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.