Process Engineering And Implementation

Case Studies

Process Engineering And Implementation

A leading consumer lending firm reduces its period-end financial close timeline from 23 days to 5 days, significantly improves business processes and realizes 38% reduction in related costs.



The firm faced challenges with business processes and the optimization of resources used in finance and accounting.

ERG was engaged to:

  • Assess existing business processes and data management
  •  Provide advisory to improve financial close and reporting processes
  • Identify the right automated tools to support business processes
  • Support implementation of automated tools
  • Conducted an edge-to-edge audit of finance, accounting, and reporting business processes the results of which led to:
  • Streamlining of data extraction, consolidation, and reconciliation
  • Elimination of clerically intensive manual processes
  • Enhancement of Excel-based processes involving deployment of tailored data management tools in Power Query
  • Documentation of accounting and reporting policies and procedures
  • Restructuring of Chart of Accounts to support data reconciliation and reporting
  • Development and implementation of data visualization dashboards
  • Training and support to process owners and report users

ERG deliverables improved efficiency achieving a significant reduction in the firm’s timeline to close from 23 to 5 days and a reduction in related costs. Timely and accurate reporting was available to report users with improved data visualization and analytics.

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

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Nassau, Bahams
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