Case Study: SiriusXM achieves 50% journal automation and 99.9% matching accuracy with BlackLine

Leveraging BlackLine’s cross-product Functionality and Improving Financial Close Efficiency

SiriusXM, a leading audio entertainment company with more than 30 million subscribers, faced a month‑end accounting bottleneck: millions of credit‑card transactions across multiple systems made order‑to‑cash reconciliation manual, slow, and error‑prone. The finance team needed an automated, cloud‑based solution that could handle high transaction volumes and integrate across close processes.

SiriusXM selected BlackLine’s cloud platform and deployed Matching (an 18‑month build) alongside out‑of‑the‑box Account Reconciliations, Tasks, and Journals to enable continuous accounting. The system matched over 7 million transactions at 99.9% accuracy, automated about 50% of journal entries (with another ~20% expected), enabled rule‑based certification of low‑risk items, and sped the financial close. The project delivered a 95% ROI with a 1.7‑year payback, reduced manual review and error risk, and produced growing net benefits over three years.

SiriusXM