Case Study: sPower reduces financial close from 15 days to 5 with BlackLine

sPower reduces financial close from 15 days to 5 with BlackLine

sPower, an AES and AIMCo company and the largest private owner of operating solar assets in the United States, faced challenges scaling its accounting processes. Their financial close took 15 days and required significant manual work, including reconciling hundreds of bank accounts. To enable growth, they sought a cloud-based platform for automation and chose BlackLine for its Account Reconciliations, Task Management, Transaction Matching, and Journal Entry solutions.

By implementing BlackLine, sPower centralized and automated its close processes, moving away from spreadsheets. The results were immediate and significant: the financial close was reduced by 66%, from 15 days down to just 5 days, while also eliminating close-related overtime. BlackLine increased efficiency, reduced errors, provided real-time data visibility, and enabled greater business continuity through standardized workflows.

sPower