February 8, 2021
CHALLENGE
A consumer product organization was challenged in managing its day-to-day finance operations in a standard way and was consumed by exception transactions that were magnified at each period–end close. As a public entity complying with law and regulation matters, the company lacked a support, process centric, and role-based policy to help drive operational and controls excellence.
APPROACH
- Zeevo Group assessed the current state processes and environment, interviewed key process owners and stakeholders, as well as identified governance and process issues and conducted root cause analysis
- Reviewed existing finance procedures and identified potential outdated and missing policies and procedures, as well as developed a future state vision
- Identified improvement opportunities and preliminary process efficiencies
OUTCOME
- The client significantly improved operational and control processes as a result of this initiative, reducing errors and exceptions handled and reducing the time to close each period-end
- Zeevo Group was chosen as the client’s trusted advisor for reviewing other business functions to identify business process efficiencies and develop harmonized, synchronized and rationalized policies and procedures
ZEEVO’S VALUE ADD
- Effectively leveraged prior system implementation experience to provide relevant guidance and insights specifically relevant to the data migration project
- Clear project framework established with clear roles and responsibilities outlined
- All governance risks clearly outlined and addressed in advance of migration activities
- Routine testing of controls to ensure ongoing SOX 404 compliance
- Production of routine management reports to maintain stakeholder oversight
- Customized training provided to all relevant parties to minimize the impact on day-to-day business performance following implementation of the ERP system
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LET’S TALK
Sophie McAuley
Mobile: +1 334 373 4611
smcauley@zeevogroup.com