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Tyro’s quest to automate month-end close with Blackline Reconciliation

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Six months after Tyro implemented Blackline software, Casper Deman, Tyro’s Finance Project lead, joins Octane’s Amendra Pratap, for a fireside chat to discuss life after Blackline. Let’s dive into the learnings from Caspar Deman while implementing Blackline Software in a high-growth organisation like Tyro. Download the full case study at the end of this article. Q. Why don't you give us a quick introduction to your interactions with Blackline Reconciliation? Casper: "I worked at News Corp for eight years. My last role at News Corp for the last probably a year and a half was heading up the ...

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Four tips for companies adopting Blackline Reconciliation

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Caspar Deman, Tyro’s Finance Project Lead, shares his top four tips when considering Blackline Reconciliation. Caspar offers practical advice for Financial Controllers and Financial Accountants, looking to make financial transformation in their organisations. Caspar advises companies adopting Blackline to think about the following: Get rid of error-prone manual consolidations Make it scalable (as early on as possible) Be ready for one-off integration challenges Manage expectations and timeline Download the full case study at the end of this article. 1. Get rid of error-prone manual ...

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Why an Australian fintech company adopted Blackline Reconciliation

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120 balance sheet reconciliations, stacks of spreadsheets, and lots of emails – month-end for Tyro Payments was a nightmare. That was until this fintech organisation adopted Blackline Reconciliation. In FY21 more than $25.5 billion in transactions were processed with Tyro, accounting for 24% of transaction volume Compound Annual Growth Rate. Considered the fifth largest payment processor with 600 employees, it only has about 18 people on the finance team. The rapid growth brought increased complexity, risk, and cost in their financial close and reporting processes. So naturally, the team was ...

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