US FASTER CLOSE PROJECT
How to Accelerate Month-End Close Cycle
THE CHALLENGE
The client's US division is continually struggling to meet deadlines for Corporate Financial Analysis and Reporting
WHY
- Financial Analysis and Reporting takes up valuable time and Resources (Manual)
- Number of complex transactions to process. e.g.
▪ Revenue files files typically received on WD1 and processed WD2
▪ Manual and Recurring Journals
- Subledger Close is time consuming
Project
US Faster Close
Client
Global Fintech Company
THE SOLUTION
Charter Scope
Phase 1
Automate Core Manual Process
- Receive and process month-end revenue & expense files WD1
- Automation rules determine revenue & expense journals
- Accounting team review automation report and post
Phase 2
Streamline Reporting with SplashBi & SplashGL
- Convert Financial Package to Excel workbooks (Click & refresh)
- Provide better drill through analysis to Oracle
- Repurpose time for value-add analysis instead of attaining information
THE RESULTS
