Reducing the Month-End Close Process by Days with Automated Templates
公司规模
Large Corporate
地区
- America
国家
- United States
产品
- Vena
- Microsoft Excel
技术栈
- ERP
- GL
实施规模
- Enterprise-wide Deployment
影响指标
- Productivity Improvements
- Cost Savings
- Employee Satisfaction
技术
- 功能应用 - 企业资源规划系统 (ERP)
- 功能应用 - 企业资产管理系统 (EAM)
适用行业
- 公用事业
适用功能
- 商业运营
- 质量保证
用例
- 补货预测
- 过程控制与优化
- 远程资产管理
服务
- 系统集成
- 软件设计与工程服务
关于客户
One of the leading electric utility companies in the U.S. was manually completing their month-end close process by downloading five separate trial balance reports from their ERP and copying and pasting that data into Excel for further manipulation before manually performing inter-company eliminations. The company has a large and complex structure, with 40 separate entities that require individual and consolidated financial reporting. The manual process was time-consuming, prone to errors, and required significant effort from the Finance team, which could have been better spent on value-added activities.
挑战
For every month-end close process, the Finance team downloaded five separate trial balance reports from their ERP and created 40 separate reports for all 40 entities of the organization. The Finance team then copied and pasted the data from the ERP into Excel spreadsheets to further manipulate their format. The entire process was repeated if changes needed to be made to the month-end close templates. The Finance team was manually performing inter-company eliminations over a period of several days.
解决方案
Vena seamlessly syncs with the client’s GL and data from the GL is automatically loaded into pre-built income statements and balance sheets. Vena automatically builds P&L reports for all 40 entities of the organization. Vena produces a single template that the entire organization can use for the month-end close; changes can be made to existing templates in real time with the click of a button. Vena saves all eliminations in a separate Excel workbook that is automatically rolled into reports. This automation eliminates the need for manual data manipulation and inter-company eliminations, significantly reducing the time and effort required for the month-end close process.
运营影响
数量效益
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