A leading sportswear apparel maker and distributor enlisted Veracity to provide implementation, management, and training services to gain greater efficiencies and compliance in their close processes.
01.
The Challenge
The client required assistance and guidance to implement BlackLine’s Account Reconciliations and Task Management products to reduce the number of days it took to close and to establish a foundation to achieve additional improvements.
02.
What We Did
- Implemented Account Reconciliations and Task Management products initially for the centralized Corporate Accounting team
- Leveraged our BlackLine implementation experience, as well as leading and industry practices
- Provided Project Management assistance to establish a program for continuous improvement
- After Corporate implementation was completed, we trained users in Europe as part of a regional rollout
03.
Our Impact
- By replacing manual and Excel-based reconciliations, the client was able to immediately shorten their close cycle by 3 days
- A continuous implementation program was established and adopted where the client was able to reduce additional time and days from their close processes
- In addition to training the European user community on how to use the system, we explained and reinforced the new close processes to ensure on-going saving across regions
