Process Automation – Automated Financial Period Close

Client

A US based Manufacturer and Marketer of Consumer and Professional Products

Client Challenge

Finance Close is a Business Critical & Repetitive process but still most taxing, Time Consuming and error-prone activity.

More Manual efforts and Crosschecking required in-order to

• Execute jobs within workflow
• Monitoring of job
• Validation of completeness of cost center values
• Updating / Reporting the status

Desperately looking for a solution to streamline activities, reduce overall time to perform, eliminate unnecessary latency etc.

 Solution

Automated Financial Period Close for Month / Quarter / Year End Processes

Automate the overall Closure process with.

• Atomic UI to provide complete view (Jobs, Workflows, Logs etc.)
• Creation of Jobs as per Work plan
• Automated Workflow scheduling
• Rule based Calendars to automatically sync-up with planned workdays, non-working days etc.
• Execution of job on certain conditions/ Approvals/ checks
• Automated Plan / Status Updates

Business Benefits

1. Reduction in manual efforts by ~70%
2. Time Saving by ~60%
3. Near Zero Errors due to reduced Manual dependence
4. Automation ensures good control over the overall Process