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.
- 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
90% reduction in consolidation time
Improvement of management decision-making process