Case Study: Sound Community Bank achieves 10x accounting productivity with BlackLine

Sound Community Bank boosts accounting productivity 10x with BlackLine

Sound Community Bank, a financial institution serving the Puget Sound region, faced a rising workload of manual accounting processes as it grew to $1.1 billion in assets. Their challenge was to streamline the financial close for their publicly traded parent company without expanding the size of their accounting team. They had implemented BlackLine's platform in 2019 but were underutilizing its capabilities.

By engaging BlackLine professional services and expanding their use of the platform, the bank automated tedious manual tasks. This solution delivered a 10x productivity gain, saving approximately 76 hours a month on certain reconciliations and reducing the close cycle by several days. The efficiencies allowed the bank to reallocate an accountant to a financial planning role, creating broad organizational impact and increased capacity for value-add activities.

Sound Community Bank