Fruit warehousing co. needs to sweeten integration processes

Picture this...

You’re a provider of warehousing and return management services focused on the fruit industry. You offer handling, storage, and packing services, maximizing returns for grower fruit while efficiently utilizing labor, expenses, and capital assets. You have grown through acquisition, but several consistent themes have surfaced as a result: post-acquisition financial statements are unreliable, there is a lack of organized close governance, the finance organization is disaggregated between locations, and the procure-to-pay process is highly manual and time consuming. You need help integrating acquisitions and reducing close time.

You turn to Accordion.

We help align the finance and accounting business processes of the two legacy organizations and the existing complexity in the accounting practices by:

• Facilitating workshops / interviews with process owners to understand current state process and pain points and identify opportunities for improvement.
• Establishing a new month-end close process including close governance tools, daily close calls, and a close checklist.
• Designing and implementing processes to more closely align the two legacy businesses
• Documenting current state accounting policies and procedures and develop new ones to support the audit, including support COA redesign and implementation, and building a financial statement consolidation model in Excel.
• Selecting and overseeing implementation of a new expense management system.
• Designing future state operating model and providing interim leadership to support close management while executives supported other key initiatives.

Your value is enhanced.

You now have a repeatable monthly close process that radically reduces close time from 30+ to 15 days. You also have a playbook for future acquisitions, reducing disruptions. Finally, you have a new PTP tool that incorporates governance, controls and reduces manual efforts spent on AP.