Case Study: MedComp Sciences achieves 50% finance productivity gain and 5x faster monthly close with BlackLine

MedComp Sciences Boosts Finance Productivity by 50 Percent & Accelerates Close Cycles by 5x

MedComp Sciences, a Louisiana-based provider of toxicology, DNA and pharmacogenetic testing operating in 23 states, struggled with manual, Excel-based accounting that left the finance team overstretched and blind to daily results. Monthly closes dragged as long as 30 days, reconciliations took a full week across hundreds of accounts, and the company lacked timely financial visibility to support decisions.

By deploying BlackLine Account Reconciliations and Task Management alongside Sage Intacct (self-implemented in 2016), MedComp cut its monthly close to five–six days (about 5x faster), reduced reconciliation time from a week to two days, and gained daily financial insights in a paperless environment. The improvements boosted finance productivity by 50%, eliminated one FTE (shrinking the team from six to three), and shortened annual audits by two to three weeks.

MedComp Sciences

Lee Lambert

Director of Finance and Treasurer