Revenue Accounting Project Case Study

Revenue Accounting Project Case Study

Complex Business Process Re-engineering to support Finance Transformation Finance Transformation

CHALLENGE:

Replace existing in-house solution to eliminate manual processes and reduce the risk of financial misstatement for Interline Revenue Accounting and Billing.

RESULT:

Successfully implemented a sustainable system, processes and resource model to support an expanding operation and additional franchises.
Our client identified a critical need for an automated and integrated Interline Revenue Accounting System.

The Project team (with cooperation from Commercial and Systems teams) completed significant business process re-engineering to streamline existing manual processes and accounting treatments to support the implementation.

The project was of high complexity given business requirements included multi-currency, multi-geography, multi-language and multi-commercial agreement constraints.

The final solution relies on a BPO (Business Process Outsource) Model to support internal accounting teams to enable a scalable solution to support business growth.

PM-Partners group successfully:

  • Implemented a sustainable system, processes and resource model to support an expanding operation and additional franchises.
  • Mitigated financial risks with enhanced internal control functionalities
  • Streamlined and centralised the Interline Revenue Accounting functions within a group shared services environment
  • Reduced resource cost to support the Interline Revenue Accounting Solution
  • Improved billing efficiency resulting in enhanced cash-flow and reduced revenue leakage

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