Financial System Design And Implementation

Case Studies

Financial System Design And Implementation

A facility management company’s transition from its legacy system to a new system stalled over a dispute with the legacy system’s vendor. With no easy path to resolution and increasing compliance and reporting pressure, management sought our help.

The company had to overcome critical challenges

  • A dysfunctional financial accounting and reporting system
  • Stalled migration to new accounting system
  • Delays in internal and regulatory reporting
  • Inefficient, manual workaround processes
  • Loss of legacy system data migration utilities
  • Limited access to legacy system technical specifications
The Solution
  • Developed system design specifications and an implementation plan based on the results of our enterprise-wide requirements analysis involving process owners and report users
  • Configured new system to meet design specifications, and accounting and financial reporting framework requirements
  • Determined electronic and printed data sources, population and status then deployed proprietary and packaged data migration utilities using proven data migration methodologies
  • Guided the implementation of process improvement recommendations
  • Completed successful user acceptance including data validation, account balance verification and satisfaction of internal and external reporting requirements
The Result

Successfully assisted company in establishing improved processes and implementing a robust, scalable enterprise accounting system proven to meet enterprise accounting and financial reporting long-term needs. 

Enterprise Resource Group (“ERG”) is a Bahamas-based boutique consulting firm specializing in end-to-end enterprise support services.

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