Month-End Close Acceleration

Financial Operations

01 Dec, 2023

Accounting

Controlling

Finance

FinTech

Reporting

Automation

Market

Global

SERVICE LINE

Financial Operations

IMPLEMENTATION PERIOD

2022

KEYWORDS

Accounting, Reporting, and Controlling, Automated Processes

SPIRIT BEHAVIOURS

Create the Future

We have an uncompromising commitment to deliver data promptly to ensure our business success and enable better decision-machining.

Challenges and Solutions

Challenges

We needed our financial statements as early as possible to review and assess information to identify blockers and enable strategic decision-making.

Solutions

We streamlined a new process tool and eliminated unnecessary activities. Our automated tool and realignment helped get our stakeholders to review early input for the month-end close tasks with local markets.

Value and Impact

Financial statements are available for early review.

Streamlined and automated processes resulted in a more efficient team.

Italy New TAX code

Our commitment to customer care extends to ensuring a seamless experience when managing invoices and taxes. We understand the importance of these financial aspects and strive to simplify and facilitate the process for our valued customers.

Financial Operations

| 01 Dec, 2023

Process Backlog Monitoring Tool, Service Controlling

We developed our process backlog monitoring tool to ensure accurate reporting of financials. Before that, we tracked and maintained these backlogs of unprocessed items through PPT. Now, the new automation tool helps manage backlogs in a better-structured format, providing the benefits of seamless governance, accurate financial reporting, and a more presentable visualized summary.

Financial Operations

| 01 Dec, 2023

Trade Tax Allocation Process Improvement, Tax

The complicated workflow of the German Trade Tax allocation process was resource intensive. Each item of the pending items open list required manual allocation of details. We automated the allocation process to make it easy. The automation process improvement helped us in the timely preparation of prompts and reports of the tax payments, making the whole process simpler and faster.

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