Case Study: Covestro achieves streamlined financial close and increased productivity with BlackLine Smart Close

Streamlining Financial Close Processes at Covestro

Covestro, a global leader in high-performance polymer materials and independent since 2015, faced inefficient, manual financial close processes across multiple countries. Accountants relied on Excel to open accounts, start jobs and track statuses, causing overtime, delays and inconsistent productivity.

Covestro implemented BlackLine’s Smart Close embedded in SAP to centralize workflows, enable job scheduling and support Continuous Accounting. The solution automated off-peak processing (product costing, asset management), provided real-time visibility and ownership across 106 scenarios, and delivered faster closes, fewer manual tasks, stronger controls and higher productivity.

Covestro

Jane Clark

Digital Transformation Partner