Case Study: SiriusXM achieves 99.9% transaction matching accuracy and a faster financial close with BlackLine

SiriusXM matches over 7 million transactions with 99.9% accuracy using BlackLine

SiriusXM, a leading audio entertainment company, faced a significant challenge in reconciling millions of monthly credit card transactions across multiple systems. The high volume made it impossible to manage their order-to-cash process manually. To overcome this, SiriusXM sought an automated solution and selected BlackLine for its cloud-based platform and sophisticated transaction matching capabilities.

Working with BlackLine, SiriusXM implemented an automated solution that matched over 7 million transactions with 99.9% accuracy. The solution from BlackLine also automated journal entries, certification, and significantly simplified the financial close process. This dramatically improved the finance department's efficiency and achieved a payback period of 1.7 years for SiriusXM.

SiriusXM