Transform to last.

Although we were initially engaged to implement Power BI financial reporting for the client’s management team, our early assessment revealed significant issues within the accounting function. These included major process inefficiencies and substantial inconsistencies in their newly implemented accounting system. As a result, the scope quickly broadened to address fundamental accounting and process challenges.

Our mission expanded to stabilizing the financial and accounting function by redesigning outdated processes and aligning them with best practices. This included optimizing time-consuming workflows and ensuring full utilization of their software capabilities.

Additionally, we were asked to support the client during the audit process and assist in completing the annual report.

Parallel to these activities, we continued to deliver on the initial project objectives, including:

• Designing a new purchase order process.
• Developing a comprehensive reporting package in Power BI for management.
• Preparing, for the first time, a full budget within their accounting system.

To stabilize the Financial & Accounting team, our first step was to deliver accurate and structured financial reporting to meet the expectations of both management and the board.

We then re-engineered several outdated processes, transforming them into best-practice workflows that reduced manual effort and improved reliability through better use of the accounting software.

Next, we assumed responsibility for finalizing the 2019 audit follow-up, addressing several unresolved deliverables inherited from previous teams.

To reinforce the accounting function during this critical stabilization phase, we integrated some of our consultants into the client’s finance team, strengthening internal expertise and improving day-to-day continuity.

For the purchase order process initiative, we developed a detailed business case and provided templates to support the digital team in designing and implementing the new solution.

Regarding Power BI reporting, we structured a robust data model drawing from the client’s various systems, and created the primary management reports used for performance monitoring.

We successfully finalized the annual audits, despite the challenges caused by the client’s poorly implemented accounting system prior to our intervention.

We provided the management team with an interim Excel-based financial reporting suite to ensure proper business monitoring while the Power BI solution was being developed.

In parallel, we built the required data architecture for Power BI and delivered several of the key management dashboards.

Finally, we redesigned the client’s management accounting structure, enabling clearer segmentation and a more accurate representation of their business model.