Improvement opportunities for the month-end process

2 Finance Consultants, 1 Business analyst

Recommendations

for extensive use of ERP layer to strengthen data accuracy

Drastic shortening

of closing cycle time

Higher efficiency

through process optimizations

CHALLENGES

The client required assistance in identifying improvement opportunities for their month-end process.

The main objectives were :

to reduce the number of days to close the books for an earlier visibility on financials,
to reduce non-value added activities,
to improve data accuracy,
to optimize the use of available systems, and implement a strong governance framework

SOLUTION

The client asked Solution BI to diagnose their "record to report" process and make recommendations to help them achieve their objectives
We acted as advisors and analysts
We were able to successfully analyze the current state and provide a roadmap with various improvement projects that will allow CCM hockey to attain their target state

BENEFITS

Shortened month-end cycle time
Opportunities raised to strengthen controls in Epicor (retail sector oriented ERP)
Recommendations to leverage additional modules in Epicor to ensure data accuracy and reduce manual tasks
Provided governance structure that clearly defines roles and responsibilities in the finance department