decentralized accounting structure. With 17 different offices managing 15 divisions, the company struggled with manual processes, a lack of standardization, and poor visibility, which increased its risk and compliance concerns. To address this, they turned to the BlackLine platform to automate and centralize their financial close processes.

By implementing BlackLine with the help of implementation partner UHY Consulting, Fresenius automated reconciliations and journal entries, creating a centralized and standardized system. The results were substantial, including saving accountants hours of work, auto-certifying 50% of reconciliations, and greatly increasing visibility and control. BlackLine enabled the company to maintain its existing headcount despite rapid growth and increased transaction volume during the COVID-19 pandemic, all while significantly reducing risk and strengthening audit controls.

Fresenius Medical Care North America