Division Donovan & Watkins, Professional Division
February 3, 2020
Business Scenario:
Multi-Currency ERP System Implementation for an International Beverage Company. The Project scope was inter-company reconciliations.
Project Scope:
Our Senior Accountant was responsible for coordinating with each division accounting departments to understand their current intercompany billings.
Phase 1)
Our consultant interviewed clients with accounting personnel to determine accounting practices and business processes. They also reviewed existing accounting policies and procedures.
Phase 2)
Identified disconnects between actual processes and company procedures developing flowcharts to reflect correct method and timelines of intercompany billings.
Phase 3)
Implemented new intercompany billing methods and procedures.
Clients Return on Investment:
Month End close was streamlined to full accuracy and shortened the closing process by ten days. Thus saving the company exponentially on employee time and overtime wages.
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