How Imperial College London Gained Balance Sheet Control

As a world top-10 university with an international reputation for excellence in teaching and research, Imperial College London focuses on the four main disciplines of science, engineering, medicine, and business. In the 2018-2019 financial year, the College had over £1.07 billion in revenue, £1.58 billion in net assets, and was home to more than 8,000 staff and 19,000 students from across 132 countries. In early 2019, the accounting team at Imperial College, in an effort to move away from manual Excel-based processes, improve management oversight of their reconciliation process, and develop a risk-based approach to managing account reconciliation activities, began their account reconciliation automation journey with BlackLine. Join this webinar to hear from Peter Edwards, senior management information accountant, and Ewa Scynkowska, head of financial accounting at Imperial College to discover the three-step process Imperial College undertook to develop and apply a control framework to improve existing processes; ways the team delivered consistent and effective communication with stakeholders across the College’s many operating sites to ensure a smooth technology rollout; and how the team has been able to change the control culture across the College as their control framework has matured.