BLACKLINE FOR UTILITIES
Delivering sustainable processes and elevating the role of Accounting
Utility companies are challenged to manage costs while leading the transition to sustainable transmission and distribution of clean energy.
Accounting teams at utility companies must also adapt. Modern accounting technology helps Accounting save time, reduce risk, and create capacity to support their organizations’ strategic vision.
See why leading companies like First Solar, Aegion Corporation, and Alliant Energy choose BlackLine for financial close automation, visibility, and control.
Modern accounting use cases for utility companies
Enable a collaborative virtual close with seamless, real-time reporting
Centralize and standardize distributed close tasks, controls, and journal entries
Automate account reconciliations and transaction matching
BlackLine is the Leader in G2’s Financial Close Software Grid
See how utility companies are unlocking capacity in Accounting
“We thought it was a great opportunity to address not just reconciliations but other routine tasks. BlackLine enabled us to organize data, move away from Excel, and eliminate a lot of manual work.
A supplier of natural gas, electricity, and propane reduced its close time by 35% with BlackLine.
BlackLine increases employee productivity often by over 10 FTEs.
When our close was paper-driven, I was used to going home and seeing my team working late, at wits end. Two cycles after implementing BlackLine, I was leaving one night, and they were looking too relaxed. I said, ‘It’s the middle of close.’ They said, ‘Everything’s all under control, I know where everything is.’ I take that as a real success when they’re that calm during our close.”
CFO, Energy Company
The value of accounting automation
66%
shorter close time
95%
of transactions automatically matched
3-4 Days
saved every month
BlackLine returns $2.77 for every dollar spent
Additional Resources
BlackLine for Energy & Utilities
See how technology delivers a sustainable approach with automation, visibility, and assurance surrounding the financial close.
How Modern Accounting Can Help Utilities Optimize Their Financial Close
Hear how customer NextEra Energy is harnessing the power of BlackLine and SAP to improve processes and save time.
Finance Technology: A New Landscape for a Digital World
Discover why 70% of CEOs say technology will have the greatest effect on the future role of the CFO.