For a large player in the Gas and Oil Industry accurate and on-time financial planning is essential to reach objectives.
Prior to contacting Nuummite Consulting, the customer had to wait a long time to get the required data needed for key decisions. Data aggregation across 8 business lines and 12 different currencies was time-consuming.
As a result and to properly respond to any rising issue, the company wanted to focus on significantly improving their data collection process to ensure that key decisions are made in time.
Transformational Approach
- Mapping all current business lines and geographies to create relationships
- Design of financial consolidation process
- Design of consolidated financial reports and key decision charts
- Implementation of a financial consolidation platform
- Creation of financial reports and management dashboards to enable quick access to the leadership team
Remarkable Results
90% reduction in consolidation time
Improvement of management decision-making process
