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Improve Decision Making & Financials

Midsize Global Manufacturer need a new global finance & BI system to improve decision making and financials for a potential sale in the near future


Challenge

Merged company needed to migrate from disparate legacy systems to common platform
Lacked integrated/consolidated view to support reporting
Currently takes 8 days to close books for month end reporting
Needed to understand gaps in current financial reporting and analytical capabilities
Lacked self-service reporting capabilities for 30 business users in finance, HR and management
Multiple versions of the truth existed and it was essential to reduce time taken to produce management reports by 50%
 

Services Included

System evaluation & selection (Host Analytics, Microsoft ERP, Oracle Financials)
Change management & Governance Leadership
Project Assurance

 

Solution & Delivery

Integrated offshore provider at competitive prices
Built reference data maintenance to allow management of legacy customer and reference data
Developed custom dynamic reports to mimic legacy reporting by combining data from multiple sources
Reviewed information model, data infrastructure, source systems, governance, and overall data management processes
Standardised key master data and rationalised financial reports.

Impact

Delivered a global and consistent finance process across 4 countries with a 3 day close
Streamlined reporting process and provided a holistic view of the business.
Reduced reporting cycle time and leveraged interim solution to define requirements for long-term BI platform solution.
Completed field definition and documentation, report inventory, and verification.
 
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