Case Study: NASDAQ achieves automated monthly reconciliations and faster, more accurate financial closes with BlackLine

Streamlining Reconciliations and New Acquisitions for a Global Powerhouse

Nasdaq, a global financial markets and technology company operating in 26 countries, faced mounting complexity as its expansion strained finance and accounting teams. The company relied on manual, spreadsheet‑based reconciliations with inconsistent standards, slow quarterly reviews and growing pressure from internal and external auditors to tighten controls.

Nasdaq implemented BlackLine in a three‑month rollout across U.S. and non‑U.S. offices, automating reconciliations and standardizing processes companywide. The change moved reviews from quarterly to monthly (about 5,000 reconciliations per month), improved accuracy and transparency for staff and auditors, sped onboarding of new acquisitions, and freed finance staff to focus on analytics and exception resolution.

NASDAQ

Mike Galus

Vice President, Finance and Accounting