Close & Reporting Process Enhancement
VIP SOLUTIONS CASE STUDY
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.
OBJECTIVES
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.
SOLUTIONS
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
