Case Study: a global retailer accelerates financial close and automates reconciliations with Clearsulting and BlackLine

Global Retailer automates over 40% of reconciliations with Clearsulting

A global retailer faced significant challenges with its manual and unstandardized financial reconciliation processes, which spanned five separate SAP instances, multiple charts of accounts, and two shared service centers. This was further complicated by a major ongoing transformation project. The company engaged Clearsulting to help automate and improve these processes using the BlackLine solution.

Clearsulting began by performing a thorough assessment to align on goals and secure stakeholder buy-in. The team then optimized, standardized, and automated critical record-to-report workstreams, provided guidance on standardizing policies, and increased efficiency with automated system integrations for the General Ledger and subledgers. As a result, Clearsulting helped the retailer achieve significant time savings, accelerate its financial close cycle, and automate over 40% of its reconciliations, providing clear visibility into process performance.