Case Study: UGI Utilities achieves finance process efficiency and tighter SOX controls with BlackLine

UGI Utilities centralizes finance with BlackLine across 3 business units

UGI Utilities, a natural gas and electric utility, sought to centralize and standardize its financial close processes across multiple subsidiaries to improve efficiency, strengthen controls, and reduce costs. Their challenge involved merging four separate accounting functions and ensuring robust Sarbanes-Oxley (SOX) compliance. To address this, they partnered with vendor BlackLine, implementing its cloud-based platform for financial close task management, balance sheet substantiation, and audit facilitation.

The solution from BlackLine unified three separate instances into a single platform, creating a centralized service center. This provided process standardization, automated the flow of account balances from SAP ERP, and delivered intuitive controls for SOX compliance. The results included significant efficiencies from automated processing, a streamlined self-service reconciliation process, elevated cross-business collaboration, and smoother IT support, all contributing to cost savings and a stable, agile financial operation during their transformation.

UGI Utilities