Case Study: Haven Savings Bank saves 900 hours per month with BlackLine

Haven Savings Bank saves 900 hours a month with BlackLine

Haven Savings Bank was relying on a highly manual and outdated process for its financial close, using printed reports and Excel spreadsheets for reconciliations. This time-consuming method lacked visibility and coordination between groups, with some daily reconciliations taking nearly an hour to complete. To address this challenge, the bank turned to BlackLine for its account reconciliation and automation solutions.

By implementing BlackLine, Haven Savings Bank standardized and automated its reconciliation process. The solution from BlackLine saved the bank 900 hours every month on a single account alone and enabled the on-time completion of 99% of reconciliations. The automation of repetitive manual work freed staff to focus on more strategic, value-added activities and significantly improved both efficiency and morale.

Haven Savings Bank