Case Study: Northern Oil and Gas achieves a faster, more automated close with BlackLine

Northern Oil and Gas automates 100% of bank recs with BlackLine

Northern Oil and Gas (NOG), a midsize energy company, faced significant accounting challenges after a period of rapid growth. Its lean team struggled with a manual, Excel-based financial close process that stretched up to 25 days, creating bottlenecks and compliance risks for the publicly-traded company. To address this, NOG implemented BlackLine's unified platform for financial close management.

By deploying a full suite of BlackLine solutions, including Account Reconciliations and Financial Reporting Analytics, NOG automated its most cumbersome processes. The results were transformative: bank reconciliations became 100% automated, and the preparation of a complex statement of cash flows was reduced from two days to being 95% automated. BlackLine provided increased efficiency for its small team, enhanced SOX compliance controls, and created a foundation for future innovation and real-time financial reporting.