Case Study: The Coca-Cola Company boosts reconciliation efficiency with BlackLine

The Coca-Cola Company reduces reconciliation workload by 55% with BlackLine

The Coca-Cola Company, a global beverage leader, faced significant challenges in standardizing its financial reconciliation processes across numerous regions. With over 800 employees spending 14,000 hours monthly on manual reconciliations using disparate systems, the company lacked global visibility and consistent controls. To address these audit concerns and support its growth strategy, the company sought a cloud-based solution and partnered with BlackLine for its reconciliation software.

By implementing BlackLine's platform, The Coca-Cola Company drove global standardization and automated key processes. The results were substantial: a 55% reduction in employees involved in reconciliations and annual savings of $0.6 million from increased productivity. BlackLine provided enhanced controls, real-time global transparency via dashboards, and improved client satisfaction by streamlining reporting. The solution successfully reassigned staff to higher-value analysis work.

The Coca-Cola Company