Case Study: Philips achieves faster, near-error-free month-end closes and continuous accounting with BlackLine Smart Close

Philips - Customer Case Study

Philips Medical Systems, a global healthcare and electronics business, was struggling with a manual, Excel-based month-end close that took more than a week, generated errors, and lacked reliable evidence, visibility, ownership, and internal-control documentation across functions and company codes.

Within three months they rolled out Smart Close, adopting a centralized dashboard and process repository that enabled continuous accounting, clear task ownership, faster monitoring and follow-up, and easy, IT-independent process changes—cutting errors and close time, preventing bottlenecks, and delivering rapid, sustained ROI.

Philips

Rob Segers

Assistant Controller