Telecommunications Operators Needed Support With Reconciliation
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Case Study
Telecommunications Operators Needed Support With Reconciliation
A leading digital payment service provider was recently granted a license to operate as a bank. It offers various mobile financial services, including peer-to-peer transfers, bill payments, international remittances, and in-store payments.
The business situation
- The company wanted to streamline the chart of accounts and redesign it to align with business and reporting requirements
- Further, there were intercompany reconciliation issues and delays in the closure of books every quarter
Our team’s role
Diagnostic Assessment
Performing a diagnostic assessment of the chart of accounts and the intercompany reconciliation process
Benchmarking
Conducting a benchmarking study to identify industry-leading practices
Gap Analysis
Identifying gaps and process improvement opportunities, including automation
Process Design
Assisting in designing the to-be chart of accounts and the intercompany reconciliation process
Gap Resolution
Supporting resolution of identified gaps and providing recommendations
Technology Solutions
Identifying technology solutions for CoA implementation
The value our team added
- Streamlined consolidation process.
- Fast close of monthly books.
- Standardization and consistency in the recording of transactions.
- Enhanced control environment.
Modernize Your Finance Architecture
From Diagnostic to Design, streamlined CoA and Intercompany Processes Backed by Technology Insight
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