Case Study: PenFed Credit Union saves 95 hours per month with BlackLine

PenFed Credit Union saves 95 hours a month with BlackLine

PenFed Credit Union, a large federal credit union, faced challenges due to manual accounting processes that lacked standardization, increasing risk and causing errors. The vendor BlackLine was selected to help digitize and standardize their reconciliations.

Implementing BlackLine's software, including its Transaction Matching service, allowed PenFed to create a consistent process. The results were significant, saving 95 hours per month and enabling a 28% reduction in the accounting department staff while increasing strategic work and strengthening business partnerships through better data insights. BlackLine made this increased efficiency possible.