May 19, 2024


Studying business science

BlackLine Delivers 379% ROI for Red Wing Shoe Organization, Inc.

BOSTON–(Business enterprise WIRE)–Nucleus Research, a world-wide provider of ROI-focused technological innovation investigation and advisory products and services, today revealed a case examine displaying BlackLine, Inc. (Nasdaq: BL), a primary company of cloud application that automates and controls the full financial close system, shipped 379% ROI for its consumer Pink Wing Shoe Enterprise, Inc., with payback in 4.8 months.

Nucleus observed that right after deploying BlackLine’s Duties, Reconciliation, Journal Entry, and Transaction Matching solutions to streamline its finance and accounting procedures, Pink Wing Shoe Company’s company finance, retail finance, and accounting groups realized substantial productiveness gains, with financial savings valued at more than $1.2M each 12 months.

Pink Wing Shoe Company, Inc. is a top quality high-quality function and basic safety footwear brand name. Started in 1905, the American company manufactures and retails its footwear, and operates its tannery together with two domestic producing services. Red Wing Shoe Enterprise presently distributes its products to about 100 nations and about 4,000 U.S. retail locations, which includes organization-owned, seller-owned, and branded merchants.

“Crimson Wing Shoe Company’s legacy accounting technique lacked standardization and controls and as the company grew, taking care of the fiscal processes turned ever more inefficient and laborious,” claimed Isaac Gould, analyst at Nucleus and author of the report. “BlackLine enabled Pink Wing Shoe Enterprise to realize organizational visibility by unifying all its finance and accounting processes and information in a single place, as nicely as carry out standardization and controls about its workflows.”

Vital positive aspects highlighted in the scenario examine involve:

  • Elevated efficiency from diminished workloads. BlackLine’s Account Reconciliations permits accountants to reduce the amount of reconciliations by developing account and charge heart combination groupings. Red Wing Shoe Organization lessened the quantity of monthly account reconciliations by more than 7,000.
  • Time personal savings from streamlined jobs. With BlackLine’s platform, Pink Wing Shoe Corporation has developed standardized workflows to aid and automate its finance and accounting processes, preserving staff, administrators, and administrators a whole of 1,500 hours every calendar year, which they can dedicate to other worth-including duties.
  • Enhanced organizational visibility. By unifying its finance and accounting details less than BlackLine’s platform, Red Wing Shoe Company’s staff now have entry to a central repository for all fiscal shut routines.

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About Nucleus Investigate

Nucleus Exploration is a international supplier of investigative, case-based mostly engineering investigate and advisory companies. The company’s ROI-targeted research approach presents special perception into the genuine benefits technologies options produce, letting companies to reduce by means of promoting buzz to fully grasp authentic operational price and select or renew the finest engineering remedy for their surroundings. For additional details, visit