Cutting a manufacturer’s close time in half to manufacture more revenue

Key results:

Moved from manual to automated processes
Reduced time to close by 50%

Value levers pulled:

Accounting policies and procedures
Integrated profitability analytics
Process and controls implementation

Picture this...

You’re a multi-billion-dollar consumer products manufacturing company implementing the cost accounting module within your ERP system to facilitate better costing methodologies and variance capture in financial statements. However, your system was built on top of a unique home-grown manufacturing tool, resulting in a highly complex technical environment not easily mappable into a modern ERP, and when you push changes live, you find that your month-end close is taking longer than it had previously. You need to expedite it.

You turn to Accordion.

We develop end-to-end processes around the new system’s capabilities. We:

Leverage native system functionality and industry best practices to reduce risk of error in manual reconciliations and journal entry execution.
Conduct detailed walk throughs of key processes, highlighting potential control weaknesses and recommending best practices, including close calendar, checklist, realigning responsibilities among team members, and automating processes to reduce error.
Partner with finance and technology to reconcile transaction level information, including base tables on your manufacturing system, new cost accounting modules, and legacy accounting inventory reports.

Your value is enhanced.

You immediately cut close in half to 7 days, enhancing revenue capture. After fully implementing the new system, you further reduce your close to 5 business days.

Enhanced value:

You reap multiple benefits, including:

Moved from manual to automated processes
Reduced time to close by 50%