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.
