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Case Study

 

How Tate & Lyle "Makes Food Extraordinary" with Improved Finance Functions

Specialty Food Ingredients Provider Serves Up Automated Account Reconciliations

by Ken Murphy, Senior Features Editor | insiderPROFILES, Volume 8, Issue 1

December 8, 2016

Three smoothies surrounded by fruit

Tate & Lyle, a global provider of specialty food ingredients and solutions, relied heavily on manual, spreadsheet-based processes to manage its account reconciliations. With locations in the Americas, Europe, the Middle East, and Africa, regional reconciliations were an unwieldy exercise that often tied up the finance team in administrative tasks like hunting down missing signatures or thumbing through files for documentation. The company knew it needed greater visibility throughout the organization and that automation was the key. To achieve this, Tate & Lyle consolidated its regional SAP systems and implemented the Account Reconciliations and Task Management applications by BlackLine. Hear details on how the company:

  • Eliminated manual processes, spreadsheets, and paper-based storage for account reconciliations
  • Enhanced visibility and oversight of month-end close processes
  • Enabled the finance department to focus on value-added activities 
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