Financial Management
Operations

Need
• Mid-sized healthcare company operating in 20 countries had grown through acquisition
• Operating globally with diverse financial management and accounting systems
• In need of common financial systems and processes to manage business and meet corporate reporting requirements

Approach
• Review of all existing systems and analysis of requirements to manage business and achieve desired reporting outcomes
• Recommendation and implementation of common accounting system and harmonization of global financial reporting processes
• Recommendation and implementation of WAN upgrade and I.T. modifications required to support financial reporting
• Development of organizational plan to manage and consolidate financial information consistent with division and corporate requirements

Benefit
• Improved quarterly consolidation of financial results from one month to one week
• Streamlined multi-country budgeting process
• Provided tools and information for tracking business performance to Plan with proactive opportunity for adjustment to meet corporate targets