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Case Study

Evonik Industries: Leading beyond chemistry to improve life, today and tomorrow

Evonik Industries: Leading beyond chemistry to improve life, today and tomorrow

Evonik Industries: Leading beyond chemistry to improve life, today and tomorrow

SAP
Pages 2 Pages

This customer story details Evonik Industries AG, a leading global specialty chemicals company. Evonik faced challenges with manual accounting processes, particularly those relying on Microsoft Excel spreadsheets, and fragmented data sources, which escalated financial reporting risk and hindered global efficiency. To address this, Evonik sought to digitalize and automate its financial closing processes. The document highlights their successful implementation of SAP Account Substantiation and Automation by BlackLine, including journal entry and transaction matching options. This solution enabled Evonik to standardize accounting processes globally, centralize information, enhance data quality, and achieve more accurate financial results, facilitating a global rollout for 700 users and signif

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