- Defective forecasting and budgeting
- Gaps in its month-end close process and close calendar
- Issues in consolidation of accounts for multiple BUs
- Delays in regulatory submission, restatements & increased costs
- Process re-engineering to standardized the Record to Report process and reduced complexity across multiple BUs
- Automation reduced manual errors, delivered faster reconciliations, transaction matching and close management
- Enhanced governance structure to outline clear accountability and better visibility
- Reduced cycle time for month-end closure and reconciliations from 8 to 5 working days.
- Better visibility into the R2R cycle and associated processes to improve risk management, reporting and compliance.