Streamlined Financial Processes

Client

A US-based world leader in consumer goods, ofering a wide range of personal health/consumer health, personal care, and hygiene products across 65+ brands

Key Challenges

• Inaccurate forecasting
• Lengthy financial closing cycles
• Robust finance data and analytics platform

Tools and Accelerators Used 

Biz Rules Framework | Data Exploder | Advanced aDSO Activation

Our Solution

• Developed a business case and reimagined 14 processes.
• Created a prototype for solution adoption and month-end allocations.
• Built core finance solution and rollout.
• Connected 13 SAP instances to CFIN and developed 42 solutions to accelerate and simplify CFIN processes.
• Conducted multiple technical upgrades (from 1511 to 1610, 1610 to 1709, and 1709 to 2021).

Business Benefits

• 30% savings in infrastructure and operational cost.
• Accelerated month-end close from 11 days to 6 days.
• Implemented a global forecasting solution, increasing forecasting accuracy from 72% to 90% for 200+ business unit/ corporate forecasters.