Case Study: Lexmark achieves more efficient, centralized financial close with BlackLine

Lexmark streamlines global close and journal entries with BlackLine

Lexmark, a global imaging and IoT solutions leader, faced challenges with outdated and inefficient financial processes. Their home-grown account reconciliation tool was unable to support their global structure and reporting needs as they prepared for an upgrade to SAP S/4HANA. They partnered with BlackLine to implement its Journal Entry, Account Reconciliation, and Task Management solutions to gain automation, improve data accuracy, and streamline their record-to-report process.

By implementing BlackLine's solutions, which integrated seamlessly with SAP, Lexmark centralized and automated its financial processes. The results included a reduced need for manual effort in creating journal entries and performing reconciliations, freeing up time for higher-value analysis. BlackLine provided superior visibility, round-the-clock collaboration across time zones, and a more efficient close process, which also made the subsequent transition to SAP S/4HANA smoother and less complex.

Lexmark