Case Study: Treasury Wine Estates achieves faster finance processes and greater efficiency with BlackLine

Treasury Wine Estates cuts reconciliation prep time by 50% with BlackLine

Treasury Wine Estates, a major global premium wine company, sought to enhance efficiency and capacity in its finance and accounting operations. Having used BlackLine for account reconciliations and journal entries since 2016, the company expanded its financial transformation by implementing BlackLine Transaction Matching in 2023 to achieve advanced end-to-end automation.

The solution by BlackLine, implemented with minimal IT involvement, streamlined processes like account and bank reconciliations. This deployment reduced monthly reconciliation preparation time by 50% and journal entry management by 20%. BlackLine's technology accelerated information delivery for decision-making and freed team members from manual work for more strategic tasks.

Treasury Wine Estates