Case Study: MeadWestvaco achieves 495% ROI and faster, automated account reconciliations with BlackLine Systems

MeadWestvaco Realizes 495% ROI With Blackline

MeadWestvaco, a Richmond, VA–based packaging manufacturer with roughly 24,000 employees, was managing about 20,000 North America accounts with a centralized SAP finance team. Its reconciliation process was largely paper-based, slow, error-prone and fragmented across systems; earlier in‑house and third‑party attempts failed to provide reliable reporting and at times suffered data loss, slowing closes and complicating audits and compliance.

MeadWestvaco deployed BlackLine Systems’ Account Reconciliation module (hosted) to automate reconciliations and provide real‑time dashboards. BlackLine auto‑certified roughly 63% of accounts, cut average reconciliation time to about five minutes (saving ~3 minutes each), reduced paper and IT/license costs, sped audits and reporting, and produced a 495% ROI with roughly a two‑month payback and a three‑year NPV of about $181,425.

MeadWestvaco