Case Study: Resimac achieves 100% on-time reconciliations with BlackLine

Resimac achieves 100% on-time reconciliations with BlackLine

Resimac, a non-bank lender in Australia and New Zealand, faced significant challenges with its manual reconciliation process across 88 entities. The heavy workload and reliance on spreadsheets posed a risk to the integrity of its balance sheet and prevented the accounting team from focusing on strategic business partnering. Resimac chose to implement BlackLine's cloud-based financial controls and automation platform to streamline its month-end close and support its digital transformation.

By implementing BlackLine, Resimac automated its financial processes, achieving 100% on-time reconciliations. The solution auto-matched 70% of transactions and provided critical visibility into variances, which decreased risk and helped clean up legacy accounts. This increased the integrity of the balance sheet and even enabled an on-time audit while staff worked remotely during a lockdown. BlackLine was a key factor in accelerating Resimac's overall digital transformation journey.

Resimac