Deploying deep domain know-how to enable fast, flawless finance operations
Client:
Manufacturer of rugged communication tools
Industry:
Technology
Primary goal:
Enhance accounting operations to support rapid business growth.
The client designs mission-critical rugged phones and connectivity tools for industrial and public-sector users in construction, energy, logistics, and public safety. With operations spanning the U.S., India, and China, their high-volume manual reporting and consolidation process for financial operations was time-consuming and error-prone. We stepped in as an innovation partner to address the challenges.
Key objectives
01
Standardize accounting framework for financial and management reporting.
02
Reduce manual effort in reporting and consolidation.
03
Improve accuracy and turnaround time through automation.
The Pierian edge
With our out‑of‑the‑box service delivery model, we combined domain know-how and technology expertise to transform financial reporting. What started as an engagement focused on the Accounts Receivable process, matured into a partnership that resulted in a robust consolidation solution.
Defined period-close activities and established reporting calendars across the U.S., India, and China entities
Standardized report formats to ensure consistency across global operations
Deployed an automated inventory tracking system to improve efficiency and accuracy
Implemented an automated consolidation tool to reduce manual data handling
Developed interactive dashboards to monitor key financial KPIs
Enabled self-service reporting for management, improving information dissemination and decision support
The engagement raised the bar for financial accounting, reporting, and compliance, while delivering quality and TAT improvements across key areas such as general ledger analysis, month close, consolidation, and CTQ parameters.
Improved reporting
- 10% faster financial and management reporting activities
Manual effort reduction
- 25% reduction in manual effort hours
Improved transparency
- Unified financial statements and greater transparency across three regions
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