The Lewis Group of Companies, established in 1955, is one of the nation’s largest privately held real estate development companies. The organization develops mixed-use planned communities and residential subdivisions in Southern California, Northern California and Nevada. It also develops and owns rental communities, retail shopping centers and office and industrial parks. To date it has built 58,000 homes, developed 24,000,000 square feet of retail, office and industrial space and 35,000 acres of land. The organization owns and manages 11,500 apartments.

Challenge

Reduce the amount of time for reconciling nearly 500 bank reconciliations every month

Solution

BlackLine

Benefits

• Reallocate one of two FTEs dedicated to managing monthly bank reconciliations
• Streamline bank reconciliations, balance sheet reconciliations and tasks associated with the monthly close process
• Have an easily found, single system of record for all reconciliations and related documents
• Ensure that the general ledger ending balance ties to the reconciliation