Project: Finance Process and Reporting Standardization

Client: Oil & Gas company

Project Overview & Objectives:

The oil & gas business unit of a multi-national conglomerate engaged Clearsulting to support the design and implementation of the standardization of 5 key business processes and key 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 over 200 manufacturing, service and sales sites within the global surface drilling business.
  • Support the surface drilling business Oracle financial mapping and data reconciliation efforts.

The Clearsulting Delivery / Value:

  • Coordinated with project leadership to develop future state process flows related to key business processes
  • Coordinated with project leadership and oracle solutions architects to develop standard operating procedures for 5 key redesigned processes within Oracle
  • Performed testing within the Oracle environment to determine system functionality and the accuracy of account allocations related to redesigned processes
  • Oracle Process re-design drove reconfigured system functionality and led to standardized processes across the Americas, EMEA, and Asia-Pac
  • Assisted in creating a consolidated listing of over 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
  • The team at Clearsulting has created a unique culture focused on creativity, enthusiasm, and collaboration since we opened our doors in 2015. Please contact us to learn more about our team and the services we offer. We look forward to speaking with you!