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Financial Systems Makeover
Task
To integrate financial operations with a newly acquired company in common service centers: – Develop a 100-day roadmap to shared service center financial structure;– Terminate a $4M monthly transition services agreement (TSA);– Migrate the legacy financial system to a company owned platform.
Solution
Perform full-scale integration of financial systems after the merger of two companies:– Developed a new “lift and shift” plan;– Served as an intermediary to end TSA and gain permission to duplicate the present Oracle infrastructure;– Assisted in implementing Oracle and Hypergion systems and upgrading staff's professional skills.
Results
Ended reliance on $4 million monthly TSA;
Integrated financial systems for the newly merged company that happen to be three times bigger of its original size;
Improved financial IT infrastructure ensuring more robust predicting and budgeting.
Services We Provided
Financial planning;
Economic capital management;
Risk assessment.