Case Study: Liverpool Victoria achieves stronger internal controls and faster reconciliations with BlackLine

Liverpool Victoria goes live with BlackLine in 5 weeks to strengthen controls and save time

Liverpool Victoria (LV), a major UK insurer, faced challenges with its manual, spreadsheet-based reconciliation process which lacked controls and visibility due to company growth. Their subsequent in-house solution was slow and unreliable. This led LV to seek a new reconciliation solution from BlackLine to strengthen internal controls and save staff time.

By implementing BlackLine, LV automated thousands of reconciliations, which saved significant time and freed managers to focus on analysis instead of manual processes. The solution provided strengthened internal controls with end-to-end visibility and streamlined audits by storing all documentation centrally. BlackLine enabled a rapid five-week implementation, and the company's auditors responded very positively to the new system.

Liverpool Victoria