Financial Reporting System Assignment

Client:

UK quoted conglomerate with sales in the region of UKP 5Bn and operations located in all the major industrialized countries around the world including UK and Europe, North and South America, Middle and Far East as well as Africa and Australasia.

Business Objective:

Enable faster objective business decision making by the board as well as other levels of company management. Final operating and consolidated reports to be available 10 working days after month end. Additional weekly reporting to be available on 3rd working day of each week.

Project Description:

Development and deployment of a common financial reporting system for all operating subsidiary companies utilising commonly available IT components. Plus development and implementation of a centralised multi-currency consolidation and reporting system for all groups/divisions of the company.

Metrics:

Two phase project. 1st phase - 6months, UKP 1M, 20 IT personnel. 2nd Phase 6 months, UKP 350K, limited IT personnel but extensive end-user involvement. The reporting system covered in excess of 350 companies.

Results:

Both phases completed on time and within budget. Resultant system delivered in excess of expectations both in terms of it's functional coverage as well as the responsiveness.