The finance division of the client was experiencing difficulties on account of significant manual efforts for preparing of their periodical management and board reports.. Business transactions ran into high volumes each month and was also diverse in nature. This was due to the nature of upfront cash collection for single year or multi-year subscriptions, revenue booking was also complex leading to several manual adjustments and errors. Therefore, for accurate revenue reporting to management, the process necessitated tagging each transaction record with different labels which was used for reporting. The manual process of copying and pasting data into PowerPoint presentations consumed non-value added efforts each week.
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Published by ValueXPA — finance partner for $30–150M industrial manufacturers across the US, Australia, and India. Browse more research at valuexpa.com/insights.