Case Study: Toga Group achieves automated reconciliations and faster financial close with BlackLine

Toga Group auto-reconciles 58% of accounts with BlackLine

Toga Group, a leading developer and hotel operator, faced a significant challenge as it entered a rapid growth phase. Its manual, spreadsheet-based reconciliation processes could not scale, overwhelming a small finance team and slowing operations. To address this, Toga turned to BlackLine and implemented its Reconciliation Management solution from the BlackLine Finance Controls & Automation Platform.

The BlackLine solution automated a majority of the work, auto-reconciling 58% of accounts and over 95% of bank transactions. This eliminated manual reconciliations, allowed the same three-person team to handle double the volume, and dramatically reduced errors, which increased internal customer satisfaction. BlackLine also enabled the introduction of account rules, embedded system alerts, and provided remote access for external auditors.

Toga Group