Case Study: Red Wing Shoe Company achieves major productivity gains with BlackLine

Red Wing Shoe Company saves over $1.2M a year with BlackLine

Red Wing Shoe Company, a premium footwear brand, faced significant challenges with its manual accounting processes, which relied on spreadsheets and email. This inefficient system lacked standardization and controls, leading to poor visibility, high audit risk, and an overwhelming workload for its understaffed finance team. To modernize its operations, the company selected BlackLine's financial close and consolidation software.

By implementing BlackLine's comprehensive platform, Red Wing consolidated its financial data and automated key processes like account reconciliations and journal entries. This solution delivered substantial results, including a reduction of over 7,000 monthly reconciliations and time savings valued at over $1.2 million annually. BlackLine enabled the company to shorten its cash reconciliation process from 40 days to just 4 and achieve a 379% return on investment.

Red Wing Shoe Company