Businesses and organizations perform a month-end close to keep their finance and accounting data organized. However, as the name implies, this process is one that recurs every month. The result? Our client’s employees lost their valuable time performing this process every month. We have presented a solution that is able to fully automate this monthly process and reduce the monotonous work of the business controllers.
Every Finance and Accounting department is familiar with it: the Month-End Closing. These monthly financial statements are essential for business decisions, as they reflect your business’ performance. In order to close the month, a series of steps needs to be completed. These steps include checking whether the sales orders are fully delivered, invoiced and post-calculated. After all these steps are completed and the sales order is ready to be completed, the billing plan of the order is adjusted accordingly and saved in SAP. Afterwards, a report is generated including all processed sales orders.
Our client, an FMCG company, recognized the repetitiveness of this process and its lengthy throughput time, which resulted in a high workload for its business controllers. However, they identified the potential for an automated solution and reached out to Ciphix to make this work!
Hours saved annually
Of efforts automated