WellSpan Health needs automation for healthy growth and scaling​

Picture this...

You’re WellSpan Health, a $3B hospital network relying on Axiom and Excel to perform your complex close and consolidation process, as well as track and perform monthly and quarterly reconciliations. As a result of these manual processes, you’re dealing with a lot of pain points: lack of visibility into intercompany eliminations, no automated approach to calculating non-standard ownership, manual retrieval of GL and subledger balances for reporting and reconciliations, and difficulty communicating reconciliation availability and assignment among responsible end users. To continue to grow and scale, you need automation. ​

You turn to Accordion.

We partner with your team to: ​

• Automate data loads from multiple general ledgers (Oracle Fusion and Lawson)​.​
• Configure intercompany elimination logic to provide visibility and reporting on the matching of intercompany transactions​.​
• Configure non-standard ownership rules to systematically calculate equity pickup and minority interest​.​
• Provide transparency, traceability, and auditability into the reconciliation cycle workflow​.​
• Configure consolidated report books that can be distributed to management for review​.​
• Configure auto reconciliation rules to reduce effort on low-risk reconciliations.​

Your value is enhanced.

You successfully implement digital processes that improve financial processes enterprise-wide, paving the way for growth and scaling. This includes:​

• Centralized, consolidated reporting and repository for monthly and quarterly reconciliations.​
• Automation within both your data integration and reconciliation process​.​
• Increased visibility into the overall close process and significant time savings in the monthly close and yearly audit.​​
• Scalable solution leveraged to add additional cloud products (Oracle Planning and Budgeting & EDM)​. ​