Case Study
Close + Reporting Process Enhancement
Distribution
INDUSTRY
2,800
EMPLOYEES
$500M
ANNUAL REVENUE
Background
We assisted our client in enhancing close process accuracy and timeliness in preparation for evaluating close process automations.
Objective
- Accumulate close process tasking across 7 business units and 8 locations.
- Evaluate task & task owner alignment. Recommend realignment and task consolidation across the business units.
- Proctor 3 close periods during corporate controller turnover cycle.
Solution
- Accumulated 350 close process tasks by owner, business unit, financial statement, and close day.
- Tracked task by task progress during 3 close periods.
- Built tracking and reporting document to create awareness for CFO and finance functions.
Developed a close process task list and enhanced accountability across the accounting organization
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