Case study: Optimisation of accounting processes

Scope of the project:

• Business process analysis for the accounting area - for several companies within the group.
• Resource use assessment - analysis of staff competences as well as responsibilities and how they are assigned in in the area under study.
• Finding areas for improvement and implementing improvements - in processes within the department and at the interface with other areas (processes, operations, systems).
• Preparing a list of recommended changes - with the aim of increasing efficiency and optimising ongoing processes.
• Identification of processes to be automated - with the potential to reduce time-consumption and manual activities.
• Debate on recommendations - setting priorities and next steps.
• Drafting the business process maps including discussed improvements.
• Trainings for staff responsible for particular processes.
• Support in the implementation of selected recommended improvements - if this was not possible to do within the organization.
  
  

Client benefits:

• Increase the efficiency of accounting processes by eliminating bottlenecks and arranging decision points appropriately.
• Reduce time-consuming activities by decreasing the number of steps in processes.
• Shortening the month-end closing process by 2 days.
• Increase the quality of accounting department's work by eliminating potential errors and risks and arranging checkpoints appropriately.
• Begin the process of automating business activities by identifying them appropriately and aligning them with RPA implementation.
• 20% reduction in the number of reports and manual activities.
• Improving cooperation with other departments - such as sales or IT - with streamlined processes and open discussions
• Staff motivation increased by specifying precisely who is involved in the process and by openly discussing disadvantages and change ideas.
• Saving extra time for staff to engage in other activities.

See also: Case study: Risk management