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