Finance process and reporting standardization

Project overview and objectives

The oil and gas business unit of a multi-national conglomerate engaged Clearsulting to help design and standardize five key business processes and financials, as well as support financial data mapping efforts. The goals of this project were to:

  • Design and implement process and financial reporting standardization across more than 200 manufacturing, service, and sales sites within the global surface drilling business
  • Support the surface drilling business Oracle financial mapping and data reconciliation efforts

What we did

  • Coordinated with project leadership to develop future state process flows related to key business processes
  • Coordinated with project leadership and Oracle solution architects to develop standard operating procedures for five redesigned processes within Oracle
  • Performed testing within the Oracle environment to determine system functionality and the accuracy of account allocations related to redesigned processes
  • Drove drove reconfigured system functionality through Oracle process re-design and standardized processes across the Americas, EMEA, and Asia-Pacific
  • Assisted in creating a consolidated listing of more than 200 locations across the service and manufacturing businesses globally to ensure leadership was aware of all active field locations
  • Worked with area controllers and finance teams to identify account mapping issues and correct account mapping within Oracle HFM
  • Identified and corrected financial mapping and monthly reporting gaps globally, leading to increased reporting accuracy and visibility into performance across the business

Project detail


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