Financial Analysis Case Study 1
The finance department in a large information technology products company had many manual processes to supplement their accounting and financial accounting and reporting processes. Financial Analysts were spending weeks crunching numbers for their financial reports, leaving little time for financial business intelligence.
CPO Consulting spearheaded the design and implementation of technology solutions to automate and refine the business financial analysis processes. They defined and implemented business key performance indicators (KPI) and deployed an integrated database solution and performance dashboards with preformatted and custom reporting options.
The database solution created by Steve Ibrahim generated over $500,000 in annual savings for the company. Steve was asked to create additional business intelligence dashboards and perform additional financial consulting to solve other financial reporting and analysis needs.
Financial Reconciliation Case Study 2
A life science technology company needed a business financial consultant to provide advanced financial reporting analysis. Some key challenges were to make monthly financial adjustments from multiple countries, find missing costs from over 100,000 parts, and reconcile reporting from multiple ERP systems.
CPO Consulting designed a desktop solution using a combined approach of Microsoft Access and Microsoft Excel to automate the financial adjustments and interface with the existing ERP and Business Intelligence systems. Data were pulled automatically from the existing systems, and analyzed in the tool, making the adjustments and reconciliations easy to do. This allowed the ERP business intelligence data to be reconciled and pulled into multiple business intelligence dashboards.
The financial reconciliation tool enabled real time business intelligence and dashboard metrics analysis. This tool identified over $2 million of product with missing cost information, and enabled automatic reporting of data from all regions, regardless of the system or origin of the data.