Finance Transformation - Life Sciences
A leading Life Sciences organisation operating in 90 countries with revenues exceeding $7bn
The Problem
At month end finance were unable to get an early view of the consolidated group numbers. The existing consolidation processes was taking up to 12 hours to complete and there was no visibility on the numbers.
The Solution
Implemented a Financial Close & Consolidation tool to
Automate the Consolidation Process.
Provide Better Visibility into where they were in the Close Cycle.
Automate Reporting & Reporting Packs.
The Benefits
Reduced Consolidation times for 12 hours to 5 minutes.
Streamlined Consolidation Process.
Enhanced Reporting Capabilities.
Faster Insights leading to a quicker Decision Making Process.
Planning for the Future - Port Authority
Dublin Port Company
The Problem
The monthly forecasting and annual budgeting process was slow and cumbersome. It was a highly manual process which took many months to complete and did not have the level of granular detail required for accurate budgeting & forecasting.
The Solution
Implemented a Planning & Budgeting Tool
Automated the Budgeting Process.
Delivered automated 5 year forecasts.
Provided granular visibility through automated reporting.
The Benefits
Reduced the Budgeting Process by 40%.
Streamlined the Budgeting & ForecastingProcess.
Enhanced Reporting Capabilities.
Faster Insights leading to a quicker Decision Making Process.
Automate Transaction Matching - ECommerce Retail Services
A large e-commerce website operating across Europe with over 30m users
The Problem
The finance department were looking for a solution to reconcile the transactions between their ERP and their payment provider. This was a manual task which consumed a lot of time daily and was error prone.
The Solution
Implemented a Transaction Matching Tool
Automated the reconciliation of transactions.
Implemented a number of automated rules to catch reconciliation errors.
Provided reporting on transactional level for reconciliation purposes.
The Benefits
Reduced the reconciliation process by 80%.
Automated & Streamlined the reconciliation process.
Enhanced Reporting Capabilities.
Reduced errors in reconciliation process.
Beyond Implementation: Managed Service
A leading financial services organisation operating in 40 countries with revenues exceeding $1tr
The Problem
The finance department were looking for a managed service provider to provide support for their Oracle EPM stack of products where business critical systems for the month end close along with budgeting & forecasting periods.
The Solution
Provided a full managed service with daily monitoring of applications.
Proactive support with continuous improvements implemented.
SLA's to ensure a quick response and resolution time.
Increased support levels and out of hours support during critical business periods.
The Benefits
User issues resolved in timely manner and within acceptable SLA period.
Reduced cost
Access to a wide pool of expertise.
Elevated support at business critical periods ensured smooth month end close.